Adverse credit re-mortgages - getting yourself a deal.
If you own your home and want to remortgage but have adverse credit history you will need help to find a deal.
If you have been searching the market already, you will have discovered by now few lenders are willing to offer mortgages to those with a less then perfect financial history.
What is an adverse credit mortgage?
These are products specifically designed for people with bad credit, people who have been refused by main stream lenders because of:
- No credit history
- Poor credit history
- Low credit score
- Missed mortgage payments
- Late payments
- CCJ’s
- IVA’s
- Defaults
- Repossessions
- Bankruptcy
So what can you do if for example you have payment defaults, payment arrears, CCJ's or are bankrupt - what's your next step?
Contact Deal Direct for bad credit mortgage advice.
At Deal Direct we are finding more and more borrowers are contacting us because they need help to find a mortgage because of their bad credit history.
It may be you missed a few credit card payments or perhaps more seriously you have been made bankrupt. If you have had financial issues in your past we have access to specialist lenders offering bad credit mortgages.
If you would like to make an enquiry call us today on 0800 048 8828. We can arrange an adverse credit mortgage on your behalf.
Why choose us to help you remortgage?
- We are 'whole of market' and have access to broker exclusive adverse credit mortgages.
- We have access to exclusive remortgage deals only available to those with poor credit.
- Our mortgage advisers are highly qualified and experienced at finding bad credit mortgages.
- We are dedicated to finding a mortgage for every home-owner who contacts us.
As with all mortgage products the larger your deposit the more successful you will be in achieving a mortgage offer, and this remains the case for those with a bad credit history.
If you have a minor reason for having bad credit you are likely to be asked for a 10% deposit, if your reason is more serious you may well be asked for 20-40% to reduce the lender's risk.
Once again as with all mortgage applications you need to be able to show you can afford a mortgage both now and in the future. In general you can borrow up to 4 times your income, but this may vary according the individual lender and your financial circumstances. For advice on this point call 0800 048 8828.
For impartial advice and a quote from a specialist adverse credit mortgage provider call Deal Direct.
Speak to us 0800 048 8828 and let us help you remortgage.
