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100% bad credit mortgages
Not everyone in the United Kingdom has perfect credit history. Therefore bad credit mortgages, or adverse credit mortgages as they are sometimes referred to. There are a plethora of reasons why you may be suffering from a poor credit history, and it is all documented on your credit history report. You could be a notoriously bad payer when it comes to credit agreements.
You may have been the victim of identity theft, or you could just have been a couple of hours late with
one credit payment in the past, it is all there for anybody that you give permission to, to read in plain black and white.
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It used to be really difficult to find a mortgage lender or broker that could accommodate people with bad credit, however since the birth of the Internet, and the sheer popularity of 100% adverse mortgages, getting a quote on a 100% bad credit mortgage can be just a couple of clicks away.
Poor credit mortgages are now seen as a richly untapped market by mortgage lenders. Historically they
where a big no-no, typically someone with a bad credit history would more often than not, not make their repayments on their bad credit mortgage.
However, lending institutes have realised that not all adverse credit sufferers are in that position because of themselves, victims of identity fraud being a prime example, whilst some have ended up in debt through bad relationship choices and others have matured enough in life to at least try to rectify their previous bad borrowing history.
If you think you fall into
one of these categories and have been worried about the type of response that you may have got when applying for 100% adverse credit mortgages, and then change your mindset. We can help you find 100% bad credit mortgages.
100% adverse mortgages
The best way to find a 100% adverse mortgage is first to read a few independent articles on bad credit mortgages and then speak to more than one mortgage broker or lender. You may find that different poor credit mortgage lenders offer completely different packages.
Typically, banks and building societies stay away from arranging 100% adverse credit mortgages, but there are certain circumstances that they will lender 100% even with bad credit. If your defaults are only minor discrepancies
and you have banked with them for quite a period of time, then this does show stability in your history and they might offer you a good deal on a 100% poor credit mortgage.
However, do not be discouraged if your bank or building society refuses you a 100% adverse credit mortgage. There are specialist independent lenders who alter the interest rate to accommodate the risk involved with a poor credit history, which makes a 100% bad credit mortgage possible. You may even find that they are able to offer up to and
over 125% bad credit mortgages. So even if you have no deposit and have a poor credit history, a 100% adverse mortgage may be closer than you think.
100% mortgage quotes
We can help you get several 100% poor credit mortgage quotes. We work alongside specialist mortgage lenders, so rather than just receiving one 100% adverse credit mortgage for one mortgage brokers, we can organise up to three 100% adverse credit mortgage quotes delivered directly to your email inbox or through telephone conversations or even in person. To apply for your 100% poor credit mortgage quotes, totally discreetly and with a personal service, simply navigate to our 100% mortgage
enquiry form.
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