Bad Credit Mortgages.

In recent years our economy has caused many families to experience financial difficulties from time to time. These include missed credit card payments, mortgage arrears, defaults, CCJs (County Court Judgments) or bankruptcy. Therefore your ability to access a competitive mortgage deal will, unfortunately, be challenging. Since the credit crunch lenders have become more cautious when lending money and so if there are any gaps when carrying out a credit check this will, in the majority of cases, result in a decline.

When banks and building society assess a mortgage application they require evidence that financial commitments have been satisfactorily conducted in the past. Lack of any financial commitments can also be detrimental to your credit file. Added to this, refusal of a mortgage application can present you with further problems.

If you've got a poor credit rating or have had credit problems you can still get a mortgage, although the interest rates and charges will be higher than the standard mortgage and it would also be necessary to find a larger deposit of approximately 30% of the value of the property. There are a variety of mortgage deals available for example fixed, variable and tracker rates.

Your ability to obtain a standard mortgage with a lower interest rate can be obtained following regular mortgage repayments being made because your credit rating will be significantly improved. Our recommendation would be to provide us with a copy of your credit file in order for us to establish the likelihood of a successful mortgage application.

Our independent mortgage advisers are not tied to any lenders and are working for you. Not only do we offer independent mortgage advice, we can also source all your mortgage related insurance needs from a range of insurance product providers.

For a quick, no obligation mortgage quote simply click on the 'Mortgage Search' below or give one of our helpful advisers a call, free, on 08000 11 20 21.

Or, alternatively, if you know what you are looking for and wish to simply find the best available mortgages, please follow the link below. Here, we show you up to the minute deals that are currently available on the market. Remember, our friendly advisers are always on the end of the phone to discuss your mortgage requirements should you need any help or guidance.

Please feel free to have a look at our 'Mortgage Jargon Explained' and our FAQs for more information.