Good News for Mortgage Borrowers with Adverse Credit History
Good News for Mortgage Borrowers with Adverse Credit History
Getting a mortgage when there's an adverse credit history is not easy. Whilst on some levels it is easy to see why lenders are reluctant to deal with borrowers who have previously been in arrears, have CCJs or have been made bankrupt, it is a fact that some of these people have turned things around in the recent past and it may be fair to say they might deserve a second chance when it comes to getting approved for a mortgage.
Mortgage Lender back with Eased Criteria Loans
In actual fact, there is some good news as a lender who previously withdrew from the mortgage market is back with a range of mortgage products aimed at those with adverse credit histories. Providing there is a clean record to show over the past two years and a 25% deposit can be stumped up, there are some good rates on offer from this lender who is willing to overlook any previous adverse older than two years.
Speak to your Mortgage Broker for Mortgage Planning Advice
Seeking independent whole of market mortgage advice is of course vital to ensure you plan ahead, making sure the repayments are affordable into the future. Talk to your mortgage broker today to find out about this latest deal that could be ideal for you, should you have a clean financial history spanning the past two years and can raise the 25% deposit.
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.