Help for "credit-impaired" aspiring homeowners

26-Sep-2005

First time buyers with poor credit histories are finding it easier than ever to discover a suitable mortgage deal, according to new research.

To find out what you can borrow, even if you are in an adverse credit situation click here

Those with "credit-impaired" backgrounds have often found it difficult to locate a mortgage agreement in order to afford their ideal home but High Street lenders have recently increased their range of options.

Leeds Building society offers varying rates on its mortgages, taking in to account the degree of previous credit problems, and provides both fixed rate and discounted deal options.

The Prospect range by Chelsea Building Society provides aspiring homeowners with competitive mortgages, despite poor credit histories, and is prepared to lend up to 90 per cent of the property value.

A number of other lenders and specialist mortgage brokers can also help to find a suitable deal, regardless of your previous problems.

For advice on first time buyer mortgages or to find out how much you can borrow and how much it will cost you, from the UK’s leading High Street Brokers, Bradford and Bingley, click here

Finding a mortgage when you have poor credit ratings can be complicated but the availability of adverse credit mortgages and legal help for first time buyers can make the process less stressful.

For our first time buyers guide to buying a property click here

To ask about the legal costs of house-buying or to ask a legal question specific to your own situation click here

If you want to post your comments on today's news in the FirstRung Forum click here

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