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Problem Mortgage
If you are having problems getting a mortgage, with the right help and advice a solution can often to found. Whether you are self-employed, a first time buyer or even if you have had financial difficulties such as CCJs, our panel of financial advisers can offer expert assistance.
You may have difficulty in obtaining a mortgage for many different reasons, but the most common categories are:
* Self-employed with only limited accounts
* Part time or contract worker without full proof of income
* Employed full time but without proof of overtime or bonus payments
* Impaired or adverse credit history due to past or present payment problems
* First time buyer with no credit history or limited current earnings
Mortgage brokers specialise in helping people and will work with you to identify where the problems lie and do their best to find you a lender who will provide a suitable mortgage.
Even if you have a poor credit history, with arrears, defaults, County Court Judgements (CCJs), even bankruptcy or an Individual Voluntary Arrangement (IVA), a solution can often be found and it is well worth making an enquiry to find out, without any obligation.
Our independent financial advisers may also be able to help with debt problems. If you already own your own property and are having difficulties with credit card payment or other loans, the immediate aim in most cases would be to provide a fresh loan from a new mortgage lender, which will replace your existing mortgage. By consolidating all your loans into a new mortgage, it may be possible to provide enough cash to repay your other loans and reduce your monthly payments at the same time. Once you have sorted out your debt problems and established a good payment record, the eventual aim would be to remortage again with a high street lender at a lower rate of interest, therefore reducing your payments even more in the future.
For further information click here for independent financial advice and quotation.
NOTICE: A mortgage is a loan that is secured on your home and you also need to think carefully before securing any other debts against your home. Your home could be taken away by the lender and sold if you do not keep up the repayments on the mortgage or any other debt secured on it - if you are in any doubt, seek independent professional advice. These notes are offered as a general guide only and do not constitute mortgage or legal advice.
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