Menu
Poor Credit Mortgages
You think that if you have bad credit, they won’t be able to get a mortgage that suits them.
More lenders than ever are starting to offer mortgages for poor credit applicants,
just as long as the lenders feel comfortable that you shall be able to pay them back.
just as long as the lenders feel comfortable that you shall be able to pay them back.
POOR CREDIT MORTGAGES
People often think that if they have a bad credit score, they won’t be able to get a mortgage package that suits them, with Leodis Financial this is not the case. People have bad credit for all kinds of reasons, irrespective of how damaged the credit record may be, our team of specialists at Leodis financial will be able to help and target the right lenders with your application.
It can be difficult to maintain a clean credit history, more lenders than ever are starting to offer mortgages for poor credit applicants, just as long as the lenders feel comfortable that you will be able to pay them back.
Don’t worry if you have been turned away in the past, working with our team of specialists at Leodis Financial, it may still be possible to obtain a mortgage, poor credit does not necessarily mean you cannot obtain a mortgage.
Mortgages provided for imperfect credit history are also referred to as subprime mortgages or adverse credit mortgages.
Many lenders assume that when a person has bad credit, they are high-risk clients for none repayment, hence why many lenders on the market are not willing to lend to anyone with a bad credit profile, although we work with several specialist lenders that are more flexible and accommodating, by taking all aspects of the applicant’s financial status into account.
Advantages of Getting a Bad Credit Mortgage:
- You are investing into your own property and future, the mortgage repayments will be higher than mainstream mortgages and at the same time creating equity for you to move further up the property ladder in the future.
- The bad credit mortgage could be for a short term period of 2 to 3 years if you make all your mortgage, utility and other credit repayments on time improving your credit profile. You may be able to remortgage to a mainstream product benefitting from better interest rates.
Disadvantages of getting a Bad Credit Mortgage:
- They are more expensive than standard mortgages, higher interest rates.
HELP KEEP MORE POUNDS IN YOUR POCKET – TALK TO US ABOUT YOUR REQUIREMENTS TODAY.
What we do
Our Services
Have a question?
Get in touch