Credit Problems
Money Saving
Mortgages Specialises In Arranging
Mortgages
For Clients
With Bad Credit Problems
A recent survey shows that some
770,000 people throughout Great Britain, with a mortgage
have missed one or more mortgage payments in the last 12
months.
The
number of County Court Judgments (CCJs)
increased for the second year running. Consumer
judgments (excluding theDVLA) increased by 33
percent to 843,853 in 2006. Over one
million adults are currently falling behind with
payments and a further two million are constantly
struggling.
Citizens Advice has dealt with 1.4million debt problems
in the past year - 11% up on the previous 12 months and
double the figure just eight years ago. This equates to
5,300 people a day seeking advice on debt problems.
Source of the above statistics:
Credit Action
In the past, poor credit ratings made it difficult for
people to arrange mortgage and remortgage finance.
Fortunately, times have moved on and a number of lenders
now offer mortgages to people including
First Time Buyers who have
the following bad credit
problems:
- Mortgage Arrears
- Loan Defaults
- County Court Judgements
- An Individual Voluntary
Arrangement (IVA)
- Discharged Bankruptcy
An Independent Adviser:
-
Can
arrange up to 100% Mortgages for
clients with unpaid CCJs more than
2 years old or fully paid CCJs more than 1 year old. CCJs
under £250 are ignored as are defaults under £100.
-
Can arrange more than 5 times joint
income provided the lender believes that you can afford the
repayments.
-
Can arrange
mortgages for self-employed clients with adverse credit and without proof of income.
-
Can complete all the
paperwork.
To find out how we can help please
complete our simple online
enquiry form
today and we will
contact you with a free no-obligation quote, so what
have you got to lose?
The overall cost for comparison for adverse credit
clients with proof of income is 7.8% APR.
The overall cost for comparison for adverse credit
clients without proof of income is 8.0% APR.
The
actual rate available will depend upon your circumstances. Please ask
for a personalised illustration.
We charge a broker fee of £995 to clients with a bad
credit rating.
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