Bad credit mortgages are hit by the eurozone crisis.
Bad credit mortgages have been a casualty of the credit crunch and subsequent eurozone crisis.
Unfortunately those currently looking for bad credit mortgages will find their options limited because the UK sub-prime mortgage market has suffered a significant contraction.
There are still some specialist lenders prepared to lend to near-prime mortgage customers with more complex needs, but no high street lender currently offers such mortgage deals.
Pre-credit crisis a wide range of bad credit mortgages were available and some had very competitive rates. If you are already a sub-prime mortgage holder then as your initial fixed period comes to an end you many find your repayments rising.
If wish to remortgage then you could find it tough accessing a deal, as the market has significantly reduced limiting who you can borrow from and how much you can borrow.
Mortgage rates in this sector have increased as criteria has tighten and funding costs have increased. However if there is a remortgage deal out there to fit your circumstances, Deal Direct will find it.
Deal Direct are an independent 'whole of market' broker and as such we can search the entire UK lending market for a competitive new deal. We will review your circumstances and current finances and advise on what options are available to you.
If you are looking for a comparison of available bad credit mortgages contact Deal Direct today.
