First Time Buyers Mortgages

Poor, Adverse or Bad Credit Mortgages

What are Poor, Adverse or Bad Credit Mortgages?

What ever your credit history is you might be able to get a mortgage – sometimes a shared ownership one too. Impaired shared ownership allows borrowers with minor credit problems (up to £3,000 in CCJs and two missed rental payments in the last 12 months) to benefit from a shared ownership deal if they qualify.

Poor, Adverse or Bad Credit Mortgages – Advantages

Although loans are only available up to 75%. the mortgage allows even the most unlikely of candidates to get a foothold on the housing ladder. It can make sense to clear debts and get your credit rating back up to scratch before taking on the debt of a mortgage.

Poor, Adverse or Bad Credit Mortgages - Disadvantages

The interest rate is not competitive and comes with a three-year tie-in.

If in conjunction with shared ownership, you will still need to find 25% of the proportion of the property you are buying as a deposit.

Lenders Specialising in Poor, Adverse or Bad Credit Mortgages

Best to contact a mortgage advisor or broker to check out the latest offerings

Poor, Adverse or Bad Credit Mortgages Mortgage Advice

Whatever your current position, to find out if you qualify for a full or shared ownership mortgages seek no-commitment mortgage advice.

Features, advantages and disavantages of specific first time buyer mortgages:

100% Mortgages l Cashback Mortgages l High LTV Mortgages l Graduate Mortgages l Professional Mortgages l Mortgages with Parents l Guarantor Mortgages l Family Offset Mortgages l Mortgages with Friends or Family l Mortgages at University l Rent a Room Mortgages l Affordable Mortgages l Interest only Mortgages l Part Repayment Part Interest Mortgages l Shared Ownership Mortgages l Poor, Adverse or Poor Credit Mortgages l Key Worker Mortgages l Shared Equity Mortgages l 30, 35, 40 Year Term Mortgages