Monday, 3 October 2016

Let us help you if you have an Adverse Credit History…

A poor credit rating can be a major barrier to getting a mortgage, but the good news is, there are lenders who
are prepared to help those whose applications may be refused elsewhere. It might not seem fair but even having
a big deposit in place and a decent salary isn’t enough to guarantee you a mortgage. If you have a bad credit
score, then your application is likely to be refused. Banks and building societies are cautious about who they
lend to, so they always check credit reports carefully to see if potential mortgage customers have defaulted on
any debt payments in the past. They will also look for any County Court Judgments (CCJs) against you, or if you
have ever filed for bankruptcy. In any of these scenarios apply, the chances are you won’t be eligible for most
mortgage deals – even if your financial problems occurred a long time ago.

There are some mortgages however, which are specifically designed for those whose credit history is far from
perfect. These are often known as ‘sub-prime’ mortgages or ‘adverse credit’ mortgages, and are generally
offered by lenders specialising in this market.
If you think you may have a poor credit history or an adverse credit rating, you can obtain a free credit report
from one of the following. 
Once you have your report, email it to us at giving details of the type of mortgage you
require and your personal circumstances, and one of our specialist advisers will be in contact to discuss your
specific situation.
For more information about anything relating to your house purchase or move, your mortgage or protection or
insurance, please get in touch with your Adviser or
Call: Bristol office 0117 325 1511 or Exeter office 01392 690 888

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