It depends...but why not start that journey with confidence by getting some expert advice from a mortgage specialist, who started work as a mortgage broker in 1999.
When it comes to getting a mortgage, most mainstream lenders only want to deal with those people who have faultless credit histories, perfect work records and adequate deposits. But the truth is that money problems can affect everyone. Credit problems can be linked to a loan default, missed payments, county court judgements or being a discharged bankrupt and with nearly 2,000 people per day approaching Citizen Advice Bureaux asking for help*, it's a problem that's evidenced across the UK .
Sometimes people get into debt through no fault of their own and, even if they’ve been to blame & want to sort things out, this can sometimes mean that people need debt consolidation to get things in order....and that's sometimes problematical in it's own right too.
However, there is some good news in that there are specialist lenders are willing to provide ‘credit repair’ type mortgages. Deals are unlikely to match standard mortgages, as lenders in this specialist market will charge higher rates, but at least it's an option that's available to the many people who may need some help.
Most of these lenders will look to reduce the interest rate if borrowers keep up a good payment record and after a few years, it may even be possible to switch back to a standard loan and get better rates again. Your application will be thoroughly vetted and the interest set according to your own situation.
I can't guarantee that I can get you what you're ideally looking for, but what I can guarantee you is that I'll always do my best for you.
So, look, whatever your situation, my advice in the first instance would be to get in touch, tell me what your situation is, ask me whatever questions you need to, and let's see if I can help you...