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