Poor or Adverse Credit
It can feel challenging when you are trying to get a mortgage, but this can feel so much harder when you have what is often referred to as bad, poor or adverse credit. Although it should be noted it is not impossible.
There are a number of Mortgage Lenders who actually approve mortgage applications manually and realise that sometimes life can throw us curve balls meaning our credit scores decline.
The type of words you might hear in relation to bad credit, are things like CCJ, IVA, Debt Management plans, bankruptcy or missed payments β none of which preclude you from getting a mortgage, but it can feel a little more tricky and daunting.
We understand that finding a Mortgage Lender who is prepared to lend you money may not be easy, often the paperwork is confusing and rather complicated β so we aim to help guide you through this process and get a mortgage application approved. We take the time to know which Lenders will listen to your reasoning and process your application accordingly.
Bad Credit Mortgages
You may have seen people talk about getting a bad credit mortgage. Officially, bad credit mortgages do not exist, the term is used to describe mortgages for which you are likely to be approved if you have a bad, poor or an adverse credit rating.
This type of mortgage, generally comes with higher interest rates, allowing lenders to offset the risk of lending money to someone with a previous bad credit rating, they may also could include some additional restrictions such as a maximum age limit for the person applying.
Do not panic β if you have bad credit you may still be able to get a mortgage
The term bad credit is used to describe a person who has a poor, low or adverse credit rating, either because they have no credit history, or because the credit history includes late payments, missing payments, CCJs, bankruptcy, debt management plans, or debt relief orders. So yes you may be able to get a mortgage but there are a number of things that will need to checked first.
Firstly we will do an Affordability Assessment, something every person going for a mortgage either standard or with bad credit has to do. A Mortgage Lender wants to see that you can realistically afford to pay back the mortgage loan. An affordability assessment takes into account:
- Credit score and report
- Employment status, level of income
- Any other sources of income
- Money available including savings
- Level of Debt
- Whether you live within your means (are you always in your overdraft?)
- Monthly expenditureΒ
If youβre looking for a bad credit mortgage because you have bad, poor or adverse credit and want to find out more about how we can help you get a mortgage in order to buy a house, arrange to talk to one of our Advisors who will talk you through the process and the next steps.
Read some of our blogs specifically about Poor or Adverse Credit
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More and more investors are buying properties within a Limited Company to keep things tax efficient. β£
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But when it comes to refinancing or purchasing your new investment property, the process of getting a mortgage can feel challenging.β£
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Not anymore!β£
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Our Specialist Mortgage Advisors know which Mortgage Lenders are used to working with Limited Company Buy to Let portfolios. They`ll find you the most suitable deal and save you time and money by managing your mortgage application from start to finish. β£
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Visit our website to learn more (π in bio)β£
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
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Before pursuing Limited Company Buy To Let we recommend you seek advice from a tax expertβ£
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#limitedcompanybuytolet #ukpropertyinvestors #ukpropertyinvestor #landlordsuk #landlordsecrets #investmentproperty #ukpropertyinvesting
More and more investors are buying properties within a Limited Company to keep things tax efficient. β£
β£
But when it comes to refinancing or purchasing your new investment property, the process of getting a mortgage can feel challenging.β£
β£
Not anymore!β£
β£
Our Specialist Mortgage Advisors know which Mortgage Lenders are used to working with Limited Company Buy to Let portfolios. They`ll find you the most suitable deal and save you time and money by managing your mortgage application from start to finish. β£
β£
Visit our website to learn more (π in bio)β£
β£
...β£
β£
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
Before pursuing Limited Company Buy To Let we recommend you seek advice from a tax expertβ£
β£
...β£
β£
#limitedcompanybuytolet #ukpropertyinvestors #ukpropertyinvestor #landlordsuk #landlordsecrets #investmentproperty #ukpropertyinvesting
We believe in providing quality financial advice to everyone, regardless of their financial status. β£
