Bad Credit Mortgages Guide

You can still get a mortgage when you have a bad credit record; with most lenders having specialist bad credit mortgage divisions within their mortgage departments.

Click n go Mortgages can help you get a bad credit mortgage even if you have one or more of the following:

• Mortgage, secured loan and rent arrears
• County Court Judgements (CCJs)
• Defaults & Missed Payments on Credit Cards and loans
• Individual Voluntary Arrangements (IVA)
• Discharged bankrupt
• Repossession
• Self-employed with no accounts

There are many reasons why you may have a bad credit rating, such as loss of a job, divorce or a business venture collapsing. You may have been declared bankrupt, fallen into arrears on a mortgage or have a CCJ (County Court Judgment) against your name. If you have a bad credit rating, you might find that your mortgage application is rejected by a mainstream lender so will need to apply for a Bad Credit Mortgage deal instead.

There are several levels of Adverse Credit History

• Light Adverse Credit History
• Medium Adverse Credit History
• Heavy Adverse Credit History

Take a look at our bad credit mortgages case studies for further information.

The downside to a bad credit mortgage is you will pay a higher interest rate because the mortgage is seen as risky and therefore the banks need to cover the costs of any bad debit arising from lending on bad credit mortgages. However there is still a full range of fixed, capped, discounts, trackers and flexible bad credit mortgages available to you.

If you have a deposit this will also help you get a Bad Credit Mortgage.

Apply now for a Bad Credit Mortgage and Click n go Mortgages will find you the best deals on the market.