Quotesure - Bad Credit Mortgages and Remortgages

It hasn't always been easy to apply successfully for a mortgage when you have a history of bad credit or CCJs. The emergence of high street lenders' products help to increase your chances of a successful application and today, more and more mortgage providers are able to lend money to people with a history of adverse credit. Lenders realise that borrowers may have been a victim of circumstance in the past and are now able to fulfill their financial commitments in full.

Adverse credit mortgages will not offer the most competitive APR (Annual Perecentage Rate) of interest but taking out a bad credit mortgage can mean that you are able to buy your own home and in time be able to take advantage of the positive credit history this should bring, thus enabling you to take out a non adverse product in the future.

This being said, interest rates on a UK adverse credit mortgage may vary depending on your circumstances, they may be higher than standard mortgage rates in many cases but this might not be the case if for example, you were able to put a larger deposit down on your property thus making the ltv (loan to value) % lower. By doing this you may find that the interest rate payable could be more comparible with a standard mortgage product.

LenderRateTerm & TypeFeeMaximum Loan to Value
Beacon Homeloans7.33%2 year fixed2.5%65%
Max £750 in unsatisifed CCJs; ignores all defaults; max 1 arrears in last 12 months.
Early Redemption Penalty: 7% year of loan amount for 2 years		Mortgage Quote
I-Group7.94%4 year fixed£299590%
No CCJs in last 2 years; ignores all defaults; no arrears
Early Redemption Penalty: 7% of loan amount in year 1; 6%, year 2; 5%, year 3; 4%, year 4		Mortgage Quote
Accord8.70%2 year tracker£99575%
Max £7500 unsatisified CCJs; max 3 arrears arrears in last 12 months.
Early Redemption Penalty: 6% of loan amount in year 1; 5% in year 2		Mortgage Quote
I-Group10.14%1 year discount£199575%
Max 6 unsatisfied CCJs; ignores all defaults; max 4 missed payments in last 12 months, 2 in last 6
Early Redemption Penalty: 7% of loan for 1 year		Mortgage Quote
Rates updated : Wednesday, 27th August 2008

By completing our free mortgage quote form your details will be sent to a mortgage consultant that is used to dealing with people with an impaired credit history due to CCJs/decrees, defaults, mortgage arrears or council tax problems. Remember by completing the quote form does not imply you of any obligation whatsoever. You will be notified before you submit your enquiry as to who will be contacting you.

Mortgage Quote

To find out more about adverse credit mortgages in the UK or for help in completing the short enquiry form please call us on 0870 160 1918 during normal office hours where one of our friendly staff will be happy to help you.

We have access to specialist brokers and lenders for bad credit mortgages and remortgages. So if you have a slightly imperfect credit history then you could still get a mortgage. One in four people in the UK are turned down for a standard mortgage so you are not alone in looking for a bad credit mortgage. The sub prime market or non status mortgage as it is also known has grown because of this and so borrowers with an adverse credit history now have a greater choice of products to help get onto the property ladder and then repair your credit history as long as you make your repayments on time every month.