Discount Mortgages specialists in providing our clients with an adverse credit history and re-mortgages for people with an adverse credit history.
“The Overall Cost for comparison is 4.7% APR. Actual rate available will depend upon your circumstances. Please ask for a personalised illustration. Rate correct as at 17/09/2009″
We Can Help
There are an increasing number of lenders who provide competitive remortgages and mortgages for people with credit problems such as CCJs, defaults, bankruptcy mortgage arrears and individuals with a poor credit score or bad credit rating. There are also lenders who will help the self employed, discharged bankrupts and people who have been refused a mortgage elsewhere.
“The Overall Cost for comparison is 6.5% APR. Actual rate available will depend upon your circumstances. Please ask for a personalised illustration. Rate correct as at 17/09/2009″
The adverse, sub-prime or bad credit mortgage industry as it’s often known has certainly come out of the shadows in the last few years. A decade ago it was a byword for unscrupulous brokers charging high fees and lenders tying you in with huge rates of interest. Today there is a much broader product range which is more competitively priced, less punitive and more innovative in terms of deals.
Having a poor credit rating can be a deflating and traumatic experience, whatever the reason. But there are deals out there for you. Specialist lenders offer what are known as credit repair deals. Here, you will have to pay a higher interest rate than you would with a conventional deal and put down a deposit of around 10%-15%. However, once you have maintained your payments on one of these deals for a sufficient period (usually about three years) your credit history will have repaired itself. You are then in the position to remortgage back on to a high street deal and reap the benefits of more competitive rates.
Your first step is to contact Discount Mortgages who has experience in the area of adverse credit lending and non standard or conforming mortgages. You can do this by simply completing the Enquiry Page on this site. There are many specialist lenders out there and they get most of their business through brokers like Discount Mortgages.
An independent qualified advisor will look at your individual circumstances and find the most suitable competitive mortgage for you based on your circumstances. Discount Mortgages will do their best to help you find a mortgage even if you have been turned down elsewhere.
Each enquiry will be dealt with by an experienced advisor in a constructive and sympathetic manner. If you have County Court Judgements, credit card defaults, loan defaults, mortgage or rent arrears, bankruptcy, IVA, are self-employed or have difficulty proving your income, Discount Mortgages can help you.
Just get in touch, tell us about your situation, then let us do all the hard work.
How to get your free mortgage quotes
You just need to enter some basic information into ourand we will search the entire UK mortgage market (thousands of products from hundreds of lenders). We will present you with illustrations of the mortgage deals available.
Or if you prefer, you can call a fully trained mortgage advisor free on 0800 298 0678. It will only take a few minutes of your time today but could save you thousands of pounds in interest payments and will eliminate any worries you may have about getting the best deal possible.
There may be a fee for mortgage advice, the precise amount will depend on your circumstances but we estimate that it will be £399 which is only payable once we obtain an agreement in principle from a lender.
Think carefully before securing other debts against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage.