Mortgages for people with previous credit problems
If you have experienced financial difficulties in the past then it could affect
the type of mortgage you are able to get now.
You may have fallen into arrears on a credit card or loan, have County Court Judgements
listed against your name or have experienced bankruptcy.
The good news is that there are a number of specialist and reputable lenders that
offer a range of mortgages to borrowers with a history of credit problems. Pink
Home Loans has access to some of these lenders and aim to help you find a suitable
mortgage.
You are not alone if you have experienced financial difficulties and the lenders
offering what are called 'adverse', 'sub-prime' or 'non conforming' mortgages appreciate
that many credit problems are caused by life-changing events such as redundancy
or divorce, rather than an unwillingness to pay or a lack of financial discipline.
If you're not sure of your credit situation and how it affects the type of mortgage
you could get and want to speak to someone in confidence.
The overall cost for comparison is
4.9% APR. The actual
rate available will depend upon your circumstances. Ask for a personalised illustration.