Did you know that an estimated one in four British people do not qualify for a standard mortgage with a high street lender? Reasons may include:

• County Court Judgements (CCJ’s)
• Mortgage arrears
• Loan arrears
• Rent arrears
• Decrees (Scotland)
• Bankruptcy
• I.V.A.

Some mortgage lenders may also turn you down if you are self employed and do not have 3 years audited accounts.

Fortunately, these circumstances need no longer be a barrier to obtaining a great mortgage deal. As a specialist mortgage broker we can organise a wide range of “adverse credit mortgages” and our select panel of lenders will consider lending to you if you either have an adverse credit history or you just can’t prove your income.

Please read through the Frequently Asked Questions below, or contact us if you would like to find out more.

What is an "adverse credit mortgage"?

Adverse credit mortgages are mortgages which are made available to applicants who are for various reasons ineligible for standard high street mortgage product – you may also hear them referred to as:

• Bad credit mortgage
• Non status mortgage
• Sub prime mortgage
• Non standard mortgage
• Poor credit mortgage
• Credit impaired mortgage

When can I apply for an adverse credit mortgage?

You can apply for an adverse credit mortgage with us if you are considering any of the following:-

• Purchase a property
• Remortgage
• Buying to Let
• Letting to Buy
• Right to Buy (Council Purchase)
• Secured loan / Homeowner loan

Why would a lender grant a mortgage if I have adverse credit history?

Mortgage lenders will evaluate the risk factor of lending money to an individual on a sliding scale of risk and make a decision on whether they are likely to get their money back with interest without any problems. Some lenders therefore will simply not lend to ‘high risk’ category borrowers. Others will, and will adjust their interest rates accordingly to take account of the higher risk.

Although initially you may pay a higher rate of interest, the good news is that in a short period of time your credit history may have considerably improved, enabling you to remortgage from an adverse credit mortgage to a more favourable deal later on. As with all our clients, we will continue to work with you to obtain the best deal, and will advise on the appropriate time for you to consider a remortgage.

The overall cost for comparison is 6.8% APR

This is intended as a guide only - other criteria may apply, and we can advise on any special terms and conditions which your selected lender may wish to impose at the time of application.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.