Mortgages With Bad Credit

There have been a few new lender over the last 18 months that have entered the UK Mortgage Market and offer the UK population "Bad Credit Mortgages", the terms on what these mortgages are set our are very strict and it does not mean that every one in the UK can now go Pre-Credit Crunch and secure a mortgage deal know matter what credit problems they have. Their lending criteria is very strict and these products can only be accessed by using a Bad Credit Mortgage Broker, the public can not go direct to these lenders and apply for Poor Credit Mortgages.

Mortgage Lenders For those with Poor Credit

Before the 2008 Credit Crunch there was approximatley 40+ Mortgage Lenders For Bad Credit, today there is no more than 5 and their lending criteria is very strict when it comes to loan to ratios and affordability, everything you tell the lender must be evidenced i.e. pay slips P60s and so on.

Getting Mortgage Advice from specialist Poor Credit Mortgage Broker who works for KPM Financial Services around the area of Mortgages With a Poor Credit rating could save you a lot of time and more importantly money when it comes to Mortgages with Poor Credit.

First Time Buyers With Poor Credit History

There are a couple of lelnders who will consider a mortagge for a First Time Buyer With Bad Credit but the LTV will be restricted to 80% and they would have to be able to demonstrate affordability and a good reason why they need "poor credit mortgages".

Remortgage with Bad Credit

There are lender who will allow peole to Remortgage With Bad Credit but the terms on which they will lend will be restricted especially when it comes to how much they can borrow against the value of the property, this is usually restricted to 75 -80% of the Open Market Value of the Property. If you need mortgage advcie in this are get some independent mortgage advice from KPM Financial Services

Bad Credit Mortgage Calculator

You can use the Mortagge Calculators on our site, when it comes to a bed credit calculation I would suggest that you increase the interest rate by 1.5% and this will give you a rough idea of what the mortgage payments would be from Mortgage Lenders With Bad Credit who lend to consumers with bad credit