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That`s why we don`t charge a broker fee π€©β£
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We`ll look after you for the lifetime of your mortgage/home ownership, ensuring you never pay more than you should on your loan. Whether you`re remortgaging, moving home, or making any subsequent property purchase, we`ve got you covered.β£
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Visit our website (π in bio) to learn more.β£
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...β£
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
...β£
β£
#mortgagetips #mortgageexpert #devonproperty #bournemouthbusiness #southcoastuk #mortgagebroker #mortgageuk #ringwood #hampshireuk #mortgageadviser
We believe in providing quality financial advice to everyone, regardless of their financial status. β£
β£
That`s why we don`t charge a broker fee π€©β£
β£
We`ll look after you for the lifetime of your mortgage/home ownership, ensuring you never pay more than you should on your loan. Whether you`re remortgaging, moving home, or making any subsequent property purchase, we`ve got you covered.β£
β£
Visit our website (π in bio) to learn more.β£
β£
...β£
β£
β£
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
...β£
β£
#mortgagetips #mortgageexpert #devonproperty #bournemouthbusiness #southcoastuk #mortgagebroker #mortgageuk #ringwood #hampshireuk #mortgageadviser
Being self-employed has its perks, but when it comes to getting a mortgage, things can get a little tricky. But you don`t have to navigate this process alone.β£
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We have access to a wide range of lenders and a deep understanding of what each one looks for when it comes to self-employed mortgages. Meaning we can find the most appropriate lender for your circumstances and needs!β£
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And the best bit? We don`t charge a broker fee π€©β£
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If you`d like to chat with one of our advisors about self-employed mortgages give us a call on 0800 612 5596 or send us a DMβ£
...β£
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
...β£
β£
#selfemployedmortgage #selfemployedmortgages #selfemployed #dorsetbusiness #bournemouthbusiness
Being self-employed has its perks, but when it comes to getting a mortgage, things can get a little tricky. But you don`t have to navigate this process alone.β£
β£
We have access to a wide range of lenders and a deep understanding of what each one looks for when it comes to self-employed mortgages. Meaning we can find the most appropriate lender for your circumstances and needs!β£
β£
And the best bit? We don`t charge a broker fee π€©β£
β£
If you`d like to chat with one of our advisors about self-employed mortgages give us a call on 0800 612 5596 or send us a DMβ£
...β£
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
...β£
β£
#selfemployedmortgage #selfemployedmortgages #selfemployed #dorsetbusiness #bournemouthbusiness
A JSPB mortgage enables you to accept the financial support of your family while retaining a sense of independence through sole ownership of your property.β£
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If you`d like to chat with one of our advisors about Joint Borrower Sole Proprietor Mortgages or buying your first home, give us a call on 0800 612 5596 or send us a DMβ£
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
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...β£
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#firsttimebuyeruk #firstimehomebuyers #propertyladder #firsttimehomeowners #firsttimebuyertips #JSPBmortgage
A JSPB mortgage enables you to accept the financial support of your family while retaining a sense of independence through sole ownership of your property.β£
β£
If you`d like to chat with one of our advisors about Joint Borrower Sole Proprietor Mortgages or buying your first home, give us a call on 0800 612 5596 or send us a DMβ£
β£
...β£
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
...β£
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#firsttimebuyeruk #firstimehomebuyers #propertyladder #firsttimehomeowners #firsttimebuyertips #JSPBmortgage
First impressions count - make your home stand out and attract those potential buyers with these simple tips.β£
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First impressions count - make your home stand out and attract those potential buyers with these simple tips.β£
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Found this useful? Remember to tap save!β£
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#loveproperty #houseselling #movehouse #sellmyhome #sellinghometips #propertymarket
Life throws curveballs, don`t let a leaky roof be one! Building insurance provides peace of mind knowing your home`s structure is covered. Talk to Kelly, our insurance advisor, to find the right coverage for your mortgage.β£
