Looking for a mortgage but have a poor credit rating?
If you are dreaming about owning your own home and have a less than ideal credit history, you could be finding it difficult to secure a mortgage, or a lender might have refused you a mortgage altogether.
We are here for you, taking the time to understand your circumstances so that we can provide advice on the right mortgage for you.
What are the causes of a bad credit rating?
You might have missed a payment, have a County Court Judgement (CCJ) against you, defaulted on a loan or credit card, have an IVA in place or experienced bankruptcy. You may also be the victim of identity theft, having someone compromise your credit cards and running up huge bills in the process. Whatever your situation, we are here to help.
How your credit rating can affect you
When it comes to borrowing money, lenders will review your credit score to check if you’re a safe bet or not.
Can I fix my credit score?
Yes, the good news is you can. It may take a little time to get there but here are some actions you can take to get back on track.
The impact of having a good credit score on your mortgage
It’s certainly worthwhile adopting behaviours that will positively impact your credit rating as you are more likely to be accepted for mortgage deals that have lower rates and lower deposit amounts, all of which will save you a substantial amount of money over the lifetime of your mortgage.
We specialise in poor credit mortgages
We can give you expert advice about poor credit mortgages and will tailor a mortgage solution to match your individual needs and homeownership goals.
We have access to an extensive network of lenders that specialise in a variety of financial situations, offering a wider choice and an improved prospect of finding the right mortgage for you.
Your dream home made possible
Poor credit need not be a barrier to owning your own dream home. Having Mallory Financial on your side providing advice and support along the way will give you reassurance, knowing that we will strive to find the most appropriate mortgage deal for your unique circumstances.
Take that first step on your financial journey by calling us today.
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