Bad Credit? Want a Mortgage? ... Fast!
Where possible a decision In Under 1 Hour From the initial conversation with an adviser.
0800 083 7747
YES ! in most cases you can get a bad credit Mortgage.
In most cases you can get a mortgage even if you have bad credit with a variety of problems such as:
- County Court Judgements
- Credit Defaults
- Mortgage Arrears
- Bankruptcy
- Previous Repossessions
Bad credit is no longer a barrier to obtaining a suitable mortgage and experience has taught us that on occasions nasty things such as CCJs etc can happen to genuinely nice people through no fault of their own. In such cases where the client requires a mortgage, we are here to help.
Many of our clients with a bad credit record have come to us with a seemingly impossible situation and been very satisfied with the mortgage solution provided.
A bad credit mortgage is a mortgage that is designed to help people with a bad credit history and all applications are subject to status and credit checks.
Bad credit mortgage.
A bad credit mortgage is a mortgage designed to assist people with a bad credit history, for instance people with CCJs, a poor credit rating and other historical credit problems including defaults, rent arrears, mortgage arrears, previous repossessions and bankruptcy.
Easy Acceptance.
Bad credit is not necessarily a barrier to obtaining an affordable mortgage. Experience has taught us that occasionally nasty events such as CCJs, rent arrears, mortgage arrears, and happen to genuinely nice people, possibly, through no fault of their own. UK mortgage brokers Apple Mortgages Limited will find a cost effective mortgage solution to your needs.
Bad Credit Broker.
We are uk mortgage brokers specialising in providing our clients with a range of mortgage broker only products including bad credit mortgage facilities that are available from a range of lenders.
How to Apply.
Clients who need a bad credit mortgage urgently can apply on line or call us on 0800 083 7747 to speak with an adviser about their needs for a bad credit mortgage.
Fax request for a bad credit mortgage can be sent to: 0161 429 0555. FAX ONLY
Postal requests for a bad credit mortgage can be sent to:
Freepost. Apple Mortgages Limited 34-37 Offerton Industrial Estate. Stockport. SK2 5TJ.
The term bad credit mortgage.
The term bad credit mortgage can also be described as an adverse credit re mortgage, or adverse credit loan. "Bad credit mortgage" is a very general term used to describe the all the possible circumstance that could result in a member of the public having a requirement for bad credit mortgage facilities. It could be that the client has a variety problems ranging from has a single ccj (county court judgement) to multiple ccjs, high street lender refusals, credit defaults, rent arrears, mortgage arrears or bankruptcy. One of these problems or any combination of problems could result in the need for a bad credit mortgage.
Past Credit Problems?
In brief, the circumstances in which a client may require a bad credit mortgage could be:
County Court Judgements may = a bad credit mortgage
Failed Credit Score may = a bad credit mortgage.
High Street Rejection may = a bad credit mortgage.
Mortgage Arrears may = a bad credit mortgage.
Rent Arrears may = a bad credit mortgage.
Previous Property repossession may = a bad credit mortgage.
Current Bankruptcy may = a bad credit mortgage.
Previous Bankruptcy may = a bad credit mortgage.
Self-cert may = a bad credit mortgage.
No accounts may = a bad credit mortgage.
Rejections Overturned!
We appreciate that if a client is rejected by the mainstream lenders due to some form of adverse credit as describe above, there is often a feeling of panic especially if the need for mortgage funding is very urgent. In such circumstances where the client has been rejected by the mainstream lender there may be a need for a bad credit mortgage. The client may be under pressure to buy their dream home or to release funds from their existing home for a variety of reasons. Such as loan consolidation, to pay off a large bill or to raise funs for an extension or business expansion.
In Confidence.
What ever the circumstances the client may have faced in the past or be experiencing currently that result in them being classed as suitable for a bad credit mortgage, UK mortgage brokers Apple Mortgages Limited will deal with all enquiries with complete confidentiality and the up most professionalism.
