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 – 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 – 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 – 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 expenditure
If you’re 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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Our expert team have access to a comprehensive panel of lenders, ensuring we find the right mortgage solution tailored to your needs.
We`ll guide you every step of the way, answering your questions and making the process as painless as possible. But don`t just take our word for it, here`s what Bella had to say:
"The service Andy provided was flawless. Andy is super efficient, extremely knowledgeable & personable. He was always available to answer any questions I had throughout the process & helped me get the best mortgage possible allowing me to buy my new home.
Thank you so much Andy for all your help, advice & support."
Want to see more? Tap the link in our bio.
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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.
...
#mortgageadvisor #nobrokerfee #dorset #dorsetbusiness #ukmortgages #mortgagespecialists
Our expert team have access to a comprehensive panel of lenders, ensuring we find the right mortgage solution tailored to your needs.
We`ll guide you every step of the way, answering your questions and making the process as painless as possible. But don`t just take our word for it, here`s what Bella had to say:
"The service Andy provided was flawless. Andy is super efficient, extremely knowledgeable & personable. He was always available to answer any questions I had throughout the process & helped me get the best mortgage possible allowing me to buy my new home.
Thank you so much Andy for all your help, advice & support."
Want to see more? Tap the link in our bio.
...
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.
...
#mortgageadvisor #nobrokerfee #dorset #dorsetbusiness #ukmortgages #mortgagespecialists
Upsizing can be expensive, so it`s crucial to know your budget and what kind of property you can actually afford.
When it comes to mortgages, it may be tempting to stick with your current lender, but it`s wise to explore your options. Because shopping around can pay off big time!
Even a mortgage with slightly better terms could save you thousands down the road or provide you with more flexible and affordable ways to pay it off ahead of time.
If you`d like to discuss your mortgage options with one of our experts, give us a call on 0800 612 5596. We don`t charge a broker fee!
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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.
...
#upsizing #movinghome #devonproperty #savingmoney #mortgagebroker
Upsizing can be expensive, so it`s crucial to know your budget and what kind of property you can actually afford.
When it comes to mortgages, it may be tempting to stick with your current lender, but it`s wise to explore your options. Because shopping around can pay off big time!
Even a mortgage with slightly better terms could save you thousands down the road or provide you with more flexible and affordable ways to pay it off ahead of time.
If you`d like to discuss your mortgage options with one of our experts, give us a call on 0800 612 5596. We don`t charge a broker fee!
...
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.
...
#upsizing #movinghome #devonproperty #savingmoney #mortgagebroker
Just look at those smiley faces! We love keeping our fingers on the pulse, and last month was no exception.
Our compliance company runs conferences and roadshows that allow us to meet with lenders and stay up to date on all things mortgages. It enables us to continue being experts in helping you find the right mortgage for you!
Because our team`s scattered across the South West some went to Southampton and some to Bristol. Here`s Kelly, Michael and Ashley enjoying the Southampton roadshow!
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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.
...
#southampton #southcoastuk #mortgagebroker #mortgageuk #mortgagespecialists #hlpartnership #nobrokerfee
Just look at those smiley faces! We love keeping our fingers on the pulse, and last month was no exception.
Our compliance company runs conferences and roadshows that allow us to meet with lenders and stay up to date on all things mortgages. It enables us to continue being experts in helping you find the right mortgage for you!
Because our team`s scattered across the South West some went to Southampton and some to Bristol. Here`s Kelly, Michael and Ashley enjoying the Southampton roadshow!
...
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.
...
#southampton #southcoastuk #mortgagebroker #mortgageuk #mortgagespecialists #hlpartnership #nobrokerfee
🏡 Ready to build your dream home? You`ll need a self-build mortgage that`s right for you...
With most self-build mortgages, the money is paid out after each stage of completion. But did you know that some self-build mortgages release the money required at the start of each stage?
This is particularly useful if you don`t have the cash up front to pay your builders or buy materials.
Interest rates on self-build mortgages tend to be higher than on standard mortgages, so it`s important to shop around before you decide which mortgage is right for you.
Let us help you find the right self-build mortgage to make your dream home a reality!
Send us a message, or give us a call on 0800 612 5596
...
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.
...
#selfbuildjourney #buildingourhome #buildingahouse #selfbuildhomes #housegoals #selfbuilduk #newbuildjourney #mortgagebroker #mortgagetips #southcoastuk
🏡 Ready to build your dream home? You`ll need a self-build mortgage that`s right for you...
With most self-build mortgages, the money is paid out after each stage of completion. But did you know that some self-build mortgages release the money required at the start of each stage?
