When you apply for a mortgage with a high street lender it will use a credit reference agency such as Experian to determine your creditworthiness. If the search of your credit record reveals any problems, you will be given a poor rating or low credit score and as a consequence will have problems getting a mortgage. However all is not lost as there is an ever increasing range of what are known as adverse credit mortgages which are designed for people who have experienced past credit problems or black marks against their name.
It’s estimated that one in four people, or five million households in the UK, experience problems when trying to get a mortgage or re-mortgage because they’re suffering from adverse credit (also referred to as poor credit history or bad credit history).
However there are a growing number of lenders who offer mortgages for people with a poor credit history and we can help you locate the right product for your situation. Simply complete the online form to receive a “FREE & No-Obligation” quotation.