Getting a Mortgage with Bad Credit

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There are many people who struggle with their credit file. Having a poor credit score can have an impact on many different aspects of your life, hindering your ability to move forward positively and create a bright future. One such area is when you are putting together an application for a mortgage. If you have bad credit, it might not be possible through the traditional high street lending streams that we all know from yesteryear.

This is where Central Mortgages comes into play.We have developed a network of bad credit mortgage lenders, allowing you to access a mortgage with adverse credit. No matter your circumstances, we are sure that we have the network of contacts to help you out. Why should you be punished forever because of a poor credit score that was created in your past?

What Issues Create a Bad Credit Score?

There are several ways in which you might find your credit file marked negatively. A poor credit score can be caused by a missed payment on a credit card, consistent late payments on your rent or mortgage payments, or larger black marks such as County Court Judgments (CCJs) and bankruptcy against your name. All of these things add up over time to create a file of credit that is used to accurately portray your attractiveness to potential lenders.

If it looks like you are always struggling with debt and regularly miss payments, it is harder to be accepted on a line of credit. With every application that you make (and especially if you are rejected multiple times), you are likely to see your credit score become even worse.

How Does a Bad Credit Mortgage Work?

Although it is difficult to get a mortgage with bad credit, it isn’t impossible, and it never should be in reality. It is too easy for mainstream lending sources to turn their backs on those with bad credit, and at Central Mortgages we wanted to help out those who are struggling to move on with their lives through traditional credit application processes.

With a bad credit application, you are more likely to pay higher fees, and to require a higher deposit, but what it does is allow you the chance to gain access to a mortgage that might not have been possible through a traditional mortgage application route.

Our large network of adverse credit mortgage providers allows us to find the perfect bad credit mortgage for each applicant that comes to us. It allows us the flexibility to match you with you the right mortgage for your needs, your budgets, and your long-term plans.

How to Apply for a Bad Credit Mortgage?

It is simple really, if you want to find out more information about our range of bad credit mortgage providers you can speak to us today at Central Mortgages. Our team of mortgage experts are here to take your call and answer any queries that you have, finding you the perfect bad credit mortgage. Contact us on 01277 630 183 or office@centralmortgages.net.