Getting a mortgage whatever your financial circumstances?
Bad credit mortgages?
What are the traditional lender’s criteria?
Apparantly expert advisers can take you through the steps to repair and improve a bad credit rating?
Even support you through the bad credit mortgage whatever the circumstances of your bad credit rating, including things like:
Mortgage, secured loan and rent arrears
County Court Judgements (CCJs)
Defaults
Individual Voluntary Arrangements (IVA)
Discharged bankrupt
Repossession
Self-employed with no accounts
So how is this possible if you are owing so much money to other people?
So what the catch?
If anyone is experienced on this matter please feel free to fill us all in?
There are lots of companies that are prepared to take the risk with people that have a bad credit history or have a bad credit history after dealing with big blue-chip companies. Of course you are likely to pay more interest, but surely that has to be worth it given that it gives you an opportunity to get on an even keel.
Apparently if you have bad credit there is more money in it for the third party introducers (as the lenders make more money). You can therefore ask for a kick back on their commission. Apparently they will make about £500 on mortgages and £1000 on IVAs. I picked up some tips from this site as well