TRUSTED – RESPECTED – RECOMMENDED
Providing individual mortgage advice; unique to you.
When it comes to buying a home, you may find that some lenders like to deal only with those who have faultless credit histories. They want to deal only with those who have faultless credit histories, perfect work records and adequate deposits. But money problems can affect everyone. Adverse credit problems can be linked to a loan default, county court judgements or being a discharged bankrupt.
Sometimes people get into debt through no fault of their own and, even if they have been to blame, want to sort things out. Certainly no-one taking out a mortgage wants to see their property repossessed.
However, there is some good news in that some lenders are willing to provide adverse credit mortgages. Deals are unlikely to match standard mortgages; lenders in the adverse credit market – which is also sometimes described as ‘sub-prime’ or ‘non-conforming’ – will charge higher rates.
While the lenders clearly want to keep some degree of separation between their standard and adverse credit divisions, the deals they are offering are less punitive than in the past. Most lenders will also cut the interest rate if borrowers keep up a good payment record. And, after three years, it may be possible to switch to a standard loan.
Your application will be thoroughly vetted and the interest set according to the risk the lender believes you pose. You may also be subject to redemption penalties, but these should cease to apply after three years.
A mortgage may not be available in all cases, but we’ll always try our best. Why not give us a call today and see how we can help you.
Contact Us Now
Give us a call on 01903 206902 or use our contact form to submit an enquiry.
Feel free to use our range of handy Mortgage Calculators
Your home may be repossessed if you do not keep up repayments on your mortgage.
Most forms of buy to let mortgage are not regulated by the Financial Conduct Authority.
We normally charge a fee for mortgage advice, however this will be dependent on your circumstances. Our typical fee is £395.
Crystal Finance is a trading name of CF 2012 Limited registered in England & Wales. Company No. 08120262 and registered office at 2/4 Ash Lane Rustington West Sussex BN16 3BZ
Crystal Finance is a trading style of CF 2012 Ltd which is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority.
The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK
Basepoint Business Centre
Little High Street
Shoreham by Sea
Tel: 01903 206902