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Get in touch on 0800 612 5596 or tap the link in our bio.β£
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#buildingsinsurance #protectyourhome #dorsetlife #insurancebrokers #insuranceadvisor #dorsetbusinessowners
Life throws curveballs, don`t let a leaky roof be one! Building insurance provides peace of mind knowing your home`s structure is covered. Talk to Kelly, our insurance advisor, to find the right coverage for your mortgage.β£
β£
Get in touch on 0800 612 5596 or tap the link in our bio.β£
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#buildingsinsurance #protectyourhome #dorsetlife #insurancebrokers #insuranceadvisor #dorsetbusinessowners
Connor joined our team back in July 2017! He`s lived all around the Southwest, from Cornwall to Bristol, and now he`s found his sweet spot in Wellington, Somersetβright between the two!β£
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When he`s not crunching numbers, you`ll find him whipping up some delicious dishes, hosting get-togethers with friends and family or enjoying the delights at his local cider farmπΊπΏβ£
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All of our mortgage advisors (Connor included) are ready to help you whether you`re looking to remortgage, buy your first home, or upgrade to a new one. The best bit is we don`t charge a broker fee! Get in touch on 0800 612 5596 or send us a DMβ£
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
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#ukmortgage #mortgagesuk #wellingtonsomerset #mortgageexperts #westcountry
Connor joined our team back in July 2017! He`s lived all around the Southwest, from Cornwall to Bristol, and now he`s found his sweet spot in Wellington, Somersetβright between the two!β£
β£
When he`s not crunching numbers, you`ll find him whipping up some delicious dishes, hosting get-togethers with friends and family or enjoying the delights at his local cider farmπΊπΏβ£
β£
All of our mortgage advisors (Connor included) are ready to help you whether you`re looking to remortgage, buy your first home, or upgrade to a new one. The best bit is we don`t charge a broker fee! Get in touch on 0800 612 5596 or send us a DMβ£
β£
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...β£
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
...β£
β£
#ukmortgage #mortgagesuk #wellingtonsomerset #mortgageexperts #westcountry
We`re flying the flag for Somerset! β£
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With a team spread across the Southwest, we`re proudly celebrating #SomersetDay and sending a special shoutout to our amazing mortgage advisor, Connor, who`s lucky enough to live there.β£
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Let`s have a bit of fun - how many of these places can you name? Share your score in the comments πβ£
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We`re flying the flag for Somerset! β£
β£
With a team spread across the Southwest, we`re proudly celebrating #SomersetDay and sending a special shoutout to our amazing mortgage advisor, Connor, who`s lucky enough to live there.β£
β£
Let`s have a bit of fun - how many of these places can you name? Share your score in the comments πβ£
β£
β£
...β£
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#somersetlife #loveforsomerset #visitsomerset #somerset #somersetday
So you`ve found your dream home and now it`s time to apply for a mortgage. Here`s what a lender will usually want to know:β£
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π Your income, including any pensions, investments or financial support you receive (e.g. child benefit)β£
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π Your other financial commitments like household bills, overdraft payments and whether you have any children.β£
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π Any potential lifestyle changes that might affect your ability to make repayments in the future, such as having a baby, taking redundancy, or returning to education.β£
β£
π To prove your incomings and outgoings, you`ll need to provide payslips, tax forms, and details of any financial arrangements you have (e.g. car payments, paying off your student loan, pension contributions). You`ll also need to show household bills, council tax bills, insurance paperwork, and any invoices for childcare.β£
β£
Don`t worry if this sounds overwhelming - our team of experts is here to guide you through the process. Give us a call at 0800 612 5596 or visit our website (π in bio) to learn more.β£
β£
β£
...β£
β£
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
...β£
β£
#firsttimebuyeruk #firstimehomebuyers #propertyladder #firsttimehomeowners #firsttimebuyertips
So you`ve found your dream home and now it`s time to apply for a mortgage. Here`s what a lender will usually want to know:β£
β£
π Your income, including any pensions, investments or financial support you receive (e.g. child benefit)β£
