Specialist mortgage lenders offer more flexibility compared to traditional High Street lenders, taking into account factors such as the severity, age, and reasons behind your credit issues. Seeking guidance from a bad credit mortgage broker like Fosters Financial can potentially lead to securing a mortgage, even if you have faced rejections previously.
Our brokers possess in-depth knowledge of each lender's specific criteria, enabling us to prevent any unsuccessful applications from affecting your record. We only proceed with a mortgage application if we believe you have a strong chance of approval. In cases where we are unable to assist, we will provide guidance on enhancing your prospects for future acceptance.
Are you ready to progress with your property plans? Contact us today to speak with one of our specialists or to request a no-obligation quote.
PLEASE NOTE THAT YOUR HOME MAY BE REPOSSESSED IF YOU FAILTO KEEP UP WITH YOUR MORTGAGE REPAYMENTS.
It is still feasible to obtain a mortgage even if you have experienced missed payments, defaults, CCJs, payday loans, IVAs, or bankruptcy within the last six years. However, you may be required to provide a larger deposit and be subject to a higher interest rate. Nevertheless, as long as you consistently make your repayments, you should have the opportunity to refinance to a more favorable mortgage option once your current agreement concludes.
If you are seeking your initial mortgage, lenders will naturally view you as a potential risk. However, if you additionally possess a poor credit history and face difficulties in saving for a down payment, your choices will become limited. Nevertheless, Fosters Financial, a mortgage broker specializing in bad credit mortgages, can assist you in obtaining a mortgage as a first-time buyer despite your adverse credit. They maintain close partnerships with numerous specialized mortgage lenders who will readily assess your application.
If you are seeking your initial mortgage, lenders may view you as a higher risk. Moreover, if you are facing challenges with a poor credit history and difficulty saving for a down payment, your choices may be limited. Fortunately, a specialized mortgage broker such as Fosters Financial can assist you in obtaining a first-time buyer mortgage despite adverse credit. They collaborate with various expert mortgage providers who are willing to assess your request.
The government implemented the Shared Ownership scheme to assist individuals who are unable to afford buying a house in acquiring a portion of one. Obtaining a shared ownership mortgage with a low credit score may pose challenges. However, mortgage brokers such as Fosters Financial, who operate across the entire market, have connections with various adverse mortgage lenders that may be open to reviewing your application.
It may be challenging to secure a Right to Buy mortgage if you have CCJs, defaults, or missed payments on your record. However, there is a rising number of specialized mortgage lenders who are willing to carefully review your financial history before making a decision.
© 2024 By EcMortgage. EC Mortgage Solution Ltd is an appointed representative of Beneficial Ltd, which is authorised and regulated by the Financial Conduct Authority, FCA number 736655. EC Mortgage Solution Ltd is authorised and regulated by the Financial Conduct Authority, FCA Number 974789.
{{ is_error_msg }}
Duration: {{ service_details.bookingpress_service_duration_val }} {{ service_details.bookingpress_service_duration_label }}
Price: {{ service_details.bookingpress_service_price }}
{{ is_error_msg }}
{{ is_error_msg }}
{{ is_error_msg }}
Your appointment booking summary
Pay Locally
PayPal