Bad Credit Mortgage Refusal
If you have been hoping to get that all important Finance, to perhaps fund that all important home improvement, take that needed holiday, or to buy that new car, and have not suceeded then we can help you. If you have been refused a Finance and have been looking around for similar rates with no success then by now you may be feeling confused and frustrated.
More and more people in the UK are giving in to Finance with the ever shrinking interest rates available, more and more lenders are offering Finance with competitive interest rates, and with quick applications and availability its no wonder more people are looking for a Finance.
But with the success comes the unsuccessful, lots of people are turned away and refused a Finance, simply because they do not have enough affordability, with a credit record showing at least some sort of bad credit. Lenders are more wary about lending to people who dont have a spic and span reputation of making repayments, and whats worse, this can affect your interest rate by a great deal, so we understand why being refused a Finance can be very frustrating.
There are specialist lenders out there who specialise with people who have been refused a Finance elsewhere. But, as a guide, always seek the advice of an independant financial adviser before making any Finance application.
Borrowing in the UK
You could end up locked into a financial commitment with high interest rates exceeding 30% APR, meaning you could be paying back over a third of the Finance on top of what you borrow.
Being refused a Finance elsewhere does not automatically subject you to high interest rates, there are things to consider when taking a Finance. There could be items on your credit file that make all the difference to your Finance applications.
Here at a mortgage 4 you our financial advisers can help you find the best Finance rate with successful approval, it is always wise to have looked across the market, as you may unearth an interest rate far better then those put forward to you.
So if you have been refused a Finance because of bad credit, refused a Finance because of ccjs or refused a Finance because of any other financial problem then give us a call today on 0845 2 605 506 .
If you are looking for an unsecured Finance then the easiest way to do this is to ensure your credit history is in order before applying for a Finance. An unsecured Finance is based upon your credit history, therfore too many red marks on your credit file will be enough to have you refused a Finance.
Secured Finance are easier to be accepted on, and usually offer more money, in exchange you secure the Finance against your property, therfore blemishes on your credit file do not carry as much as importance as that on an unsecured Finance.