This is particularly useful if you don`t have the cash up front to pay your builders or buy materials.
Interest rates on self-build mortgages tend to be higher than on standard mortgages, so it`s important to shop around before you decide which mortgage is right for you.
Let us help you find the right self-build mortgage to make your dream home a reality!
Send us a message, or give us a call on 0800 612 5596
...
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.
...
#selfbuildjourney #buildingourhome #buildingahouse #selfbuildhomes #housegoals #selfbuilduk #newbuildjourney #mortgagebroker #mortgagetips #southcoastuk
We`ll help you navigate every stage of finding and applying for a mortgage, including all the paperwork! Leaving you to enjoy the experience of buying your new home 💫
The best bit? We don`t charge a broker fee!
Send us a DM or give us a call on 0800 612 5596.
...
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.
...
#homebuyer #movinghouses #homebuyingprocess #homebuyersguide #housemovers #buyingahome #ukproperty
We`ll help you navigate every stage of finding and applying for a mortgage, including all the paperwork! Leaving you to enjoy the experience of buying your new home 💫
The best bit? We don`t charge a broker fee!
Send us a DM or give us a call on 0800 612 5596.
...
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.
...
#homebuyer #movinghouses #homebuyingprocess #homebuyersguide #housemovers #buyingahome #ukproperty
Life can get pretty busy, so we offer out-of-hours appointments that work for you. Whether it`s an evening or a weekend, in person or over the phone, we`re here when you need us.
Tap the link in our bio to learn more.
...
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.
...
#wellingtonsomerset #southcoastuk #mortgagebroker #mortgageuk #mortgagespecialists #nobrokerfee
Life can get pretty busy, so we offer out-of-hours appointments that work for you. Whether it`s an evening or a weekend, in person or over the phone, we`re here when you need us.
Tap the link in our bio to learn more.
...
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.
...
#wellingtonsomerset #southcoastuk #mortgagebroker #mortgageuk #mortgagespecialists #nobrokerfee
Although a mortgage is a long-term financial commitment, you don’t have to stay with the same product or lender for the whole term.
In fact, you should regularly review your mortgage, making sure it`s still suitable for your needs and the rate remains competitive.
We can help you assess whether things have changed since you took your original mortgage or are likely to change in the future. And offer advice on the suitability of your current mortgage.
Send us a DM or call us on 0800 612 5596 to chat to one of our mortgage advisors.
...
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.
...
#homeownerlife #homeownertips #mortgageuk #mortgageadvice #mortgageexperts #mortgagetips
Although a mortgage is a long-term financial commitment, you don’t have to stay with the same product or lender for the whole term.
In fact, you should regularly review your mortgage, making sure it`s still suitable for your needs and the rate remains competitive.
We can help you assess whether things have changed since you took your original mortgage or are likely to change in the future. And offer advice on the suitability of your current mortgage.
Send us a DM or call us on 0800 612 5596 to chat to one of our mortgage advisors.
...
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.
...
#homeownerlife #homeownertips #mortgageuk #mortgageadvice #mortgageexperts #mortgagetips
While contents insurance might offer some protection for items away from home, it`s usually limited and doesn`t cover all losses.
That`s where Personal Possessions Insurance comes in - typically offering full-value protection for things like phones, laptops, headphones, and cameras, no matter where you are.
Unsure what your current policy covers? Give Kelly, our insurance advisor, a call. She`ll review your policy and make sure you`re fully protected. And if you need additional coverage, she`ll help you find the right fit for your needs.
...
#personalpossessionsinsurance #contentsinsurance #homeownerhacks #insurancetips #insurancebroker #dorsetlife
While contents insurance might offer some protection for items away from home, it`s usually limited and doesn`t cover all losses.
That`s where Personal Possessions Insurance comes in - typically offering full-value protection for things like phones, laptops, headphones, and cameras, no matter where you are.
Unsure what your current policy covers? Give Kelly, our insurance advisor, a call. She`ll review your policy and make sure you`re fully protected. And if you need additional coverage, she`ll help you find the right fit for your needs.
...
#personalpossessionsinsurance #contentsinsurance #homeownerhacks #insurancetips #insurancebroker #dorsetlife
Meet Andrew (a.k.a. The Boss)
With a 25-year career in the British Army, Andrew launched YES Mortgage Services in 2014.
No stranger to the beautiful South Coast, Andrew bought his first house in Bovington and has called it home ever since. Now, he`s helping others get onto the property ladder from our Main Office in Mannington!
When he`s not hard at work, Andrew is a family man – happily married to Amanda and proud father of James and Jacob.
