Post-bankruptcy mortgage advice
If you have declared bankruptcy in the past 6 years, you could be struggling to find a mortgage with bad credit, or you could just be worried that you might not be accepted at all – this is completely understandable. Highstreet lenders can be hesitant to lend out bad credit mortgages, this will depend on the blips from your credit report – and if that blip is something as serious as a bankruptcy, then you can run into problems.
On a positive note, there are thousands of people just like you out there, some of whom are exploring the options of a bad credit mortgage too. This has created a market for adverse credit mortgages. Thankfully, there are choices when it comes to your post-bankruptcy mortgage options. The even better news? we can help arrange your bad credit mortgage.
When you are discharged from bankruptcy, you need to start rebuilding your credit profile, and an adverse credit mortgage could help you get things moving! Your interest rate may be slightly higher initially, this is because mortgage lenders will consider you a higher lending risk than a conventional customer. However, if you keep up your repayments, your credit score should improve which will enable you to upgrade from an adverse credit mortgage to a standard mortgage, offering lower rates and more manageable monthly payments. The upgrade to a better mortgage lender can take place after even just a couple of years.
Our advisors are bad credit mortgage specialists and regularly deal with bankruptcy mortgage lenders. With comprehensive access to the UK mortgage market, we are able to source the best available deals that suit your circumstances. Even if you have recently been discharged from bankruptcy, it’s still possible to secure a mortgage and obtain an Agreement in Principle from the specialist lenders we work so closely with. No more panicking about payday loans and bad credit. Let CLS find your perfect match mortgage broker and the competitive rates you've been dreaming of.
So, contact our team of experts today and see how we are able to help.