Money :: Mortgages - Bad Credit Mortgages

Sitemap Affiliate Media My Account About Us Contact Us

Need help? Call our helpline: 0800 072 72 84

Category

Money

Insurance

Utilities

Travel

Mobile Phones

Shopping

Motoring

Debt Management

Forum

Mortgage

Find the cheapest bad credit mortgage for your circumstances:

Even if you have a history of credit problems, there are many mortgage lenders who will appraise your circumstances and offer a mortgage regardless of previous payment difficulties.

What is classified as 'bad credit'?

Any history of poor credit usage can be regarded as bad credit, including previous mortgage arrears, non-payment (or late payment) of bills or credit cards, county court judgements (CCJs) and even bankruptcy.

Even though you may not have realised it at the time, there's a chance you may have a bad credit rating, which means a lender will need to take a fresh look at your credit status before proceeding with your mortgage application.

Will my mortgage be any different as a result? The mortgage you are likely to be offered if you have a history of bad debt is sometimes known as a sub-prime or non-standard mortgage. It is no different to a standard mortgage, except that it may be offered at a slightly higher rate.

Once you have been successful in obtaining your mortgage, your credit history immediately improves. As long as you keep up the repayments for a period of time, you will eventually be entitled to re-mortgage to a fully standard mortgage and therefore enjoy a wider range of options.

Loans


	Find the cheapest loan 4U

Mortgages


	Compare Thousands of Mortgages with switchit4u

Credit Cards


	Balance Transfer, 0% Purchases, Reward...

	Advertisement