Amicable Mortgage Services Southampton Hampshire

Poor Credit Record

Free Phone 0800 781 0414*
Contact us for help witha poor credit

Low Credit Rating

For bankruptcy go to Bankrupt or Good vs Bad Credit Debt Collector
For CCJs go to County Court Judgment
For missed payments go to Mortgage Arrear

Quick Enquiry Form
Name
Phone
E-mail

Enter security code

Security Code

Bad Credit History

Bad credit lending also can be known as a poor credit history loan, credit impaired mortgage, adverse lending and sub-prime lending. This is not ideal as specialist lenders will have higher interest rates then prime lending. This can potentially cost you a lot of extra money. Specialist lenders often will have a higher early repayment charge and long tie in periods so it is important therefore to source the best deal to suit your circumstances.

When you suspect your credit history is impaired a broker will need to have an up to date record of your credit file in order to source a mortgage. From this information the broker will research which are the most suitable deals to suit your criteria. This can be acquire either by yourself contacting the credit agencies (online downloads are available at Experian) or a broker can with your permission run a credit check.

The adverse credit lenders may have a rating system to ascertain the interest rate. Which unless is a fixed rate which is not always available will be a variable rate of the libor rate (similar to the bank base rate being reviewed for change approximately every three months) plus the calculated interest loading.

This loading may generally calculated by the addition of interest penalty points, which depend upon the degree and amount of bad credit. So for example there will be points for the number of county court judgments, the amount outstanding, satisfied or unsatisfied and the age of the CCJs. Or if it is mortgage arrears (poor payment history) then again points may be awarded for the amount in total, and the age of those arrears. These points are then added up to give the total interest rate loading figure.

The following APR relates to the above products only.
THE OVERALL COST FOR COMPARISON IS :-
8.9% APR
The actual rate available will depend upon your circumstances ask for a personalised illustration.

As mortgage brokers we have access to the sub prime lenders from the market as a whole and may be offered special exclusive deals only available to mortgage advisers, so please contact us for friendly assistance.

Free Phone 0800 781 0414

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

There may be a fee for mortgage advice, the precise amount of the fee will depend upon your circumstances. If a fee is charged it will be 2% of the loan amount payable on completion of the mortgage, subject to minimum £595. For example a £100,000 advance X 2% = £2000.
The
Financial Services Authority does not regulate some aspects of commercial finance, personal finances, buy to let and overseas mortgages.

 
Free Phone Help
0800 781 0414
You will be leaving this regulated site if you click on an image link below and we can not be responsible for that site's content or accuracy. UK Home Business

Free Phone 0800 781 0414
Amicable Mortgage Services Ltd, 32 Twyford Avenue, Southampton, Hampshire, SO15 5NP, which is authorised and regulated by the Financial Services Authority.
Registered office 5 New Broadway, Hampton Hill, Hampton, Middlesex, TW12 1JG, registered in England No4470987

©2008 * Free calls are from standard UK land lines only