If you have financial difficulties in the past and a history of bad debt, then you might find it a struggle to get accepted for a mortgage.
Bad Debt can be the result of missing payments on your loans, credit cards and store cards. You may also have a court order, such as a CCJ against you. Any of these arrears will have resulted in a bad credit rating.
We can offer you expert advice and help you find the correct mortgage, which might help you regain control of your financial affairs.
You could even use your Bad Debt Mortgage as a form of Debt Consolidation, where you can consolidate your existing credit cards, store cards, unsecured loans, personal loans and overdrafts, leaving you with just one convenient monthly repayment.
For more information please call us direct on freephone 0800 048 3674, fill in our online form or take our 1 Minute Loan Wizard to view some of your options.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
For mortgages and re-mortgages the overall cost for comparison is 8.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.
DebtConsolidation.co.uk is a trading name of Ask Finance Ltd which is registered in England and Wales (company number 4229724), Jackson House, Sibson Rd, Sale, Manchester, M33 7RR. Ask Finance is licensed under the 1974 consumer credit act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance is authorised and regulated by the Financial Services Authority (FSA) - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.