Bad Debt Mortgage

Some people may be denied loans due to bad debt or bad credit scoring on their mortgage application. However, these days it is possible even for those with bad or adverse credit to obtain mortgages in the UK.

Lenders who are willing to lend in this market are commonly known as 'sub-prime' and the market for these mortgages has grown considerably in the past few years. However, borrowers have to pay a price for these mortgages, with rates a few percentage points higher than those set by mainstream lenders.

Borrowers should be aware that if they make all their payments on bad credit mortgages in full and on time, within a few years a sound repayment history will be created and they may be able re-mortgage to a lender offering lower interest rates on their mortgages.

We are mortgage brokers that specialise in finding people like yourself a bad debt mortgage. Our advisers are very experienced in this area and aim to recommend the mortgages most suited for you based on your credit background.

Previously, people with bad credit normally had to pay much higher interest rates than mainstream mortgages. Today, things are a lot different. Approximately, one in four mortgages in the UK is a bad credit mortgage. We offer full advice and recommendation so you can be sure that we will find you a competitive mortgage that suits your current circumstances. We will deal with your application quickly and we search all the lenders to find a competitive mortgage and interest rate for your individual circumstances. For a fast, free mortgage quote, fill in the form below and see what we can do for you!