At Niche Advice we specialist in helping clients with bad credit working with many specialist lenders and offer Bad Credit Mortgage solutions. Often the devil is in the detail and understanding when certain historic credit issues are excluded by Lenders from the overall picture and as such improving on the product terms. We do this day-in-and-day-out so why trawl through rafts of paper and make multiple calls when we have the facts to hand. .
No upfront Broker fees by us. You only pay once the deal completes.
Bad Credit Mortgage Criteria
Bad credit can be defined as one of more of the following, and at Niche Advice we have helped many clients with these issues obtain a Bad Credit Mortgage:
- Late payments
- Exceeding overdraft limits
- Satisfied or unsatisfied County court judgments (CCJs)
- Current or settled Defaults
- Mortgage and rent arrears
- Arrangements to pay reduced amounts either directly with the Providers
- Current or settled Debt Management Plan (DMP)
- Residential mortgage applicants including debt consolidation
- Buy to let mortgage applicants
- Right to Buy applicants
- Help to Buy applicants
- Shared ownership applicants
- Applicants with PayDay loans (not in last 3 months)
- Applicants with raising credit card or store balances
- Discharged Bankrupts
- Discharged Sequestrations
- Debt relief order (DRO)
- Current or settled Individual voluntary arrangements (IVA)
- Current or settled Administration Orders
- Historic Repossessions
- Commercial mortgage applicants
- Single applications for Married couples
- Individuals on VISAs without the rights to reside in the UK indefinitely
- Properties in mainland Scotland
How can we help with Bad credit mortgage when others fail? Well most of the Lenders do NOT allow access to the general public and go under the radar of vanilla Mortgage Brokers.
Example Product Rate and Fees – Bad Credit Mortgage 90% loan to value
The total amount you must pay back, including the amount borrowed is £478,631
Product Features: CCJs and Defaults registered over 3 years. All communications defaults are ignored can work off last years accounts for income, can work from daily rates for contractors.
|Type and initial benefit period||Fixed for 3 years|
|Minimum deposit / equity:||10%|
|Telegraphic transfer / CHAPS fee||£18|
|Early repayment charge||3/2% of the amount repaid in the fixed period|
For more information on Bad Credit Mortgage please call complete the enquiry form on this page or call the number below.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Residential and Buy to Let Mortgages
Rates current as at 15/02/17 . The overall cost for comparison is based on a purchase price of £300,000 over a 25 year term. The Right-to-Buy example is based on a discounted purchase price of £150,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibilty will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.