Bad credit mortgage and remortgage services

Bad Credit Mortgage- What is "Bad Credit"? If a borrower has a history of poor credit usage then they are often described as Sub Prime. Impaired status can result from County Court Judgements (CCJ's), Bankruptcy, arrears or any late payments on cards, financial arrangements etc. Any of these, and many more problems, can result in bad credit.

What is meant by bad credit due to Arrears? This describes the amount the borrower is behind in his repayment schedule. The amount is usually measured in either pounds or months.

What is a Bankrupt? A Corporation, Firm or individual who, via a court proceeding, is relieved from paying all debts once assets have been surrendered to an appointed third party designated by the court. This is just about the most serious form of bad credit.

What is a County Court Judgement (CCJs)? A ruling by a County Court against a person who has not satisfied their debt payments with their creditors. Once the ruling has taken place it will be recorded against the persons financial history and will appear every time a search is done for the next seven years

What is meant by the term Default? Failure of an individual to make payments at the correct time or to not comply with the lender's requirements. You can probably still get finance if you have a deposit and have had a default.

We have partnered with mortgage brokers to provide you with access to the best deals on the market. Whatever your circumstances we have a partner that has experience in attempting to process a similar application.

Mortgages and remortgages can be classified by type and then by their features dependant on your situation. Within these " types" are different products with different features. For example, you can get fixed rates, variable rates, no redemption fees, base rate trackers, 110% mortgages, and interest only mortgages.

If you want some mortgage advice to help you discover which type best fits your circumstances then fill out this form now to be contacted by an expert to advise you.

Getting help and advice

If you are in the position where your credit is getting in the way of what you want to do you are not alone. Thousands of people are in the sames boat as you. Below are three ways to get help and advice to find a solution to your bad credit history. In time you will look back and your bad credit will be history. All you need is good advice and positive action.

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