ADVERSE CREDIT MORTGAGES
In recent years, getting a mortgage has become more and more difficult not only due to increased house prices but also the tighter criteria imposed by lenders following the mortgage market review and more recently the impact of the Pandemic.
No matter what size of deposit you have, if you have a poor credit rating it can often feel very disheartening when trying to obtain a mortgage.
Having a mortgage application rejected will worsen your overall credit score. Therefore, if you feel you may struggle to obtain a mortgage due to issues with your credit history, you should seek advice from a mortgage broker before making an application.
At Stratford Mortgage Solutions we treat every client as an individual and aim to make it easier for those with adverse credit to secure a mortgage, whether you’re a first-time buyer or a homeowner looking to remortgage or move to reduce your outgoings and address your financial position.
WHAT CAUSES ADVERSE CREDIT?
There are a number of factors that contribute to your credit score, some of the most common reasons people have poor credit ratings include:
-
Missing a loan, credit card or mortgage payment
-
CCJ's
-
Def
-
Having a current payday loan or history of payday loans
-
High debt to income ratio
-
Being declared bankrupt or entering into an individual voluntary arrangement (IVA)
MAKING IT EASIER TO FIND A LENDER WHO MAY CONSIDER YOUR APPLICATION
If you have adverse credit and are struggling to secure a mortgage, we can help. just give us a call on 07903 331172 or fill out a contact form and we will get back to you within 24 hours.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The initial consultation and sourcing of a mortgage is free. A Broker fee may be payable upon mortgage application. The total fee payable will depend on your circumstances, complexity of the application and loan amount, and this will be confirmed to you prior to any application.
Stratford Mortgage Solutions is a trading name of Robin Stratford who are an Appointed Representative of Primis Mortgage Network, a trading name of Advance Mortgage Funding Limited. Advance Mortgage Funding Limited is authorised and regulated by the Financial Conduct Authority. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Trading address - 8 Thorncombe Close, Bournemouth, Dorset, BH9 3QL