Mortgage Panel.
The advisers at Apple Mortgages Limited a leading UK mortgage broker are experienced in all aspects of bad credit mortgages and are able to access the products of the panel of bad credit mortgage lenders chosen by Apple Mortgages Limited. They advisers pride themselves on being fully conversant with the range of bad credit mortgage products on offer and are able to react quickly to client enquiries.
Fast Decision
As uk mortgage brokers will provide access to bad credit mortgage facilities in the shortest possible time and clients applying on line or by telephone for a bad credit mortgage will usually be approved in principle within 1 hour and the formal mortgage offer for their bad credit mortgage could possibly be issued within 12 working days from them completing the formal application for an bad credit mortgage providing the required documentation is available at application.
Mortgage Selection.
The mortgage sourcing software we use to access bad credit mortgages will give our staff the ability to give you a full written quotation on the proposed bad credit mortgage. Full terms and conditions of the bad credit mortgage will contained in the written quotation.
Bad Credit Mortgage Types.
Bad credit mortgages can be available as fixed rate mortgages, capped rate mortgages, variable rate mortgages, interest only mortgages and capital and interest repayment mortgages. As uk mortgage brokers we will provide the client requiring a bad credit mortgage with a full advice and recommendation about the bad credit mortgage before they decide to proceed to an application for a bad credit mortgage.
It's in Writing.
The quotation for the bad credit mortgage can be sent from our mortgage brokers office to you by post, e-mail or fax, however in our experience clients who need a bad credit mortgage would prefer a home visit from one of our uk mortgage broker consultants who are full trained in bad credit mortgages and sympathetic to the needs of bad credit mortgage clients.
Your Needs.
As uk mortgage brokers we fully appreciate that on occasions adverse circumstances can cause nasty things such as ccjs, defaults and mortgage arrears to happen to genuinely nice people resulting in them having a need for a bad credit mortgage.
Confidential.
All enquiries for a bad credit mortgage will be treated in the strictest confidence. Apple Mortgages Limited (uk mortgage broker) have the facility in-house to carry out a credit search that will reveal all the details on the clients credit history, residency history, voters role information and a name check. We also have the facility to carry out a land registry report in the case of an application for a bad credit mortgage remortgage.
Correct Information.
Both the above aspects are vital in ensuring the correct information is provided on the application for a bad credit mortgage and that the ownership of the property is correct in the case of a re-mortgage. The benefit to the client who is applying for a bad credit mortgage is that the whole process is speeded up because all the relevant information is disclosed early on in the application process.
Fast Acceptance.
Apple Mortgages Limited, a uk mortgage broker, are authorised to underwrite cases on behalf of bad credit mortgage lenders and offer an acceptance with one hour of the initial enquiry.
Once the application for a bad credit mortgage is received Apple Mortgages Limited, uk mortgage broker, have the facility to process the case on behalf of the majority of lenders on their panel. This facility once again greatly improves the ability to obtain a satisfactory offer of mortgage in the shortest possible time.
Fast Track Completions
Application for a bad credit mortgage Apple Mortgages Limited will, in addition to obtaining the credit search, instruct the valuer to act on behalf of the lender, apply for the employers reference for all mortgage applicants, obtain the rent reference and mortgage reference (where applicable) and in short gather all the information necessary to achieve a bad credit mortgage offer in the fastest possible time.
The process from application of the bad credit mortgage to the issue of a satisfactory mortgage offer is usually carried out from start to finish in less than three weeks.
The time taken to achieve a completion can vary but the acting solicitor will generally aim to complete the bad credit mortgage or bad credit re-mortgage within a matter of days from the receipt of the mortgage offer.
Distance no Object.
Enquiries for a bad credit mortgage will be welcome from all areas of the U.K. where there is a need for a uk mortgage from a client with a bad credit mortgage need. We will ensure the same speed of service and professionalism that you could expect from any uk mortgage broker providing clients with bad credit mortgages.
