So your credit is adverse, you have defaults or ccj's and have been refused elsewhere so what to do?. Here at A Mortgage 4 You we can assist you in getting a mortgage even if you have a bad credit history. We class poor credit history as just that, history!. Applying for a mortgage with bad credit isn't always as easy as it is made out to be by certain brokers, but with us we offer full assistance right the way through your application.

So if you are looking to get a mortgage with bad credit (bad credit mortgage) then why not fill out our bad credit mortgage form or give us a call today on 0845 2 605 506.

Bad credit mortgages are for anyone having a problem remortgaging or getting a mortgage to buy a property due to bad credit issues such as ccj's or credit arrears. We can also help you remortgage to consolidate your bad debts.

It could be that you are in the circumstances of needing a bad credit mortgage Finance to buy your first home/property (first time buyer mortgage) and need to arrange a specialist bad credit mortgage due to defaults, ccj's or Finance arrears that stand currently or remain in your credit history.

Just because you have suffered credit problems in the past it does not mean you will be refused or penalised now. You will be delighted to know that there is a new breed of lenders with schemes to help people who would normally fail with High Street lenders.

Our lenders will judge each case on its merits and they are looking with a positive view to lend. We can arrange mortgage for clients who have had mortgage arrears, CCJ's, credit defaults, past bankruptcy/IVA or who have had a previous repossession.

Of course your previous credit record will impact on any scheme we can find for you but the good news is the more historical your problems are together with the size of the deposit or equity that you have in your property the more competitive your mortgage terms and conditions will be.

Having a bad credit history will mean that it will be difficult applying for mortgages and Finance with some lenders. However, at Michael J Alexander, as Independent Financial Advisers with over 40 years experience in financial services we have built up an excellent relationship with our partners in lending and we will always try to go that extra mile to help you, and if it can be done, we will do it for you.

Historical bad credit can be rectified over a period of time by good financial management and making your payments on time. Although any credit arrangement will show on your credit file for a period of 6 years, it is possible to raise your credit score by being sensible with your borrowing and making your payments on time. See our article on raising your credit score in 5 easy steps which may be of help to you.

Common Credit Blemishes

Some of the most common blemishes on a credit report are

The blemishes above are just some of the things that will leave a mark on your credit report. But don't fret we can still help you apply for mortgages, Finance aswell as offer debt consolidation services, remortgaging and equity release. Bad credit Finance are useful to consolidate all your outstanding debts into one easy monthly repayment, not only is the payment more manageable but a good record of repayment will help repair your credit score.

We have specialist lenders who will either look at your credit history if it is historical sympathetically or who may still lend with a slightly increased interest rate. Lenders are becoming more flexible as interest rates remain at an all time low and the housing market still performs well with prices across the UK still increasing annually. Historically property prices have doubled every 20 years and in more recent times within the last 10 years. Current demand would suggest that this will continue particularly in the light of the huge migration of people into the UK from the EU. A bad credit history no longer means that you will be refused a mortgage but that the terms and conditions will reflect your credit history.

If your credit history is too adverse for any mortgage application then why not consider repairing your credit history. There are specialist credit reference agencies to assist you.

Experian

Consumer Help Service

PO Box 8000

Nottingham

NG1 5GX

www.experian.co.uk 

Tel: 0870 241 6212    Equifax plc

Credit Advice Centre

PO Box 1140

Bradford

BD1 5US

Tel: 08705 143700

www.equifax.co.uk

Mortgages