Bad Credit Mortgage Kent

There is an extensive range of mortgage products to choose, and there is a growing range of mortgages aimed at people who suffer from bad credit. Many homeowners buy their home with a bad credit mortgage, and there is no reason why you cannot do the same.

A sensible starting point in determining your options is to obtain a copy of your credit report. You can do so from Equifax or Experian. With this information, we will be more than happy to assess your chances of arranging an affordable mortgage.

It is also good to know that schemes to help First Time Buyers get onto the property ladder are also available to clients that have bad credit registered, schemes such as:

• Shared Ownership.
• Right to Buy.
• Help to Buy.

The bad credit is recent – does this matter?

The timing of when the bad credit issue occurred does impact a lender’s appraisal of your eligibility for a loan. The lender will want to know when this occurred, what type of debt was it, why it happened and have you managed to resolve this.

It is not uncommon for some lenders to request a deposit of between 15% and 25% when there is a bad credit incident on your report. Of course, if the bad credit is older, it will have a lower impact.

However, many factors determine the final decision made by mortgage lenders, and there is no reason to think bad credit will prevent you from obtaining a mortgage to buy a home in Kent.

If you are looking for guidance on your mortgage options, please get in touch. We help arrange wide variety of products including:

• Contractors Mortgages.
• HMO Mortgages.
• Buy to Let Mortgages.
• Let to Buy Mortgages.

How to explore your mortgage options with The Money Hub

Call The Money Hub Limited on 0203 725 5830 and speak to one of our highly specialised and dedicated Mortgage Advisors or you can complete an enquiry form which will allow you to schedule a call time.