If you are considering re-
“Buy to Let” mortgages, conveyancing, Cyprus mortgages and property letting are not regulated by the Financial Services Authority.
© 2009, Wigan Pier Property Services
Business Address:
Wigan Pier Property Services, 5 Wrightington Street, WIGAN WN1 2AZ
Telephone 01942 244352
info@wiganpierpropertyservices.co.uk
The number of lenders who provide remortgages and mortgages for people with credit problems is decreasing. There are now just a handful of lenders who will help people with CCJs, defaults, mortgage arrears, discharged bankrupts and individuals with a poor credit score or bad credit rating.
The adverse, sub-prime or bad credit mortgage industry as it’s often known has certainly come out of the shadows in the last few years. A decade ago it was a byword for unscrupulous brokers charging high fees and lenders tying you in with huge rates of interest. Until recently there was a much broader product range which was more competitively priced, less punitive and more innovative in terms of deals. However in the past 12 months the market has changed again and lenders have become more wary about lending to people with less than perfect credit history.
Having a poor credit rating can be a deflating and traumatic experience, whatever the reason. But there may be deals out there for you. Here, you will have to pay a higher interest rate than you would with a conventional deal and put down a sizeable deposit. However, once you have maintained your payments on one of these deals for a sufficient period (usually about three years) your credit history may be in a better position to remortgage back on to a high street deal and reap the benefits of more competitive rates.
People often find it useful to contact a mortgage broker who has experience in the area of adverse credit lending and non standard mortgages. You can do this simply by contacting us by email or telephone to advise us of your details.
The adverse, sub-
Having a poor credit rating can be a deflating and traumatic experience, whatever the reason. But there may be deals out there for you. Here, you will have to pay a higher interest rate than you would with a conventional deal and put down a sizeable deposit. However, once you have maintained your payments on one of these deals for a sufficient period (usually about three years) your credit history may be in a better position to remortgage back on to a high street deal and reap the benefits of more competitive rates.
People often find it useful to contact a mortgage broker who has experience in the area of adverse credit lending and non standard mortgages. You can do this simply by contacting us by email or telephone to advise us of your details.
As mortgage specialists it is our job to establish your circumstances and to match these with one of the thousands of mortgage products on the market and thereby find you the best deal.
This is particularly so if your circumstances are unusual, your property is non-standard in any way or you have any form of a problem with your credit history.
We can arrange:-
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First Time Buyer mortgages up to 95%
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Re mortgages up to 90% of the property value
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Mortgages on non-
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Problem (Adverse) mortgages. For example, when there are County Court judgements Arrears or bankruptcies
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In fact if there are ANY unusual circumstances we will inform you of the possibilities available to you.
As you can see from our site, we offer other services involved in financing property:-
Our in house conveyancing service providing preferential rates and an abundance of useful information about this complicated subject.
As you can see from our site, we offer other services involved in financing property:-
Our in house conveyancing service providing preferential rates and an abundance of useful information about this complicated subject.