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Adverse Credit
Adverse Credit
The primary reason for being refused a mortgage
may be your name being on a credit blacklist. A poor credit
rating
or bad credit history may result in a traditional mortgage application being rejected. An adverse credit mortgage is one that is tailored to suit the requirements of those who suffer from a less than perfect credit rating and financial status.
Some common reasons mortgage companies have for refusing applications are:
- If you have been self employed for only a short period and thus don’t have three years worth of financial accounts to show, you may experience difficulty with mortgage applications.
- County Court Judgements (CCJ’s) made against you in the past can also affect mortgage applications.
- Periods of redundancy can result in finances being stretched. This can lead to reduced or missed credit card or loan repayments which then appear as defaults on your DEFAULTS on your credit report.
If you are one of the many people in the UK experiencing difficulty Fenton Simpson Financial Services should prove to be your one stop solution. We can obtain mortgages from the best and most reputable adverse credit mortgage providers. We may even be able to provide you with a solution on an ‘ordinary, high street rate’.
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Quote
To get a competitive quote please complete the basic information below. We will search all the major mortgage providers to give you the best deal.
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Your home may be repossessed if you do not keep up repayments on your mortgage. |
