Adverse credit history mortgages
Mortgages for poor credit ratings
It's not difficult to get a poor credit history and once you have, finding a poor credit history mortgage can be a challenge. Previous mortgage arrears, County Court judgements and a low credit score are all reasons why many mortgage lenders will decline mortgage applications.
"I had been an undischarged bankrupt for a while and this had a major impact on my credit-worthiness. Each time I applied for a mortgage, they did a check on my credit history and I was declined for my mortgage application. Very frustrating."
There are, however, mortgage lenders who specialise in offering mortgages to those with a poor credit history or who may have had a previous mortgage application declined. QuoteRack can put you in touch with mortgage lenders who may be able to assist you with arranging a low credit rating mortgage.
"Despite having had a CCJ and a previous mortgage default, we were finally able to buy our own home with a specialist sub-prime mortgage lender."
You may also be interested to see other QuoteRack categories such as debt consolidation mortgages and debt consolidation loans.
Poor credit history mortgages - links
Check your own credit report
Experian offers you the chance to check your own credit history online.
10 ways to clean up your credit history
A 'how to' guide from Yahoo, showing 10 ways to help improve your credit rating.
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"I got into debt with credit cards and store cards. Arranging a mortgage with a poor history of arrears was difficult but we got there eventually."
"We had previously been in mortgage arrears for over 3 months and it really damaged our credit rating. Getting a mortgage turned out to be easier than we had expected after we spoke to a mortgage adviser through QuoteRack."