A bad credit mortgage is just like a regular mortgage. However, it comes up with a high interest rate due to high investment risk.
No one wants to do business with someone who has a bad credit history. However, if that sounds like you then you should not really worry.
You can get a mortgage despite having a bad credit history.
How Do Bad Credit Mortgages Work?
Bad credit mortgages are just like every other regular mortgage. It is a normal deal with a high interest rate. You can borrow only at a certain amount or rate. In most cases, the deposit you are asked to pay is also higher. This is because every bad credit is seen to be at a higher risk for investment.
Can I Apply For A Mortgage Loan With A Bad Credit?
At Care4mortgages, consultants are prepared to deal with all kinds of cases. So, if you have a bad credit history then you should not worry much. It is still possible for you to get a loan. However, you are still expected to take care of your credit history. This means that it is important for you to budget sensibly.
Please note that these mortgage services are provided by Care4Mortgages which is a trading style name of Mian Asif Zubair who is an Appointed Representative of Ingard Financial Limited which is authorised and regulated by the Financial Conduct Authority 450731. DPA number Z1092956.
Mr. Zubair is a qualified mortgage broker holding the qualification of CeMAP with FCA number 814367.