| It used to be
the case that those with impaired credit were unable to procure a mortgage. However,
this has changed in the ever-diversifying modern mortgage market and UK bad credit
mortgage applicants now have little problem finding a lender. Such mortgages are
aimed at those with a bad credit history and are available in all the usual varieties
that you would expect such as discount,
fixed and capped.
Rather than being judged by usual credit scoring methods, bad credit mortgage
applicants will usually be judged on a case-by-case basis. You might also find
that a lender is less likely to want to lend you a large amount of money with
this type of mortgage. It should also be noted that UK ‘bad credit mortgages’,
although easier to get hold of, usually are accompanied by interest rates that
are higher than those that you would find on regular mortgage products. In other
word although easier to find than previously, ‘bad credit mortgages’
may well come with an above average cost.
• Bad credit mortgage
• Buy to let mortgage
• Cashback mortgage
• Flexible mortgage
• Let to buy mortgage
• Remortgage
• Tracker mortgage
• 100% mortgage
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