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Can You Get a Mortgage With Historic Credit Problems?

Credit Problems

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... 

Speak soon,

 

 

 

 

 

 

 

 

 

 

 

 

https://themoneycharity.org.uk/money-statistics/

Contact Me Directly 

David Tarry MBA

Merewood Financial Services

57 Park Road

Cowes

United Kingdom

PO31 7LY

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Or Call 01983 875151 - 0207 867 3990 - 0771 476 2597

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Merewood Financial Services is a trading style of David Tarry, who is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority.  Telephone calls made to Merewood Financial Services and/or The Right Mortgage Ltd may be recorded and used for training and/or regulatory purposes.

Your home may be repossessed if you do not keep up repayments on your mortgage.  

Please ensure that you can afford the repayments before entering into a credit agreement.

We are not authorised to provide advice on Investments, Tax Advice, Pensions and Savings but can refer customers to a specialist who can assist in this area. The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.  

Some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority.

No fee is payable for our service in relation to mortgage contracts. We will be paid commission by the lender; the amount of the commission due to be paid is available upon request and will be disclosed via the mortgage illustration.

©2021 by Merewood Financial Services.