Buying A House With Bad Credit

Many people have come across problems with their finances from time to time, missing payments on your credit cards, receiving a county court judgement or defaulting on other types of finance. You may think that if any of the above refers to you then you may not be able to buy a house. Although having an adverse credit profile may affect the mortgage options available, it may not stop you getting on the property ladder.

Here at First Choice Finance we have a panel of mortgage lenders, many of home have mortgage plans that accept people with bad credit allowing them to help you buy a property to make it a home.

When you enquire to First Choice Finance you will be given advise from a qualified mortgage advise who can help you in your search for a mortgage that will suit your needs and requirements. All mortgage quotes are free and you will be under no obligation to proceed with any offer you may receive.

Bad Credit Buy To Let Mortgage

Many of us consider entering the buy to let market as an investment, a blip on your credit profile can make becoming a landlord more difficult but there are buy to let mortgage deals available that could be used to purchase a house to rent out.

Poor Credit Mortgage

Video transcript

If you`ve been unlucky enough to have had a bit of history of not paying bills on time, you may need to look into a poor credit mortgage when you`re looking to buy a home or renew your existing home loan.

It is all too easy to end up in an adverse credit situation.

Getting into arrears with credit card, mortgage or loan repayments is just one way you can harm your credit rating, having too many credit checks within a short period of time can have a similar effect, especially if there is no credit line started after them.

Then in a quirk of financial services, not having any credit can also be just as negative an impact as having some adverse credit, because you are seen to have no track record.

However, with First Choice Finance, because we start by manually looking at your specific scenario and have long standing relationships with many lenders from our 25 years of experience, you can still be presented with a wide selection of poor credit mortgages even though you may have felt at a dead end.

We provide in house processing and our own advisers help to get you the mortgage you want, so we do most of the leg work and you just decide, without obligation, if you want to go ahead.

If you`re happy, we`ll get your home loan sorted as quickly as possible, so you get your mortgage and if you keep up the repayments you could even begin to repair your credit file.

Discover more about getting mortgages with poor credit by visiting firstchoicefinance.co.uk or by calling us on 0800 298 3000 from a landline, or 0333 003 1505 from a mobile.
 

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