Adverse Credit Mortgages
If your credit history isn’t perfect, you’re not alone. We know that life can throw unexpected challenges your way, and financial hiccups happen to the best of us. Missed payments, defaults, or CCJs often limit mortgage options, making it seem impossible to move forward.
At Foremost Financial, we focus on overcoming these barriers. We work with lenders who understand your situation and offer flexible options, making the process straightforward and stress-free.
Think carefully before securing any other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage.
MORTGAGE
Why Choose Us?
At Foremost Financial, we concentrate on finding tailored mortgage solutions for clients with poor credit. Our experienced team has helped many clients rebuild their financial futures through expert guidance and personalised mortgage options.
- Specialist Knowledge: We work with lenders who understand your situation and offer flexible options.
- Experienced Guidance: Over 30 years of helping clients overcome financial challenges.
- Simple Process: We handle the complexities so you can focus on moving forward.
Adverse Credit FAQ
What is Adverse credit?
Adverse credit is a term used to describe a poor or bad credit history. Indicating to creditors that a borrower may be high risk
Can I get a mortgage with bad credit?
If you have a history of bad credit including; arrears, defaults, county court judgements (CCJs), debt management plans or bankruptcy, there are still options available. Your choice of lender and type of mortgage will be limited, and the interest rate will be higher than someone who has a good credit rating.
How can I improve my credit file?
- Avoid new credit applications
- Pay bills and make payments on time
- Register for the electoral roll
- Reduce your outstanding debt
Can a guarantor help my chances of getting a mortgage with bad credit ?
Yes, a guarantor with good credit can improve your chances of securing a mortgage. The guarantor agrees to cover your payments if you cant, reducing the banks risk.
Process
Consultation
We’ll begin by gathering key information to understand your financial situation and determine how much you can realistically borrow. A basic credit check will also be conducted to assess eligibility.
Solution
Using the details from the consultation, we’ll search for the most competitive mortgage rates tailored to your unique circumstances.
Application
We’ll take care of all the paperwork and manage your entire mortgage application, ensuring you're kept informed every step of the way.
Completion
Once approved, you can enjoy the benefits of your new mortgage and move forward with confidence.
Consultation
We’ll begin by gathering key information to understand your financial situation and determine how much you can realistically borrow. A basic credit check will also be conducted to assess eligibility.
Solution
Using the details from the consultation, we’ll search for the most competitive mortgage rates tailored to your unique circumstances.
Application
We’ll take care of all the paperwork and manage your entire mortgage application, ensuring you're kept informed every step of the way.
Completion
Once approved, you can enjoy the benefits of your new mortgage and move forward with confidence.
Consultation
We’ll begin by gathering key information to understand your financial situation and determine how much you can realistically borrow. A basic credit check will also be conducted to assess eligibility.
Solution
Using the details from the consultation, we’ll search for the most competitive mortgage rates tailored to your unique circumstances.
Application
We’ll take care of all the paperwork and manage your entire mortgage application, ensuring you're kept informed every step of the way.
Completion
Once approved, you can enjoy the benefits of your new mortgage and move forward with confidence.