Bad credit Mortgage
Finding it a problem to get a mortgage, Mayfair Consulting specialise in Problem mortgages and Adverse credit problem mortgages.
Lots of people experience problems in the UK in getting a mortgage or re-mortgage because of current or past credit problems. Credit problems can include:
- Bad debts
- Missed payments
- Late payments
- Mortgage arrears
- Defaults
- CCJ's (County Court Judgements)
- Bankrupt
- IVAs (individual Voluntary Arrangements)
- Partial payments
- Bad credit due to multiple credit searches
- House repossession
Having credit problems means that many mortgage companies will not give you a mortgage or re-mortgage due to your adverse credit history, no High Street lender will accept individuals with CCJs and Defaults. Because Mayfair Consulting researches the whole market, our consultants will source the correct mortgage for you based on your needs and preferences. So there is no need to shop around and waste hours on the phone. Our hi-tech computer systems are engineered to search the whole market.
Most people with credit problems found themselves getting into financial difficulty through no fault of their own. Very often it is due to the loss of earnings associated because of redundancy, long-term sickness or family problems which leads people to develop credit problems. This means credit problems are something which can affect people from all demographics.
It is now very common for people to have credit problems due to split in relationships one party can be affected with adverse credit history due to joint commitments in the past. Even though those financial issues may now be fully resolved. Some mortgage lenders are more relaxed and ignore old Defaults and missed mortgage payments.
But if you have got credit problems, we know what you are going through so please give us a call or better still fill out our Mform with as much information as possible. To some mortgage lenders, your situation might not appear as bad as you think it is. Mortgages have been given to people with 12 missed mortgage payments, people who have been discharged of bankruptcy. Every mortgage lender has different ways of looking at mortgage applications from people with credit problems.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The overall cost for comparison is 7.1% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. There may be a fee for the mortgage advice. The precise amount will depend on your circumstances, but we estimate it will be 1.5% of the loan amount with a minimum fee of £500 added on to the loan.
Mayfair Consulting Limited is an Appointed Representative of The Mortgage Times Group Limited, 279 Tottenham Court Road, London , W1T 7RJ , which is authorised and regulated by the Financial Services Authority no. 303007.
