Tips on getting a Mortgage with a criminal record and how to source the right mortgage in the UK if you have been to prison.
I am a firm believer that people who have paid their price should always be given a second chance. Unfortunately this may not be the case when it concerns someone who has been imprisoned in the past, and is now looking to get on the property ladder and get a mortgage.
This is an immense subject, and nobody openly wants to advertise for this type of business. However with thousands of people going to jail for minor offence’s such as driving convictions, or being disorderly 15 years ago. I believe people rightly should be given the opportunity to own a house and integrate within the society.
Granted, there are some crimes that lenders will simply not accept applications from including anything surrounding financial crime dishonesty with money and support. We do have access to lenders who understands that mistakes do happen in life and are willing to individually look at different circumstances.
We live in a country where both good and bad things happen, but what sets us apart from many countries is our ability to be able to integrate society. One of the fundamental objectives of somebody living in the UK is someday owning their own home, albeit with the help of the mortgage.
Recently I have received a few enquiries regarding people with past convictions and have had to deal with this type of business. I am fortunate enough to have a very good working relationship with lenders that individually underwrite cases rather then pointing me to the computer saying no.
If you have a past criminal record or have side served time in jail and are now looking to get a mortgage, please complete the online enquiry form on this page or call us on 020 7993 2044.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Finance Brokers In London. His role is very much focused on Property financing both on residential and commercial lines.