Frequently asked questions

Frequently asked questions

Here you’ll find information that is additional how bad credit can impact an application, in line with the questions we’re most often expected.

Can a mortgage is got by me without any credit check?

Not precisely. Although it’s impractical to get a residential property loan with no credit sign in the UK, lenders aren’t generally speaking thinking about your credit ‘score’ – they’re enthusiastic about just just how your history that is specific fits due to their financing criteria.

Within the UK, there isn’t any set minimum credit history to be eligible for a residential property loan, but if yours is specially low, it may possibly be possible to locate a provider that ‘checks’ instead of ‘scores’.

Could I obtain a mortgage that is second bad credit?

As very very long if you have poor credit as you can pass the affordability checks, your application for a second loan is likely to be approved, even. The application form procedure will typically be comparable to your first, though if you’re still paying down very first one, the key concern will likely be whether you really can afford to meet up both monthly premiums at exactly the same time.

Whether you be eligible for one depends on the seriousness of your credit problems, the length of time they’ve been on your own file and exactly how closely you qualify. You’ll must also meet with the deposit needs, and you may need to put down a larger deposit if you have poor credit.

To make sure that you can get the deal that is right talk to a specialist. The separate advisors we use have whole-of-market access, meaning that they’ll find the finest discounts even though you have actually bad credit. Continue reading “Frequently asked questions”