O/T Adverse Credit Mortgages

Suited_Jock

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O/T Adverse Credit Mortgages

« on: November 22, 2006, 01:05:56 PM »

Meh its a long shot but wondering if anyone has any reccomendations about providers of mortgage lenders to those with light to mid adverse credit. I won't go into specifics about my history as I was young and naive but now its coming back to haunt me.

Definitely unable to lend from a high street lender so was wondering if anyone else had the same issues. If wanting to keep private can PM me.. my next option is to go to a financial advisor but with all the fees im gonna have to pay to buy a property im not particularly wanting to pay them a % on top of everything.

Any help much appreciated.


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Re: O/T Adverse Credit Mortgages

« Reply #1 on: November 22, 2006, 01:14:57 PM »

Financial advisors are a good way to go, as for the percentage many get their fee from the lender so you don't pay.


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roverthtaeh

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Re: O/T Adverse Credit Mortgages

« Reply #2 on: November 22, 2006, 04:45:15 PM »

I recently used an independent financial advisor to find the deal that best suited my personal circumstances. I gave him all the information, waited a week, and presto, job done.
And, like the previous poster said, it didn't cost me a penny extra because the advisor is paid by the lender for the business he provides them.
Good luck.


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jezza777

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Re: O/T Adverse Credit Mortgages

« Reply #3 on: November 22, 2006, 04:57:44 PM »

Northen Rock are pretty good. I also used a financial Advisor and she was great. No cost the lender gives her a couple of grand and it is all very transparent. There are ways to get non status mortages but it is all a little dodgy and you can absolutely never miss a payment. (you also need a mortgage broker in your pocket)


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roverthtaeh

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Re: O/T Adverse Credit Mortgages

« Reply #4 on: November 22, 2006, 05:03:08 PM »

You may also like to enquire about Self Certification Mortgages, just a thought.


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Re: O/T Adverse Credit Mortgages

« Reply #5 on: November 22, 2006, 05:39:06 PM »

Quote from: roverthtaeh on November 22, 2006, 05:03:08 PM

You may also like to enquire about Self Certification Mortgages, just a thought.

Such a sweet coup!!!! Roll Eyes


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madasahatstand

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Re: O/T Adverse Credit Mortgages

« Reply #6 on: November 22, 2006, 05:44:43 PM »

you should think about joining a local credit union. they are more willing to give people a chance. a good financial advisor will come free as others have said and should be able to find a lender for you somewhere. good luck


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Suited_Jock

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Re: O/T Adverse Credit Mortgages

« Reply #7 on: November 24, 2006, 12:24:34 PM »

BTW thx everyone for the advice. Went to an IFA and sorted a mortgage with the chelsea... 4.8% fixed for 2 years holla!


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