β£
π Your other financial commitments like household bills, overdraft payments and whether you have any children.β£
β£
π Any potential lifestyle changes that might affect your ability to make repayments in the future, such as having a baby, taking redundancy, or returning to education.β£
β£
π To prove your incomings and outgoings, you`ll need to provide payslips, tax forms, and details of any financial arrangements you have (e.g. car payments, paying off your student loan, pension contributions). You`ll also need to show household bills, council tax bills, insurance paperwork, and any invoices for childcare.β£
β£
Don`t worry if this sounds overwhelming - our team of experts is here to guide you through the process. Give us a call at 0800 612 5596 or visit our website (π in bio) to learn more.β£
β£
β£
...β£
β£
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
...β£
β£
#firsttimebuyeruk #firstimehomebuyers #propertyladder #firsttimehomeowners #firsttimebuyertips
Just because your current mortgage lender worked for you in the past doesn`t mean it`s still the best fit for your current needs...β£
β£
By exploring what other lenders have on offer, you might discover better deals that are more suited to your current needs!β£
β£
Whether you`re looking to save money, release equity, or consolidate debt, we`re here to guide you through the remortgage process. β£
β£
Give us a call on 0800 612 5596 - our advice to you is FREE!β£
β£
...β£
β£
β£
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
...β£
β£
#remortgageuk #houseowner #homeownerlife #homeownertips #howtosavemoney #houseaddictive
Just because your current mortgage lender worked for you in the past doesn`t mean it`s still the best fit for your current needs...β£
β£
By exploring what other lenders have on offer, you might discover better deals that are more suited to your current needs!β£
β£
Whether you`re looking to save money, release equity, or consolidate debt, we`re here to guide you through the remortgage process. β£
β£
Give us a call on 0800 612 5596 - our advice to you is FREE!β£
β£
...β£
β£
β£
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
...β£
β£
#remortgageuk #houseowner #homeownerlife #homeownertips #howtosavemoney #houseaddictive
If you`re a member of the Armed Forces and need mortgage advice - we`re here to support you.β£
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We`re a team of (ex-military) Mortgage Advisors, who understand the pressures you face and speak your language - from the terminology to the banter of service life. β£
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We can even read military pay statements! β£
β£
Visit our website to learn more (π in bio) or give us a call on 0800 612 5596.β£
β£
β£
...β£
β£
β£
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
...β£
β£
#armedforces #militaryfamily #ukarmedforces #ukmilitary #ukveterans #forcesfamilies #ukveteranowned #mortgagebroker
If you`re a member of the Armed Forces and need mortgage advice - we`re here to support you.β£
β£
We`re a team of (ex-military) Mortgage Advisors, who understand the pressures you face and speak your language - from the terminology to the banter of service life. β£
β£
We can even read military pay statements! β£
β£
Visit our website to learn more (π in bio) or give us a call on 0800 612 5596.β£
β£
β£
...β£
β£
β£
Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.β£
β£
...β£
β£
#armedforces #militaryfamily #ukarmedforces #ukmilitary #ukveterans #forcesfamilies #ukveteranowned #mortgagebroker
Worried about the unexpected?β£
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Income protection insurance can provide you with a monthly income to replace any lost income if an accident or sickness keeps you from working.β£
β£
But do you really need it? β£
β£
The truth is, no one likes to think about the what-ifs, but it`s always better to be cautious and ensure you`re well-covered. You can breathe a little easier, knowing that your financial well-being is safeguarded.β£
β£
If you`d like help in finding the right policy for you, our insurance advisor Kelly is on hand. Send us a message, or call us on 0800 612 5596.β£
β£
β£
...β£
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#incomeprotection #financialplanning #moneylessons #mortgagebrokers #mortgageprotection
Worried about the unexpected?β£
β£
Income protection insurance can provide you with a monthly income to replace any lost income if an accident or sickness keeps you from working.β£
β£
But do you really need it? β£
β£
The truth is, no one likes to think about the what-ifs, but it`s always better to be cautious and ensure you`re well-covered. You can breathe a little easier, knowing that your financial well-being is safeguarded.β£
β£
If you`d like help in finding the right policy for you, our insurance advisor Kelly is on hand. Send us a message, or call us on 0800 612 5596.β£
β£
β£
...β£
β£
#incomeprotection #financialplanning #moneylessons #mortgagebrokers #mortgageprotection
