Adverse Credit Mortgages
* Impaired Credit We may be able to arrange mortgages for people with impaired credit depending on individual circumstances and product availability but may not be available in all cases. These types of mortgages are specifically designed for people who do not qualify for a mainstream mortgage. Such situations are unfortunately increasingly common. Life-changing events such as divorce, unemployment and sickness can sometimes cause you to miss making payments on your mortgage or other financial commitments. These things happen to many people at some stage in their lives, but once such problems are behind you, they should not stop you applying for a mortgage.Lenders and brokers who sell mortgages are regulated by the Financial Services Authority (FSA). This means that they have to follow comprehensive rules on how mortgage advice and information is provided. This also gives you important protection as a customer, including access to an independent redress scheme (the Financial Ombudsman Service) if you have a valid complaint about how your mortgage is sold or administered.This leaflet is designed to give you information on adverse credit mortgages, and give answers to some common questions. It specifically concentrates on 'adverse credit' mortgages for people who have had financial difficulties in the past.The overall cost for comparison is 9.3% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.Your home may be repossessed if you do not keep up repayments on your mortgage.A fee may be charged for mortgage advice. A typical example is £500. The precise amount will depend on your circumstances.Tel: 0845 2911104Email: info@mortgage-advice-wales.com
* Impaired Credit
At Mortgage Solutions CCJs, defaults or arrears need not be a problem.
These types of mortgages are specifically designed for people who do not qualify for a mainstream mortgage. They may be suitable in a variety of situations - for example, if you have had credit problems in the past or have difficulty proving a regular or reliable income.
Such situations are unfortunately increasingly common. Life-changing events such as divorce, unemployment and sickness can sometimes cause you to miss making payments on your mortgage or other financial commitments. These things happen to many people at some stage in their lives, but once such problems are behind you, they should not stop you applying for a mortgage.
Lenders and brokers who sell mortgages are regulated by the Financial Services Authority (FSA). This means that they have to follow comprehensive rules on how mortgage advice and information is provided. This also gives you important protection as a customer, including access to an independent redress scheme (the Financial Ombudsman Service) if you have a valid complaint about how your mortgage is sold or administered.
This leaflet is designed to give you information on adverse credit mortgages, and give answers to some common questions. It specifically concentrates on 'adverse credit' mortgages for people who have had financial difficulties in the past.
The overall cost for comparison is 9.3% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee may be charged for mortgage advice. A typical example is £500. The precise amount will depend on your circumstances.
Tel: 0845 2911104
Email: info@mortgage-advice-wales.com