Bad Credit Mortgage Case Studies

Light Adverse Credit History

A couple, who were first-time buyers with a 10% deposit, needed 4 times their joint income. One of them had a CCJ (County court judgment) of £250 recorded to due issues with a mobile phone contract in Aug 2006 and also had late payments on their credit cards. They were rejected by traditional high street lenders Halifax, Natwest and Woolwich. They required a mortgage of 90% of a purchase price of £200,000, Click n go Mortgages were able to secure a mortgage with Future mortgage Ltd.

Medium Adverse Credit History

A client required a 90% purchase as they had a CCJ and defaults of £3000 which was unsatisfied; they had two missed mortgage payment in the last 12 months and one missed payments on their unsecured credit in the last six months. At the time they were with C&G who declined their application for their new home. Fortunately Click n go Mortgages were able to arrange a mortgage with BM Solutions.

Heavy Adverse Credit History

Our clients wanted to remortgage to consolidate all their outstanding unsecured credit commitments into on manageable payment. Although they had ongoing mortgage arrears, and had only recently been discharged from bankruptcy. Click n go Mortgages were able to secure a remortgage with GMAC without the requirement to supply evidence of income due to the nature of their self employment.

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