Adverse/Bad Credit

Unfortunately not everybody fits the standard lending criteria used by mainstream banks and building societies. In the mortgage market there are many non-status or sub-prime mortgage lenders who cater for individual cases. Some of them are standalone, others are owned by mainstream banks and building societies. All of them offer viable mortgage alternatives for those prospective borrowers who may not fit the standard criteria.

CCJ'S, Defaults or Arrears

Having a bad credit history could mean that you have experienced County Court Judgments, defaults, mortgage arrears or even bankruptcy in the past. It could just be that you have made a minor mistake, such as a late payment that you didn’t even realise was significant. However you may still qualify for a mortgage, whether it is through a high street lender or sub-prime lender.

An adverse credit mortgage is no different to a standard mortgage, but is only intended for people with a bad credit history. Sometimes referred to as a sub-prime or non-status mortgage, a bad credit mortgage is designed to help people to get on the property ladder if they have made mistakes in the past, such as late mortgage payments.

How can 1st Rate Mortgages Help?

Finding the best mortgage to fit your needs is only the first step in what can be a complicated process. We will not leave you to manage things after we’ve identified the best mortgage for your circumstances. You will be assigned a dedicated advisor who will work closely with your lender, solicitor and surveyor to manage the process right through to achieving a satisfactory offer.

Applying for your Mortgage

With many mortgage providers together offering thousands of products, you are not just spoilt for choice, but may be confused as to which is the most suitable mortgage product for your particular circumstances. Why not make your life a lot easier and ask 1st Rate Mortgages & Loans Specialists to help you find the best mortgage for your needs? You don't need to visit every single bank or building society on the high street to find the best rates, and you don’t have to sit in front of your computer for hours on end looking at countless lists of mortgage products, lender details and interest rate information. For more information please fill in our enquiry form or to speak to an advisor you can contact us on  028 9073 2294

Adverse Credit/Credit Problems - The overall cost for comparison is 8.9% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.