Adverse or bad credit
Obtaining a mortgage with adverse or bad credit can be very difficult. It doesn’t help with some Mortgage Advisers telling you, “You have no chance”. This is something we are hearing more and more.
There is no hiding the fact lenders have a criteria which must be met before lending you money. They want some comfort that their money will be repaid. The good news is this criteria can vary significantly from lender to lender which means there could be a lender happy to lend to you taking into account your credit history. Post recession, there has been a rise in lenders willing to lend to people with credit who may struggle elsewhere. Infact there are some lenders who specialise in lending to such people. Salcey Mortgages is whole of market which means we have access to nearly all UK mortgage lenders and as a result we know which lenders could help you obtain a mortgage. We will take the time to speak to such lenders and give you an honest indication upfront of what chances you have of getting a mortgage. We will spend the time understanding what has caused credit issues and can then best present this to potential lenders.
If you have been refused by another broker – give us a call, even if it’s an informal chat and we can tell you over the phone if we think we can help or not.
We are able to help people with:
- Missed/Late Payments.
- and a combination of the above.