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Specialists in remorgages for people with Adverse credit
Adverse credit mortgages
This phrase has become the mortgage industry standard for a mortgage where the customer has had or still has a credit problem of some kind recorded in the credit agency files against them.
Adverse credit history can also include rent arrears that show up in a landlords reference.
Whatever the source it is virtually impossible to find a mortgage lender of the high street type that will offer you a mortgage. This even applies to people who have already satisfied the debt, for example.
Adverse credit mortgages are now readily available from a number of lenders, mainly through intermediaries or brokers, such as ourselves.
The type of problems allowed for are ccjs, mortgage or loan arrears, defaults, late payments, bankruptcy (discharged only), IVAs, previous repossessions and people with debt management plans.
We have schemes that offer up to 100% including self-certification of income, which is very useful for self-employed people with no accounts. The 100% adverse credit mortgage has a limit of £150,000 though. Normally up to £250,000 is OK for 95% mortgages and any level of mortgage over this can be arranged with 10% to 20% deposit or equity if a remortgage.
To find out how easy we can make it for you please complete our enquiry form.
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