If you think you're a lost cause and no one can help, think again. Nothing gives us more pleasure than to show you that not all lender's are the same, and it's those lenders that we have built up our special relationships with in order that we can say to you yes! We arrange mortgages for people in all sorts of different circumstances whether it be past or present bad credit, short time in self employment or even your age that has been a problem, whatever you do don't despair - WE CAN HELP.
The mortgage lender will consider five main factors:
- The information on your application form
- Past experience – if you have dealt with them before
- If you fit their lending criteria and customer profile
- Your credit report
- If you are appear able to afford the mortgage
Your credit report
A credit report follows you throughout your life, your credit report includes a long record of financial transactions from credit cards and loans to your repayment reputation. If you have been refused a mortgage or credit elsewhere it can usually boil down to the fact that your credit report identifies poor repayments or too much outstanding debt. Every missed loan or credit card repayment will be recorded on your credit report and will lead to lenders rejecting your applications.
This is where we can help, we can find you a lender if you have been refused elsewhere for credit or a mortgage, even if you have a poor repayment history or adverse credit we can still assist you. The credit report also confirms wether or not you are on the electoral roll at your current address and how many times your credit report has been checked. Each time you apply for a loan, mortgage or other financial service a footprint is left on the record, being declined by various lenders will leave negative footprints across your credit report which will make it even harder to qualify for any loan or mortgage.
So you have been refused elsewhere for a mortgage credit or finance and need a solution, we wont let previous refusals get in the way of you applying. Our expertise covers people being refused elsewhere by lenders and brokers.
You may have been refused a loan because of bad or adverse credit, why you may ask? You may now think that getting a loan such as a mortgage, or credit card is going to be difficult, if you have been refused elsewhere you will naturally feel that there is no options out there for you. This isn't always the case as there are areas in the market that specialise and can deal with you regardless of your circumstances. Having been refused elsewhere does not mean you will never be able to borrow again. There are many specialist lenders who will be glad to look at your situation.
Even if you have fairly serious problems with your credit history such as bankruptcy, property repossession or ccjs (county courts) there is always some organisation that will consider your application, whether it be a mortgage or large loan. You probably won't get offers of credit from the mainstream lenders but you also don't need to assume you have to take whatever credit arrangement is offered.
Don't give up! if you have been refused elsewhere, there is always an alternative path.
These days there are a number of various mortgage lenders, who cater for non standard Mortgages and will deal with each case on an individual basis. Some of them are independant, others are owned by high street banks and building societies. All of them offer viable mortgage alternatives for those prospective borrowers who may not fit the standard mould. 'Non-standard' can cover a range of different borrower types.
Here at A Mortgage 4 You, we have helped people with all different circumstances of which have lead them to being refused elsewhere for a mortgage or a loan. Having impaired credit alone is enough for a mainstream highstreet lender to refuse you. We have access to the whole market which means we can find a lender for you. It is always best to seek the advice of an independant financial adviser before proceeding with any mortgage or loan decision.
We understand that you may feel frustrated having been refused elsewhere, if you feel like you are stuck, have no where to go or don't know what to do, then look no further then A Mortgage 4 You.
If you have been refused elsewhere for a mortgage, then give us a call today on 0845 2 605 506 to see how we can turn your situation around.
