Mortgage advice for a debt problem or bad credit history rating

Got a few credit problems in your financial history ? Well not to worry. There is a misconception that people who have a bad debt problem such as outstanding mortgage arrears, loan defaults or County Court Judgments (CCJ's) against them, cannot get a mortgage or that it will be very expensive. If you just look for your new mortgage from the high street lenders, this may be true, but there are many other lenders who are less well known, don't have high street offices, but who can offer equally secure and competitive deals even if you have problems with your credit history.

While we can't guarantee to find a mortgage for people with an extreme bad debt problem ,  for most people we can give you the right advice and  help arrange a mortgage to enable you to meet your mortgage needs and make paying down your debt more manageable.

It needn't be too expensive either. Sure, you are a higher risk because you've already shown at least some bad luck in managing your debt repayments, and 'higher risk' usually means higher charges.  However if you compare the cost of a person on a variable interest rate mortgage with a high street lender, who after 10-15 years is now on an uncompetitive interest rate, to a person with a credit rating problem or two, taking out a new mortgage today, the person with the poor credit rating may well be paying less!

At Better-Mortgages we research the market to find out who's offering the best deals for someone in your circumstances and it won't cost you anything for us to do an initial financial review. We'll make sure we fully understand your debt problem , to be confident we can give you appropriate advice and find you a suitable lender.

We can also give you guidance about ways of tidying up your credit rating history stored at companies like Equifax and Experion, before you make a mortgage application. You can make sure that older credit history which is no longer relevant to a current application is removed or downgraded,  just by filling in a form or two. 

We have also published an e-book related to credit card debt reduction, which you can download and start working on to repair your credit rating. Its full of great advice in controlling your credit card debt and expenditure, and contains a debt reduction program which if you follow it, will be guaranteed to reduce your credit card debt to £0.

To get mortgage advice to help with your bad debt problem just fill in our mortgage enquiry form. We ask you to be honest and tell us the 'gory details' up front, since this will increase your chances of us finding the right mortgage for you. Remember that if you decide to hide the true extent of your debt problem from us, a lender will most likely find out and refuse your application. This will make your credit history rating even worse, making it more difficult to find you a suitable mortgage, so its in your interest to help us to help you.

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