Mortgages for Bad Credit
Many people with bad credit believe that they will never be able to get a mortgage. However, this is not the case!
It may take some work and time, but there are many lenders out there willing to offer you a mortgages for bad credit regardless of your credit rating.
A bad credit mortgage is precisely what it sounds like, a loan that has been created with people in mind who might not necessarily have excellent credit scores. Yet need financing to purchase a property. Although there will be some restrictions when compared to someone who has excellent credit, it doesn’t mean they are impossible to get!
Having a bad score will make it difficult to borrow money as lenders won’t want the risk of lending to someone with no track record of managing debt. Bad scores are also expensive because higher interest rates mean higher monthly mortgage repayments for people who do qualify for mortgages.
Perhaps you were late on a payment or two, but the matter was settled quickly. Maybe older debts are still hanging around from when you first started out in life. Whatever the reason may be, it doesn’t mean there aren’t steps that can be taken to improve your chances of obtaining Mortgages for Bad Credit!
Have an honest conversation with yourself about how long it will take before things change for the better to restore your credit score to a respectable level. If this process takes too long, then perhaps getting a standard mortgage isn’t right at all times.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.
What options are there? There is always an option! At Airborne Mortgage Solutions, we can assist you with the process of getting a bad credit mortgage. We work with multiple lenders who will want to know more about your particular situation and how you plan on improving your chances of repayment in the future.
We can provide you with a free quote and answer any questions that you may have about the process of getting mortgages for bad credit. Our accredited mortgage advisers will use a number of factors to determine how much you can borrow. Our brokers have access to multiple lenders who specialise in bad credit mortgages, so we are able to get the best deals from our panel and offer advice on what is available.
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Mortgages for Bad Credit
As with any financial decision, it’s really important that you do your research before making an application for credit. Otherwise, this could lead to another problem down the line. We work closely with our clients helping them understand their options and giving support throughout the entire process! By using Airborne Mortgage Solutions, you’ll also receive expert advice directly from us every step of the way.
IS YOUR HOME PROTECTED?
Insurance and Protection
At Airborne we like to support our clients with all of their needs. That’s why we are happy to help with life insurance and critical illness cover too.
Even although we all hope that it’s something we’ll never need, it’s vitally important to protect your investment and cover yourself and your loved ones for those unexpected events.
Beyond exploring mortgage deals, as specialist mortgages, we can also assist you in securing life insurance and critical illness coverage. Our team understands the importance of safeguarding your family's future, and we're here to guide you in choosing the right policy to suit your specific needs.
Speak to a member of our friendly team to find the very best policy for your specific needs
HOME INSURANCE
Protecting your investment for those unexpected events we hope will never happen.
INCOME PROTECTION
Making sure that the essential bills can be paid should you be unable to work.
Related Blog Posts
Helpful blogs for Bad Credit Mortgages
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