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Home » Bad Credit Mortgages » Bad Credit Mortgages in Chelmsford

Bad Credit Mortgages in Chelmsford

We’re Here to Help

Do you have bad credit but want to buy a home? We hear you – and we’re here to help! We are A Little Mortgage Advice, the specialists in bad credit mortgages Chelmsford borrowers recommend. We have access to every lender in the UK and know which mortgages are the best options for someone just like you. So, your dream of home ownership might not be such a far-fetched thought at all.

Want to find out more? Here’s everything you need to know about us and securing a bad credit mortgage in Chelmsford.

01268 387898

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it



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Get Your Credit Report

Get a credit report to help give you the best chance of getting the right mortgage.
At A Little Mortgage Advice we recommend checkmyfile because of their reliability and accuracy of reports.

Click the link below to start your 30 day no obligation free trial.

*A Little Mortgage Advice receives a small fee from checkmyfile. Monthly fee of £14.99 applies after your free 30-day trial. You may cancel at any time without charge by Freephone, Secure Message, email or online. The free 30-day trial applies only to new customers aged 18 years or more who are living in the UK. The 30-day free trial period starts when you register.


Bad Credit

County Court Judgements (CCJs)
Defaults
Missed/Late Payments
Debt Management Plan (DMP)
Too many hard searches 
Excessive borrowing/large amount of debt
An Individual Voluntary Arrangement (IVA)
Debt Relief Order (DRO)
Bankruptcy

If you answer yes to any of the above you may think that it is not possible to be accepted on a mortgage application.

But with A Little Mortgage Advice we can help find you a mortgage to fit your circumstances.

How We Can Help

As a specialist independent mortgage advisor we work with lenders who specialise in bad credit mortgages.

There are a wide range of specialist lenders with specific eligibility criteria who may suit your circumstances.

Our team at A Little Mortgage Advice will discuss your situation and advise you on the best solution for you to proceed with a mortgage.


Why Choose A Little Mortgage Advice?

Specialist Advisor

We are a specialist independent mortgage advisor. This means that we work with all lenders and search the whole market to find you the correct mortgage product.

Personalised Service

As a small independent company you will be speaking directly to a mortgage advisor. We dedicate the same time to every client.

5 Star Reviews

Every client and phone call is important to us. We pride ourselves on offering a 5 star service every-time.

No Obligation Quote

We offer a free no obligation quote and great advice throughout.


What Are Bad Credit Mortgages?

Bad credit mortgages in Chelmsford are for those who have poor or limited credit history. The interest rates for these borrowers tend to be higher, and you may need to pay a bigger deposit as well. This is because you are seen as a bigger risk to a lender. Some people prefer to wait until their credit has improved before buying a home, but that’s not an option for everyone. If you want to make your move now, a bad credit option is your surest bet of being able to buy a home.

What Are the Benefits?

Securing a bad credit mortgage allows you to buy a home sooner rather than later. We don’t believe that anyone should be shut out of home ownership and will take care to match you to a compassionate, understanding lender who is happy to judge each applicant on an individual basis. The result? A mortgage that works for you, both now and in the future.

Making timely repayments on a bad credit mortgage will actually improve your credit score, making it one of many tools to improve your rating over time. This will make it easier to remortgage at a better rate or qualify for other kinds of loans in the future. Provided that you are serious about improving your credit score and are taking other steps to do so, a bad credit mortgage could be a great long-term move.

Why Do Borrowers Choose A Little Mortgage Advice?

We have a passionate team who have one goal: to get our clients the best possible mortgages. That extends to those looking for bad credit ones. There will be zero judgment from us; all we ask is that you give us as much information as possible so we can start your search right away. We have direct access to every lender in the United Kingdom, including all subprime and adverse lenders. We speak with their underwriters regularly and know what they are looking for from borrowers.

Talk to Us Today

We’re the experts in getting a bad credit mortgage Chelmsford borrowers trust, and we would love to add you to our ever-growing list of happy homeowners. So why not get in touch with the team today? We can’t wait to hear from you!

FAQs

Can you help me if I have been turned down for a mortgage before?

Many people assume that once they have been turned down by a lender, their chances of securing a mortgage have disappeared. That’s not the case though! There’s no such thing as an impossible case to us, and we have direct access to every lender in the UK. If we can’t find you a mortgage, then you won’t have to pay us a single penny.

Working with a mortgage broker with experience in bad credit mortgages really improves your chances of getting approved. So, if you have been turned down before, we are ready to help however we can.

Are bad credit mortgages different to regular mortgages?

When you are applying for a mortgage with bad credit, the lender sees you as more of a risk. As a result, any mortgage that you are offered may come with stricter terms. You might have a higher interest rate or be asked to have a guarantor. You may also need a bigger deposit, so it’s important to factor that into your plans.

All of this can sound pretty overwhelming, especially if this is your first time applying for a mortgage. We’re here to offer support at every stage, so you can turn to us with confidence.

How do I know if I am having a bad impact on my credit score?

The only way to know what kind of state your credit score is to obtain a full credit report. However, if you are someone who does or has done any of the following, you can expect your credit score to have taken a bit of a hit.

  • Missing or being late with payments
  • Having the wrong kind of credit card for your spending habits
  • Being the subject of a County Court Judgement (CCJ)
  • Just paying the minimum every month
  • Having no credit history at all

A credit report can sometimes be inaccurate, and suffering from something like identity fraud can also have an impact. So, sit down, assess the situation and look at what is in your control to improve it.


The Benefits of Working with a Mortgage Broker for Bad Credit Applicants