Their weekends are filled with exciting family adventures and cheering on their favourite rugby teams. As a die-hard fan, Andrew eagerly awaits the Army v Navy match every year!
With his extensive knowledge and passion for all things mortgage, Andrew helps make the process stress-free and easy to understand.
Meet the rest of our team via the link in our bio.
...
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.
...
#bournemouthbusiness #southcoastuk #mortgagebroker #mortgageuk #mortgagespecialists #nobrokerfee
Meet Andrew (a.k.a. The Boss)
With a 25-year career in the British Army, Andrew launched YES Mortgage Services in 2014.
No stranger to the beautiful South Coast, Andrew bought his first house in Bovington and has called it home ever since. Now, he`s helping others get onto the property ladder from our Main Office in Mannington!
When he`s not hard at work, Andrew is a family man – happily married to Amanda and proud father of James and Jacob.
Their weekends are filled with exciting family adventures and cheering on their favourite rugby teams. As a die-hard fan, Andrew eagerly awaits the Army v Navy match every year!
With his extensive knowledge and passion for all things mortgage, Andrew helps make the process stress-free and easy to understand.
Meet the rest of our team via the link in our bio.
...
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.
...
#bournemouthbusiness #southcoastuk #mortgagebroker #mortgageuk #mortgagespecialists #nobrokerfee
More and more investors are deciding to buy properties within a Limited Company to keep things tax efficient.
But when it comes to refinancing or purchasing a new investment property, the process of getting a mortgage can feel challenging.
But not anymore!
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.
Visit our website to learn more (🔗 in bio)
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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.
Before pursuing Limited Company Buy To Let we recommend you seek advice from a tax expert.
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#buytolet #mortgageadvice #mortgagebroker #propertyinvestment #limitedcompanybuytolet #propertyinvesting #buytoletmortgage
More and more investors are deciding to buy properties within a Limited Company to keep things tax efficient.
But when it comes to refinancing or purchasing a new investment property, the process of getting a mortgage can feel challenging.
But not anymore!
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.
Visit our website to learn more (🔗 in bio)
...
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.
Before pursuing Limited Company Buy To Let we recommend you seek advice from a tax expert.
...
#buytolet #mortgageadvice #mortgagebroker #propertyinvestment #limitedcompanybuytolet #propertyinvesting #buytoletmortgage
All lenders have different forms of acceptable income.
Your salary is an obvious form of income. But there are some lenders who will accept alternative forms of income and not just your salary, things like;
👉 Zero hours contacts
👉 Foster parent income
👉 Rental income
👉 DWP income & allowances
👉 Irregular commission
👉 Bonuses & shift allowances
By discussing your whole situation and income with one of our Mortgage Advisors, we can explain which lenders are most likely to accept your income.
Give us a call on 0800 612 5596 or tap the link in our bio to learn more.
...
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.
...
#buyingahouse #homebuyersguide #moneyeducation #housebuying #mortgagetips #mortgageadvice
All lenders have different forms of acceptable income.
Your salary is an obvious form of income. But there are some lenders who will accept alternative forms of income and not just your salary, things like;
👉 Zero hours contacts
👉 Foster parent income
👉 Rental income
👉 DWP income & allowances
👉 Irregular commission
👉 Bonuses & shift allowances
By discussing your whole situation and income with one of our Mortgage Advisors, we can explain which lenders are most likely to accept your income.
Give us a call on 0800 612 5596 or tap the link in our bio to learn more.
...
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.
...
#buyingahouse #homebuyersguide #moneyeducation #housebuying #mortgagetips #mortgageadvice
Tired of trawling through mortgage deals?
Let us guide you through your options and help you find the right mortgage for your needs.
We have access to a comprehensive panel of lenders to ensure we research the most suitable mortgage solution for your situation.
And we`ll be by your side every step of the way, from understanding your financial situation to guiding you through the mortgage application process.
The best bit? We don`t charge a broker fee!
Get in touch for a chat on 0800 612 5596 or tap the link in our bio to learn more!
...
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.
...
#mortgageadvisor #nobrokerfee #dorset #dorsetbusiness #ukmortgages #mortgagespecialists
Tired of trawling through mortgage deals?
Let us guide you through your options and help you find the right mortgage for your needs.
We have access to a comprehensive panel of lenders to ensure we research the most suitable mortgage solution for your situation.
And we`ll be by your side every step of the way, from understanding your financial situation to guiding you through the mortgage application process.
The best bit? We don`t charge a broker fee!
Get in touch for a chat on 0800 612 5596 or tap the link in our bio to learn more!
...
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.
...
#mortgageadvisor #nobrokerfee #dorset #dorsetbusiness #ukmortgages #mortgagespecialists
