Adverse Credit - Full Listings
There are varying degrees of poor credit and the adverse credit - or sub prime - market reflects this. Different lenders have different terms for these specialist mortgages but impaired, sub prime, non-conforming and adverse all mean essentially the same thing but rates vary according to the severity of your previous or current credit problems.
Many people have poor credit records through no fault of their own. You might have a CCJ marked against your name for a trivial misdemeanour such as missing a book club payment, for example. And people can often fall into arrears on divorce, when solicitors instruct both parties to cease payments pending a settlement.
Fortunately, there are a growing number of specialist lenders sympathetic to non-standard borrowers. Many of these lenders belong to mainstream operations, but are set up under different brand names.
Whatever your circumstances, Mortgage Financial will allocate a professionally qualified mortgage adviser who will be able to help you.
The overall cost for comparison is 7.6% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case'.
Securing your debt may result in a longer term than your current arrangements. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
