The quantity of lenders who offer remortgages and mortgages for people with credit problems decreases. For now exists just lenders who assist people with CCJs, defaults, mortgage arrears, bankrupts and individuals with a poor credit history or bad credit rating.
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| Mortgages for bad credit history |
The adverse or bad credit mortgage market came out of the shadows in the last years. Some time ago it was only for immoral brokers charging high fees and huge rates of interest. But during last year the market has changed and lenders became more suspicious.
Poor credit rating and adverse credit history can be a problem. Specialist lenders propose credit repair deals. In this case you have to pay a higher interest rate than you would with a conventional.
People frequently find it practical to get in touch with a mortgage broker who has experience in the area of adverse credit mortgage and non standard mortgages. Independent broker will look at your individual circumstances and find the best mortgage for you.
Even if you have County Court Judgements (CCJ), credit card defaults, loan defaults, mortgage or rent arrears, bankruptcy, IVA there may be appropriate products available for you on the market of adverse credit mortgages. Just contact with a broker, tell him about your situation, and let him do his work.
