Category: Bad Credit News

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COVID-19: support for businesses

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19. This includes a package of measures to support businesses including: a Coronavirus Job Retention Scheme deferring VAT and Self-Assessment payments a Self-employment Income Support Scheme a Statutory...

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Budget 2020 – Statement from the Chancellor

This Report, which was written immediately after the Chancellor of the Exchequer delivered his Budget Speech, is intended to provide an overview of the latest announcements and recent measures most likely to affect you or your business. Chancellor Rishi Sunak announced his first Budget, and the first since the UK left the European Union, after...

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Can I still get a mortgage with credit defaults?

If you have credit defaults showing on your credit file which covers the last six years, you would be declined by most, if not all high street lenders. Why you may ask, because high street lenders base their decision to lend or not on credit scoring where the decision is made by the computer with...

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What can I do to change my poor or bad credit profile?

When you are looking to purchase a property and you need a mortgage to help you make that purchase, the first thing that you should do is access a copy of your credit file from www.experian.co.uk or www.equifax.co.uk both of which you can access for a one off payment of £2. What you will then see is the...

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Bad/Poor Credit Mortgages, is the Market Changing?

For clients who have a Bad/Poor Credit Profile it has never been as straight forward when applying for a mortgage as clients who have an A1 perfect Credit Profile who have the choice of High Street lenders subject to affordability and meeting standard criteria. What we are seeing in the current mortgage market is the...

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Can I still get a Mortgage with a Poor Credit profile

Many clients come to us worried that having a Poor Credit profile may prevent them from obtaining a mortgage. In todays very competitive market place having a Poor Credit profile may restrict your choices of lenders, where the High Street lenders who base their decision to lend on credit scoring is totally different from the...

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