Adverse Credit Mortgages

Your FREE Guide to Adverse Credit Mortgages. It includes:

• Understanding adverse credit
• Finding an Adverse Credit Mortgage Lender
• Applying for an Adverse Credit Mortgage
• Improving Your Credit Score
• Managing Your Adverse Credit Mortgage

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Do these questions sound familiar?

• Can you get a mortgage with adverse credit?
• How long after adverse credit can I get a mortgage?
• How much can I borrow with adverse credit?
• How much does bad credit affect my mortgage? 
• How much deposit do I need for a house with adverse credit?
• Can you still get a mortgage with a CCJ?
  

How a Mortgage Broker can help

We are particularly experienced in applications where clients have had issues with credit, and our wide panel of lenders gives us access to some very specialist options to suit nearly everyone’s credit background. We pride ourselves on finding a solution for people who have been subject to Debt Management Plans (DMPs), Individual Voluntary Arrangements (IVAs), Debt Arrangement Schemes (DAS), Bankruptcy’s, Trust Deeds, Defaults, CCJ’s and other types of adverse credit.

Adverse Credit – What you Need to Know

Many people believe that they can’t get a mortgage because they have a history of bad credit. While it’s true that some mortgage lenders prefer customers with a pristine credit report, the idea that having bad credit automatically disqualifies you from mortgage approval is a huge misconception.

What is a adverse credit mortgage?
An adverse credit mortgage is for borrowers with bad credit. Specialist providers will provide loans to bad credit applicants, although the rates and payments offered might be higher than for customers with clean credit.

If you have enough income or a healthy deposit, it may be possible to find a competitive deal.

Credit issues that we can help with:
Repossessions and bankruptcies are considered the most severe type of adverse credit you can have on your file, while things like missed phone bill payments are problems many providers may be willing to overlook.

Specialist providers often take a more flexible approach than those on the high street and can offer a lifeline to applicants with any of the following:

• No credit history
• Low credit score
• Late payments
• Missed mortgage payments
• Defaults
• CCJs
• IVAs
• Debt management plan mortgage
• Repossessions
• Bankruptcy
• Payday Loans
• Multiple credit problems
• Trust Deeds

MortgageWise (Scotland) Ltd is an appointed representative of Primis Mortgage Network, a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.

This firm may charge a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.

Your home or property may be repossessed if you do not keep up repayments on your mortgage. As with all insurance policies, conditions and exclusions will apply. The Financial Conduct Authority does not regulate all Buy to Let mortgages. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Published by Opulent Media Group

With so much information to process and lots of options, a mortgage broker can help navigate the deals and rates, and provide qualified advice on your financial position and what deals may represent the best choice for you.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Adverse Credit Mortgages with MortgageWise Scotland