Video transcript
Having a bad credit rating can make getting a purchase mortgage or home mover loan a more difficult task, but First Choice Finance can help by finding a number of mortgages for bad credit from across their panel of lenders.In November 2012, credit card firm Aqua conducted a poll which showed that there are many criteria that could damage your score, with the most common one being people not completing their payment agreements.
Younger people may also struggle to get loans, while opening more than two credit accounts in recent months and making a number of applications for credit can also be frowned upon by some lenders that you may seek to borrow money from.
However, there are mortgages for bad credit out there, so you needn`t give up your dream of home ownership or moving home, because you`ve not paid back all of your store cards on time or still have borrowing outstanding on motor finance or have some late payments on your accounts.
These deals may be difficult for you to find as often these lenders deal through intermediaries, this is where First Choice Finance can help you discover the relevant home loans as we`re a broker that can find mortgages from a range of sources, meaning we can have a greater chance of identifying a suitable one for your needs.
All we need to get the ball rolling are a few details that you can give to us through our quick and simple online enquiry form. We also have second mortgage products for you to utilise to raise the funds you require. If you want to see what payments look like for different amounts you are thinking of remortgaging for, then try out our remortgage calculator in our calculators section on our website.
Discover more about mortgages for bad credit and fill out the application form at firstchoicefinance.co.uk or call us for free from a landline on 0800 298 3000 or from a mobile on 0333 003 1505.