Bad Credit Mortgages
Having bad credit doesn't have to mean you can't get a mortgage, whether you've missed a payment or been declared bankrupt several companies now specialise in lending to sub prime borrowers.
Get A Bad Credit Mortgage Quote
We work with hundreds of specialist UK lenders, covering all spectrums of adverse credit lending. Everybody has different requirement when it come to sub prime borrowing so in order to find you the best deals we need to know a little about your situation, fill in the form below and our advisors will identify the best bad credit mortgage for you.
Bad Credit Bad credit mortgages are more specialist and require expert advice, Get a quote.
About Bad Credit Mortgages
Turbulent ecomonical times force lenders to become more cautious and consequently borrowers with bad credit feel the pince more than others. But it's important to remember that you are not alone, as many as 1 in 5 borrowers are classed as sub prime and lenders realise that. It's important to bear in mind that the more on time repayments you make the better your credit score will become providing to oppotunity to remortgage and switch to a better deal.
What To Look Out For
As a sub prime borrower you represent a far greater risk to a lender and this will be reflected in the deal they offer you, the interest rate will be substanially higher than that on a standard residential mortgage and you'll require a larger deposit in order to be accepted, it's also likely that the lender will attach an inflated arrangement fee.
This article from the BBC is a good read regarding credit ratings..