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£225,000 Mortgage
Applying for a mortgage can be difficult and a mortgage or remortgage for £225,000 is a large sum of money for anyone regardless of whether you have had credit problems or not.
We aim to make getting a mortgage or remortgage as easy and as stress free as possible even for mortgages over £200,000 or £300,000 - specialising in mortgages, predominantly the adverse credit mortgage market allows our brokers to be very familiar with the none confirming market and sub prime mortgage products and lending criteria meaning a much smoother application process and a better understanding of client needs and requirements when poor credit is an issue.
What sort of mortgages are available for £225,000
Mortgages of £225,000 will allow various different types of mortgage products to be applied for depending on the mortgage loan to value and bad credit involved, if no bad is registered against the borrower then the loan to value will still be a factor but it will not be governed by the bad credit types such as CCJ mortgages, or mortgage products that allow bad credit - on these types of mortgages the bad credit will directly effect the loan to value offered.
Good or bad credit, once the loan to value has been addressed you can expect the usual array of mortgage products such as interest only, capital repayment, fixed, discounted and variable rates should all be available - the best one for you will depend on your circumstances, needs and preferences. Interest only mortgages for example will tend to be favoured by investors such as buy to let borrowers and people wanting to reduce their monthly payments as much as possible for a few years whilst they repair their credit, possibly by re mortgaging to consolidate bad debt.
