Adverse Credit Mortgages

Our mortgage advisers want to make your application run as smoothly as possible, so here are a few actions that we recommend you follow prior to applying for an adverse credit mortgage:

• Gather credit reports  Gather your credit reports through a few professional credit reference agencies such as Check my file which covers the three main credit reference agencies.  This will give you a crystal clear understanding of your credit score and you can also check the finer details to ensure there are no errors on your report.
• Save up for a deposit  Save up as much as you can for your deposit. The larger the deposit you have available, the more options you will be able to access.
• Get documents in order  County Court Judgements, defaults, missed payments, credit arrangements, IVAs and bankruptcy will all be taken into consideration.
• Avoid multiple credit searches  Avoid multiple credit searches by asking SN Financial for advice first. If you apply for a mortgage before you fully understand your options, these credit searches and hard credit checks will appear on your report and could make the process more difficult.
• Research  Research is vital, as it will allow you to find a mortgage lender that suits your circumstances and goals. That’s what we’re here for, as our mortgage advisers are dedicated to finding you the best deal.