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
Leeds Building Society plus many others

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 Interest-free Start Mortgages l Shared Ownership Mortgages l Key Worker Mortgages l Shared Equity Mortgages l 30, 35, 40 Year Term Mortgages