What’s more, once you’ve found a solution, paying your mortgage on time for a few years should help you ‘repair’ your credit history and move to a standard mortgage at a lower rate.
Let’s find out.
You may need a larger deposit and interest rates tend to be higher than on standard mortgages but we’re here to help you explore your options, so just give us a call on 01664 414141.
These are mortgages offered by lenders who are willing to lend to people with poor credit histories. Interest rates and charges for these mortgages tend to be higher because of the perceived risk. However, if you can make your repayments on time, your credit rating will start to improve – and you may be able to switch to a more competitive deal within a few years.
There are certainly things you can do which will have a positive effect on your credit score in the future.
For a chat about credit repair mortgages and whether they’re right for you, get in touch today.
Call us on 01664 414141 to fix a convenient appointment.