Adverse Credit Mortgages

Your home may be repossessed if you do not keep up repayments on your mortgage.

Adverse credit mortgages, also known as bad credit mortgages or subprime mortgages, are tailored for individuals with a poor credit history. These mortgages may offer options for those who have faced financial challenges when traditional lenders have been unable to assist.

What is Adverse Credit?

Adverse credit can arise from various financial difficulties, such as:

– Missed payments: Failing to pay bills or debts on time.

– Defaults: Not meeting debt repayment terms.

– County Court Judgments (CCJs): Court orders to repay a debt.

– Individual Voluntary Arrangements (IVAs): Formal agreements to pay back debts.

– Debt Management Plans (DMPs): Informal agreements to repay debts over time.

– High credit utilization: Using a significant portion of your available credit.