Impaired Credit Mortgages

What about a Mortgage if you have an impaired credit rating?

If you have had a debt problem resulting in an adverse credit history, which could include: County Court Judgements (CCJ's), mortgage or rent arrears, or bankruptcy you probably won’t qualify for a standard mortgage from a high street lender.  Equally if you are self-employed and don’t have 3 years audited accounts or have changed address many times you could have difficulties.

In these circumstances you will need to seek an alternative lender to acquire a mortgage.  However, because of the greater perceived risk by the lender the interest rates charged may be higher than those on offer by high street lenders.  On the positive side though, it does mean that you will be able to buy your own home and providing you repay the mortgage as required by the lender after three years, your credit history will have benefited considerably.

Once you have re-established a good credit rating you will then be able to re-mortgage to a prime lender and enjoy the benefits of discounted interest rate mortgages.

If you are in this situation, we can handle everything for you, from making the initial application, through to solicitors, fees, insurances etc, taking the hassle away from you and obtaining the best mortgage deal for your situation.