Do you unfortunately have concerns over some adverse credit history but would still like a mortgage or a remortgage? Here at First Choice Finance with 25 years of experience we will endeavor to find you a suitable mortgage no matter what your credit history. Plus any quotations will be provided for free and without obligation. Adverse credit can affect anybody, even those with a history of a high credit score can easily become unstuck through a little bad luck, our aim is to try and help you get the mortgage you need whether your credit profile is adverse, fair or good. An adverse credit mortgage can not only raise money to buy a house, or carry out some required home improvements it can also help to repair your credit position if you keep up with the repayments. Give us a call on 0333 003 1505 (mobile friendly) or 0800 298 3000 (free phone) to talk your credit situation through with an experienced adviser, or fill in our short enquiry on line enquiry form .

What Is Adverse Credit?

Many customers that come to us aren`t sure why they have adverse credit and they are not alone. There are a number of things that can negatively affect your credit score and result in you requiring adverse credit mortgages when you are looking to refinance or buy a home. You will likely have a degree of adverse credit if you have any of the following:

• Mortgage, secured loan or rent arrears
• County Court Judgements (CCJs)
• Defaults on credit accounts
• Being in an Individual Voluntary Arrangement (IVA)

• Discharged bankrupt
• Repossessed in the past
• Regularly missed credit or loan payments

The list is not exhaustive and if you are unsure as to whether you have adverse credit then give us a call on the above number and we can better help you understand adverse credit mortgages.

Adverse Credit Mortgage Providers

The terms `sub-prime`, `adverse credit` or `bad credit` are used to describe deals aimed at those borrowers who do not fit with mainstream lenders requirements. Although many high street banks will not offer adverse credit mortgages we have developed close standing relationships with many specialist lenders that do. Generally interest rates will be a little higher and you will may need a larger deposit for many of the products that you will have access to with adverse credit mortgages, but that is not always the case. These lenders have to compete for your business just like any others which drives rates down and First Choice has access to some of the most competitive poor credit mortgage and remortgage products currently on the market. If you are looking for some free quotes to have an idea of the rates you might be faced with for an adverse credit mortgage then fill in our online application form and one of our specialist advisers will get back to you.You may be surprised just how decent some of the mortgage plan rates are

Adverse Credit Mortgage Calculator

Just as we strongly advise you to manage your budget carefully, whether you have adverse credit or not, we also encourage you to head over to our calculators page to see how much adverse credit mortgages might cost you. Depending on what you are looking for an adverse credit mortgage for, maybe a debt consolidation remortgage or to purchase a new property you can utilise our various tools. For Example we have a repayment calculator, a remortgage calculator and a debt consolidation calculator that can all aide you in better understanding what your monthly repayment might be.

Other Options Available For People With Adverse Credit

In some circumstances the adverse credit you have on your credit score may be too severe to pass the criteria that the specialist lenders require for an adverse credit mortgage. The best way to establish if this is the case is to give us a call on the above numbers and our advisers will be able to find the perfect mortgage for your situation or provide you with any alternate options that are available. For example, if you are looking for a debt consolidation remortgage to clear the adverse credit that has built up over time you may also be able to look at a second mortgage. A second mortgage or secured loan can raise much needed finances and often has less strict lending criteria, we will look at these with you so simply enquire when you want to know what is available to you.

Adverse Credit Remortgaging Help From Qualified Advisers

Video transcript

If you`re concerned about not being able to get a new mortgage for your property because of your credit history, you should consult First Choice Finance about an adverse credit remortgage.

According to Aqua, 72 per cent of people who get declined loans miss out because they haven`t completed previous payment agreements, whilst opening multiple accounts and apparently making more than four credit applications in a year can also affect your credit score.

If these things are related to your being over indebted with credit and you`re finding your existing outgoings a struggle, an adverse credit remortgage may help, as you can use the money to pay off your existing unsecured loans to leave you with a single lower repayment each month.

This should ease your cash flow and as long as you`re able to keep up the payments, it may well rectify your credit situation for applications next time around.

You do, however, need to bear in mind that this kind of remortgage may mean you end up paying more in interest over its full term.

Of course, you may be looking to remortgage for other reasons, like your existing deal is about to run out and you don`t want to be put on your lender`s standard variable rate and release some money.

Often when you have had adverse credit, you may think your options are limited or even none existent, but that needn`t be the case when applying through First Choice Finance.

That`s because we look through a wide selection of options and provide the most suitable one for you on a no-obligation basis, which you decline for free if you don`t think it`s right for you.

Find out more about adverse credit remortgage free quotes by filling in our on line enquiry form or call us on 0333 003 1505 from a mobile or 0800 298 3000 from a landline.

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