Remortgage With Adverse Credit Lenders
Adverse credit lenders
Adverse
credit mortgage lenders are for people with a variety of credit challenges.
It is estimated that 25% of mortgage applications are turned down and
the growth of credit in England and Wales has meant that an increasing
number of people need to go to specialist lenders.
These lenders protect their investment by requiring deposits, increasing interest rates, imposing tie ins, and generally counteracting the perceived risk they are taking.
Examples of adverse credit mortgage lenders
Many adverse credit mortgage lenders are not household names. This is because they often operate through intermediaries, or mortgage brokers. Although they may not be very well known many of these companies do a great deal of business. Afterall, over 2 million people in the UK owe over £10,000 in credit. Here are just a few of the lenders willing to lend to people with adverse credit:
Birmingham Midshires (part of Halifax)
GMAC-RFC
igroup
Kensington
Mortgage Express (owned by Bradford and Bingley)
Paragon (owned by Mortgage Trust)
Platform (owned by Brittania Building Society)
Easy search tool
Adverse
credit mortgages and other specialist mortgages cannot normally be found
on the high street. We have set up this easy search tool to help you find
the brokers and lenders that can help you attain the finance you need
for your home.
Fill out the form and submit to receive a fast quote from one of our qualified partner mortgage brokers. It is fast and simple to do!
Advice:
TIPS AND ADVICE WORTH CHECKING OUT
Missed
Payments - Credit Cards or store cards
CCJs
- Bad County Court Judgement ruling
Bankruptcy
- Need a bankrupt mortgage deal
Mortgage
Arrears - Behind on mortgage payments