Apple Mortgages Limited are UK mortgage brokers delivering bad credit mortgages and other facilities listed in this website to clients across the U.K.
Costs.
uk mortgage brokers we are able to offer all clients and those clients in need of a bad credit mortgage advice about all the other costs normally associated with the purchase or re-mortgage process. For instance clients requiring a bad credit mortgage like all other mortgage clients will perhaps need advice on the costs of:
A valuation or survey.
A structural report if such a report is thought necessary.
Stamp Duty fees.
Local Search fees.
Mining search fees.
Land registry fees.
Solicitor's fees.
All the lenders who provide self cert mortgages and bad credit mortgages will stipulate that the acting solicitor has at least two fully qualified partners and that the firm acting is on the Law Society register of solicitors.
Solicitors.
Uk mortgage brokers Apple Mortgages Limited will ensure that the solicitor chosen by the client is suitable to the bad credit mortgage lender before the application is submitted, thus ensuring that the application for the bad credit mortgage reaches completion in the shortest possible time and with the minimum of hassle.
The UK mortgage and he solicitor acting for the client who is applying for the bad credit mortgage and self cert mortgage has a obligation to comply with the regulations on money laundering and other regulations, therefore it is important that the client ensures that when they are asked to provide information or documentation to support the application for a bad credit mortgage they respond quickly and supply the correct information and documentation. Otherwise there may be a delay in the issue of the bad credit mortgage offer.
Security
A bad credit mortgage operates in the same basic way as any other mortgage and quite simply a mortgage is a loan secured on property. Many clients will have heard of the expression "the security of bricks and mortar" bad credit mortgage lenders like all other lenders will use this security of bricks and mortar - the property value to lend money against "the mortgage".
The mortgage or bad credit mortgage is secured against the property and the value of the property is used as a benchmark by the lender in order to gauge the amount of mortgage or loan that they are willing to grant.
There are two main types of mortgage:
RESIDENTIAL. A loan secured against a house, bungalow, maisonette, apartment or flat.
COMMERCIAL. A loan secured against a business premises, a shop, an office or factory etc.
Bad credit mortgages are available on both types of property and as UK mortgage brokers Apple Mortgages Limited will be able to assist clients who are looking for either a residential bad credit mortgage or a commercial bad credit mortgage.
Credit History.
In order to determine if the client has experienced past problems that would result in them requiring a bad credit mortgage the lender or UK mortgage brokers Apple Mortgages Limited will carry out a credit search.
The credit search is sometimes referred to as a credit file, the credit file will reveal all relevant details including any county court judgements that have been issued against the applicant for a bad credit mortgage, other information in the credit file will include, previous addresses, credit defaults, details of existing credit, payment history, previous names, details of other occupants and information from the voters register. All this information is very important in ensuring that the client has the most appropriate bad credit mortgage.
Many clients applying for a mortgage will already be aware of the details from their own credit file and the amount of historical bad credit that is listed on the record and the reasons why they need a bad credit mortgage. Other clients who have been rejected by a mainstream lender may be completely unaware of the reasons why they have been 'black listed', in these circumstances clients will be given expert guidance and advice on the process of obtaining a copy of their own credit file from uk mortgage brokers Apple Mortgages Limited.
We Act For You.
Clients using the service of uk mortgage brokers Apple Mortgages Limited to apply for a bad credit mortgage will be assured to know that Apple Mortgages Limited act form them and not the lender who is providing the funds for the bad credit mortgage. We never forget that the client comes first in all our dealings for the mortgage, life assurance, buildings and contents and wills.
Nationwide.
U.K mortgage brokers Apple Mortgages Limited can provide a fast and efficient service for all clients seeking the facility of a bad credit mortgage irrespective of the geographical location. In short we cover the country and provide a fast track completion service.
So whether you are a first time buyer, a home mover or a re-mortgage client uk mortgage brokers will provide you with the bad credit mortgage that you require and in the shortest possible time.