Adverse Credit
Those clients with a poor credit history have become disheartened about one day having a mortgage of their own. However due to the nature of the mortgage industry, its legislation and policies are continuously changing. You may now be more qualified than previously.
What credit issues do you have?
Each application will be viewed on its own merits. If you have continuously missed payments on loans and have mounting debts, your ability to obtain a mortgage may be affected. However, if it is just one or two isolated incidents a number years ago as the result of a life changing event, then your application maybe viewed more favourably and better interest rates made available to you.
It is important to note that there are lenders that will lend to you even if the debts have not been settled. This will be different if we are talking about bankruptcy or repossession.
It is advisable to obtain a credit report from Experian or Equifax so we can better understand your circumstances and not waste time, prior to making an application.