We will shop the whole mortgage market on your
behalf. The Lenders pay us commission unless you choose to pay a fee. If
you do choose to pay a fee, this would usually be 0.5% of the loan
amount.
Sometimes the ability to get the right answer from a Lender or the best deal is influenced by how the application is presented. We have the expertise to help get you best value for money. We can
normally obtain an 'Agreement in Principle' for you in as little as one hour (depending on your situation).
Adverse Credit Mortgages
If you had any financial problems in the past many of the mainstream mortgage deals may not be available to you.
Problems such as: Rent or Mortgage arrears, Count Court Judgments (CCJ's),
Bankruptcy and Defaults may all affect the choice of lender you have. Our job is to find
the right lender for you.
There are lenders and schemes available that offer mortgages at standard rates with discounts and fixed and capped rates
available. Some lenders that accept past financial difficulties charge rates that are only 1/2% higher than mainstream lenders. Even the lenders that offer mortgages for serious past financial difficulties are charging rates
that are not much higher than 'high street' so these mortgages do not have to be very expensive.
The minimum deposit required is usually 5% of the purchase price. Individual circumstances determine the
deposit required, the rate charged and the type of deal available.
You do not need to have had problems with credit to
have problems obtaining a mortgage from traditional mortgage lenders. If
are self-employed or have an income that includes a large amount of
commission or bonus, you may find that the amount you can borrow is
restricted by many lenders' traditional income requirements. Similarly,
the recently self-employed, agency workers and contract workers may find
that not every lender will be willing to consider lending to them.
About Mortgages have the expertise to source an
appropriate lender who will consider your circumstances in order
maximise the loan amount available to you while ensuring that the
interest rate remains competitive.
About Mortgages Ltd
Registered in England & Wales No 5170864.
The guidance and/or advice contained within this website is subject
to the UK regulatory regime, and is therefore targeted at consumers
based in the UK.
About... Adverse Credit
