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Get a Mortgage with Adverse Credit
If you want a mortgage but have bad debts registered against you then its more than likely you will need to apply for what is termed as an adverse credit mortgage. Applying for a mortgage with adverse credit registered against you need not be as complicated as it may sound.
Adverse credit mortgages are known by many names, you may have heard them referred to as bad or poor credit mortgages, sub prime mortgage, none conforming or credit impaired mortgage. They all mean the same thing - that the mortgage product you require or are applying for allows bad debt to be registered against the potential borrower.
Most people who want a mortgage with bad debt registered against them 
will normally have to use a mortgage broker as sub prime lenders do not generally deal with the public directly, this helps the adverse lender keep costs down to the borrower and removes the duty of care in recommending the correct mortgage away from the lender and onto the mortgage broker which is why a number of brokers specialise in the adverse credit mortgage market. Specialist brokers will more than likely deal with adverse lenders on a regular basis and should be more aware of what products and special deals are available at the time of your application
How do I know if I need an adverse credit mortgage
If you are not aware of any bad credit being registered against you, you may have applied to a high street lender for a mortgage and been turned down - this is an indication that a none conforming mortgage may be required. You may be aware that you have missed payments, defaults or CCJ's (county court judgments) registered against you in which case it is very likely you will need to apply for an adverse mortgage.
If you do need to apply for a mortgage with bad debts registered against you, you will need to speak to a mortgage broker. A specialist broker will normally require some form of broker fee to be paid reflecting the additional work needed to get sub prime mortgages through to completion, this can normally be paid up front or on completion depending on the broker but in general terms a specialist broker will normally put in much more work and definitely earn any broker fee they may charge due to the additional work, care and attention needed to get an adverse mortgage application to completion.
Get an Adverse Credit Mortgage
With extensive knowledge of the adverse mortgage market we are able to help clients with the majority of mortgage obstacles people face with bad credit such as defaults, CCJ's, debt management, arrears and missed payments.
We're on hand to answer any questions and talk you through the process of obtaining a mortgage with adverse credit, with a no obligation enquiry you have nothing to lose - Contact us today
One of the first steps in getting an adverse credit mortgage is a decision in principle from a mortgage lender, this is often the most difficult time for a potential borrower, until you have a decision in principle you wont truly know what's available to you and how your bad debt will effect your mortgage application - get a mortgage with a default or defaults.
Adverse Credit Mortgage Applications
Our adverse mortgage brokers will be happy to discuss your individual needs & requirements and talk you through the whole application process and will make things as easy as possible.
Getting an adverse credit mortgage application submitted to the lender is the next step after obtaining a decision in principle. At this point its important to make sure the lender receives any documentation they require as soon as possible, this may include further details of any adverse credit such as defaults, CCJ's, missed payments and loan or mortgage arrears to make sure the agreed adverse mortgage remains available throughout the underwriting process, this will also allow the lender to issue your mortgage offer as quickly as possible.
Adverse Credit Mortgage Offers
An adverse credit mortgage offer is one of the final steps before mortgage completion. Also known as a bad credit mortgage offer or credit impaired mortgage offer, it will consist of a full breakdown of mortgage costs such as interest rate details, lender fees, estimated solicitor fees and other fees as well as any fee free incentives such as free valuation or free legal costs.
We can also help you apply for an adverse credit remortgage, also known as an adverse refinance mortgage. With access to every sub prime mortgage and remortgage lender and access to special adverse credit mortgage deals not available on the high street we are often able to help with your remortgage application where others have failed.
Adverse Credit Mortgage | Mortgage with Bad debt, defaults & CCJ's | Adverse Re-mortgage
With our no obligation enquiry you have nothing to lose...contact us today
