What is Bad Credit?

Bad credit is a term that refers to impairment to a credit file. There are many different types of bad credit – such as County Court Judgements and loan arrears – each of which can affect a credit file in different ways. Mortgage lenders recognise this and have several different categories of bad credit such as light, medium, and heavy adverse.

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What is a Bad Credit Mortgage?

Bad credit mortgages and remortgages are designed for home owners who suffer from at least one form of bad credit. Different mortgages have been designed for borrowers who fit into the various categories meaning that it can be difficult to know which products you are eligible to apply for unless you receive independent advice.

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Bad Credit Mortgages

If you suffer from bad credit and need a mortgage we can help. Millions of home owners suffer from bad credit and are unable to apply for prime mortgage or remortgage products. To cater for the needs of this large and growing market lenders offer home owners with impaired credit files a wide range of bad credit mortgages to choose from.

The market for bad credit mortgages and remortgages is highly sophisticated and can be confusing. There are many factors to consider when choosing a product including application fees, early repayment charges, restrictions, and interest rates. Because of this it is wise to speak to an independent mortgage broker who specialises in bad credit mortgages. Submit your details through our online form to be matched with an independent mortgage advisor who will consider your specific requirements and help select the right product for you.

Contact us today about Bad Credit Mortgages