Experts In Getting Mortgages For People With Bad Credit
With our experience and knowledge, you have the best chance of getting the mortgage you need , even if you have been turned down elsewhere.
Bad Credit Mortgages in Colchester
How We Can Help You
Welcome to A Little Mortgage Advice, the specialists in bad credit mortgages Colchester borrowers recommend. If you have bad credit but dream of owning your own home, we are here to help you. When you choose us, you can benefit from our access to every lender in the UK, allowing us to find a mortgage that is the perfect fit for your needs. With our assistance, you are much more likely to be approved for a mortgage.
Want to find out more about us and how we can help you? Here’s everything you need to know about us and getting a bad credit mortgage in Colchester.
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.
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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?
What exactly are bad credit mortgages in Colchester? Well, as the name suggests, they are for borrowers who have poor or limited credit history. The interest rates for these types of mortgages are often higher, and you may need to put down a bigger deposit as well. This is because lenders see you as a bigger risk and need to put mitigation steps in place. If you want to make your move and buy a property now rather than wait years to achieve perfect credit, then a mortgage like this is a great option for you.
What Are the Benefits?
There are a number of benefits to bad credit mortgages. First of all, you won’t have to wait to buy a home. We work hard to match borrowers with lenders who will have an understanding of their situation, giving them a mortgage where the repayments meet their needs now and in the future.
Making timely repayments on a bad credit mortgage can even improve your credit score over time, making it a great tool in your strategy to turn things around. When you have a better credit score, you will find it easier to remortgage at a better rate or qualify for other kinds of loans in the future. So, as long as you are taking other proactive steps to improve your credit, a bad credit mortgage could be a great choice.
Why Choose A Little Mortgage Advice?
We are passionate about getting our clients the best possible mortgages, no matter their credit score. We will never judge you and believe that no one should be shut out of home ownership. As long as you give us as much information as possible, we will be able to start searching for the best mortgage for you right away. We have direct access to every lender in the United Kingdom, and we speak with their underwriters regularly and know what they are looking for from borrowers. You couldn’t be in the hands of a more knowledgeable team.
Talk to Us Today
We’re the specialists in getting a bad credit mortgage Colchester borrowers recommend, and we would love to extend our help to you. So why not get in touch with us today?
FAQs
What is a subprime mortgage, and is it the same as a bad credit mortgage?
Looking for a mortgage can be overwhelming, and you may come across terms that you aren’t familiar with. One such term is subprime mortgages. Well, the good thing is, they are exactly the same as bad credit mortgages! Subprime doesn’t actually have anything to do with the terms of the mortgage itself, but rather the credit score of whoever is taking out the mortgage.
At A Little Mortgage Advice, we are here to explain any terminology that you may find confusing, allowing you to make a truly informed decision at every stage.
How can I start improving my credit score today?
If you have bad credit, it’s all too easy to assume that it has to stay that way. However, there are things that you can do to improve your credit score, some of them simple enough to start putting into place today. These are:
- Make sure that you are registered on the electoral roll at your current address
- Build your credit history to make it easier for lenders to assess you
- Make regular payments on time
- Keep your credit utilisation low
- Avoid moving home a lot if you can, to show stability in your circumstances
- Consider getting a credit builder card
Will you be able to find me a bad credit mortgage in Colchester?
We have a great track record when it comes to finding bad credit mortgages for our clients in Colchester. You have a much higher chance of being approved when you use a mortgage broker, and we specialise in bad credit mortgages. We have access to all UK lenders, including subprime ones.
If we are not able to find you a mortgage, then you will not have to pay us a penny – it’s as simple as that! So, you have nothing to lose if you choose to work with us, and can go ahead with total peace of mind.