One of the biggest obstacles to getting a mortgage
is bad credit. By missing payments on previous loans,
or having defaults, arrears and CCJ's (County Court
Judgements) on your credit record, you will be categorised
as having an bad credit history.
Your credit history is a record kept by companies such
as Experian and Equifax of all your past mortgage, loan
and credit card applications and repayments. When you
apply for a mortgage the lender will check your file
to see how reliable you are at repaying sums of money.
Mainstream lenders will be reluctant to lend money
to borrowers who are seen as 'high risk', often resulting
in refused applications. With an estimated one in four
of the UK population having bad credit there are now
many specialist lenders who cater for this market, known
as 'sub prime' lenders.
By applying to these lenders you will increase your
chance of being accepted for a mortgage, however as
a result you will pay slightly higher interest rates.
BadCred.co.uk are pleased to introduce The More Group
for all your bad credit mortgage requirements. For more
information on bad credit mortgages read The More Group's
bad
credit mortgage guide.
Think
carefully before securing other debts against your home. Your
home may be repossessed if you do not keep up repayments on
your mortgage.
The More
Group Ltd is authorised and regulated by the Financial Services
Authority
FSA Firm Registration Number:300817
The More Group may charge a fee of up to 0.75% of the mortgage amount, on completion
of loan, depending on the complexity of the mortgage you require.
Please ask for a personalised illustration
