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Defaults
Don't despair if you have defaults as most problems case
mortgage lenders will ignore defaults, so a 95% mortgage
can be obtained with high street rates available.
CCJ's
Don't despair if you have County Court Judgments, as all
problem case mortgage lenders have schemes, which allow
for them, some problem case mortgage lenders will ignore
CCJ's, which are over 12 months old, so a 95% mortgage
with normal interest rates is available. If your CCJ's
are within the last 12 months a 95% mortgage may still
be available, but at higher rates of interest.
Rent arrears
Don't despair if you have rent arrears as some problem
case mortgage lenders don't ask for a landlord's reference
so therefore a 95% mortgage with normal rates will be
available.
Mortgage arrears
Don't despair if you have mortgage arrears as problem
case mortgage lenders will ignore them upto 80% of property
value, if you are looking to re-mortgage above 80% of
property value then this may depend on how many months
have been missed in the last 12 and how recent. The interest
rate applied will depend on how recent and how many have
been missed.
Loan arrears
Don't despair if you have loan arrears, as most problem
case mortgage lenders will ignore them, so a 95% mortgage
with normal standard interest rates will apply.
Past bankruptcy
Don't despair if you have previously been bankrupt, as
most problem case mortgage lender's will have a scheme
for you, a past bankrupt can obtain a 95% mortgage with
normal rates of interest.
Past repossession
Don't despair if you have previously been repossessed,
as some problem case mortgage lenders will have a few
schemes for you, in some cases 95% with normal rates of
interest can be obtained.
Current or past IVA
Don't despair if you are in an IVA or have been in an
IVA as most problem case mortgage lender will have schemes
with normal rates of interest upto 95% of purchase.
No proof of earnings
Don't despair if you have no proof of earnings, as some
mortgage lenders will allow you upto 85% of purchase price
with normal interest rates, if you have credit problems
then 85% of purchase price is still available but at higher
rates of interest and remember no proof of income is required.
Debt management programme
Don't despair if you are currently in a debt management
programme, as some problem case mortgage lenders will
ignore a debt management programme, so allowing you to
borrow upto 95% of the purchase price at normal interest
rates.
Most adverse lenders will allow a combination of all of
the above.
Whatever your mortgage
problem ...
We can help! |
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