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Universal can provide you with a Bad Credit Mortgage. We have a range of products and services available.
If you have bad credit it may be sensible not to take on more debt, but if you need a mortgage due to your personal circumstances, or if you need to remortgage and have bad debt, there are bad credit mortgages available through Universal.
The choice of mortgages for people with bad credit is decreasing, although it is true that the less your problem, and the less behind you are, the better chance you have to get bad credit mortgages.
If you have bad credit, it is very important to make sure the situation is no worse than it needs to be especially if you plan to apply for bad credit mortgages.
It is relatively simple to check your credit report for mistakes, and have any incorrect entries removed. "Cleaning" your record is a good move.
If your bad credit problems have been cleared up, then make sure your report reflects this, as this will help you to get the best possible deal on your bad credit mortgages.
If you have had bad credit problems, most lenders will be cautious about issuing bad credit mortgages to you, so it is important to show the lender that you are financially stable at the moment - and will stay that way.
If you have experienced bad credit problems this will limit the loan size against the value of your property ( commonly referred to as loan to value ) Typically a lower loan to value equals a lower interest rate.
It is an unfortunate fact that with bad credit mortgages you are going to have to pay more for your mortgage than someone with excellent credit. However, there are higher rates and higher rates, and we can shop around for you.
There may be several lenders who can offer you a good deal on your mortgage, even if you need a bad credit mortgage.
Mortgage companies that specialise in bad credit mortgages are used to debt, and if you are honest with them they can work with you to secure you a mortgage offer.
Contact Us today and we can help you!
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Universal Mortgage Services Ltd. Registered in England No:04945786 Authorised & Regulated by the Financial Services Authority. No: 301028 Secured loans are not regulated by the Financial Services Authority Universal Mortgage Services Ltd 1st Floor Offices 5 Little Castle Street Truro Cornwall TR1 3DL E-Mail: info@universalhomeloans.co.uk |
Mortgages: The overall cost for comparison is 8.9% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case.
Loans: Typical 12.9 % APR (variable)
Fees charged on completion vary according to the sum borrowed and can be included in the total sum of the mortgage, and in which case will accrue interest. £2,500 is an indication of our average fee.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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