Bad Credit Mortgages Basildon

If you live in Basildon and are looking for mortgage advice as you have bad credit registered, we are here to help. We have access to specialist lenders who provide mortgages to clients that have been declined by traditional high street lenders.

What type of bad credit do lenders accept?

The bad credit that we typically see on clients credit reports include the following:

• Missed Payments - These could have happened years ago or perhaps more recently.
• Defaults - This is where you were between 3-6 months in arrears and therefore the lender has issued you with a default. You would have defaulted for a set amount of money on a specific date. Even if you satisfy this default it will remain on your credit report for 6 years.
• County Court Judgements (CCJ) - This is where you have been taken to court over a debt issue.
• Debt Management Plans - This is where you have made a payment arrangement with your lenders to help with the financial strain you are under. Typically this is arranged through a 3rd party.
• Bankruptcy - If you have been made bankrupt in the past there are still lenders that would be willing to help, however the bankruptcy must be discharged.
• Individual Voluntary Arrangement (IVA) - If you have in the past taken out an IVA there are lenders that can help however the IVA must be satisfied.

When looking to arrange a mortgage the first step is to obtain a copy of your credit report. There is a company called CheckMyFile who provide credit reports which show the data from the two main credit agencies being Experian and Equifax. With this credit report you should speak to one of our bad credit mortgage advisers covering Basildon to discuss your options and give you advice.