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Adverse
Credit Mortgages Sub Prime Mortgages
Up to 95% mortgages and remortgages with some adverse. No late payments in the
past 12 months above 80% loan to value.
Adverse credit mortgage is the term for a credit history
were there have been examples of late payments, defaults, arrears of rent or
mortgage and county court judgments.
For any high street mortgage
lender this means they will refuse to grant you a mortgage.
| In most cases even
a late payment on a credit card account will count as adverse.
100%
No mortgages available
95%
Yes you would be allowed one late payment in the last 12 months or 2 in the past
3 years.
One default or CCJ in the past 4 years and no more than £500, satisfied within 3
months of issue.
90%
Much the same as 95% mortgages. Both allow for discharged bankruptcy/IVA of at
least 5 years. We would have to look at mortgage arrears but none in the past 12
months,
85%
Same criteria as 90% mortgages.
80%
Mortgage arrears over 12 months old and CCJs/defaults over 3 years old will be
considered. Generally more past adverse credit will be acceptable if not in the
past 3 years.
75% through to 50%
Similar to 80% but more flexible terms and each case considered on merit. Allows
for more past adverse including Bankruptcy (discharged at least 3 years) and
repossession over 3 years ago.
Please complete our enquiry form Mortgage or Remortgage and we will
carefully assess your enquiry and respond with what we can arrange for you,
within 48 hours.
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