0208 364 3444
In this week’s newsletter, we’re focusing on how we assist clients with adverse credit to secure mortgages, including buy-to-let products.
Navigating mortgage approval can be particularly challenging with a less-than-perfect credit history, but it’s not an impossible task, in fact we’ve helped a number of clients this year with securing their perfect home.
Overcoming Different Credit Challenges
Adverse credit can range from missed payments and defaults to more severe financial issues like CCJs or even a history of bankruptcy. While these factors can complicate mortgage applications, they don’t necessarily prevent the possibility of securing financing.
Late Payments, No Credit History, Payday Loans, Unauthorised Overdraft Charges: These can be obstacles, but they’re often seen as less critical by lenders, especially if they are not recent.
County Court Judgment (CCJ), Mortgage Arrears, Defaults, Debt Management Plan (DMP), Debt Relief Order (DRO): These have a more significant impact and require additional planning with one of our brokers to secure mortgage approval.
Buy-to-Let Applications
For property investors, adverse credit can often be a significant barrier. However, we’re connected with buy-to-let lenders who specifically cater to individuals in this situation. These lenders understand that past financial difficulties don’t always reflect current financial stability or investment acumen.
How We Can Help
Whatever the issue, our team of expert mortgage brokers is experienced in dealing with complex credit histories. We’ll help you understand what documents and proofs are most effective for supporting your application, and we’ll guide you through the options available based on your specific financial situation.
To find out how we can help you, contact us today on 0208 364 3444 or click here to schedule a free consultation call.