Bad credit mortgage - Move Forward with Your Finances

Debt can be a debilitating thing. It can impact on your psychological outlook as well as your physical well being. Money troubles affect whether or not you can go on holiday, live a decent lifestyle and where you can afford to live. It's increasingly difficult to get on the property ladder, and there are areas in the UK where it's prohibitively expensive. But just because you've had debt problems or a bad credit history, doesn't mean you can't have access to holidays, a decent lifestyle and your own property. How? With a bad credit mortgage.

Bad credit mortgage - the way forward

It's true that some high street lenders may refuse you a mortgage or be wary of lending to people with bad credit. And although the high street is moving more towards catering for people who have debt or bad credit, in the meantime there is a specialist bad credit mortgage market that deals specifically with people who find it difficult to get a conventional mortgage.

How will a bad credit mortgage work for you?

Property ladder - a bad credit mortgage could allow you to get your foot on the property ladder and own your own home. If you've had financial troubles, owning your own property can offer you stability and security as well as be a lucrative investment.
Credit Rating - If you keep making regular bad credit mortgage repayments then over time your credit rating will improve. Meeting your debt repayments is proof to lenders that you can be trusted and this increases the possibility of being accepted for other financial products in the future.
Affordable - The bad credit mortgage has boomed in recent years as more and more people struggle with debt. This is good news for you, is it means there are more products than ever on the bad credit mortgage market, making it more competitive. Interest rates may be only slightly higher than the general mortgage market.

How to get a bad credit mortgage

If you are interested in obtaining a bad credit mortgage, you can make an appointment with a bad credit mortgage consultant. Contact a qualified mortgage specialist regulated by the Financial Services Authority, and you'll be able to get impartial and fair advice on which bad credit mortgage is right for you. You too can be a property owner and move forward with your finances.

Homebank have qualified mortgage consultants ready to advise you with all your mortgage and insurance needs. For informative and insightful bad credit mortgage advice, call us to arrange a no obligation appointment to suit you. Homebank are the 'people's mortgage broker' with over 2900 mortgage products to choose from, including products that are not readily available on the High Street. Homebank's experienced consultants could find the ideal product for you - call Homebank now on free phone 0800 052 3604

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

Homebank Financial Services Limited is an appointed representative of The Willow Tree Management Company UK Ltd which is authorised and regulated by the Financial Services Authority.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.
For mortgage related services the fee will typically be 1.79% of the mortgage advance applied for, minimum fee of �750. In addition, there may be a valuation administration fee of up to 0.7% of the loan amount. For example if you take out a loan of £50,000 you will need to pay a total of up to £1,245; comprising of the broker fee of £895 and the valuation administration fee of up to £350. This in addition to any commission we may recieve from the lender. Broker fees may be added to the mortgage.

Not all Buy To Let mortgages are regulated by the Financial Services Authority
Adverse Credit - The overall rate for comparison is 9.2% APR. The actual rate available will depend upon your circumstances. Ask for a Key Facts Illustration
Right To Buy Mortgages - The overall rate for comparison is 8.9% APR. The actual rate available will depend upon your circumstances. Ask for a Key Facts Illustration

CURRENCY MORTGAGES - CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING VALUE OF YOUR DEBT.
Homebank Financial Services Limited is entered on the FSA register under reference number 464724, as an appointed representative of The Willow Tree Management Company UK Ltd, who are also registered under the FSA register under reference number 310569.