Poor Credit Mortgages2023-09-01T10:15:06+00:00

Poor Credit Mortgages

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Poor credit mortgages manchester

Sometimes people’s credit history isn’t perfect for a variety of reasons such as divorce, loss of job or illness. It may have resulted in you having a County Court Judgement (CCJ), defaults, missed payments or even bankruptcy registered against you and you may feel that you are not in a position to obtain a mortgage or remortgage your existing home.

Manchester Mortgages have over 70 years of experience dealing with clients whose credit profile may not be perfect and specialise in arranging mortgages for people with past credit problems.

Poor Credit Mortgages

Why you need a good Mortgage broker for navigating poor credit mortgages

Mortgage lenders now take a much more flexible approach to how they view potential clients and their past credit history. Having poor credit is not a barrier to getting a mortgage. However there are a few more hurdles you’ll need to jump in order to get a mortgage approved.

An essential part is securing the services of a specialist poor credit mortgage broker like Manchester Mortgages. We recommend you avoid going to high street building societies and banks – they’ll just sell you their own products even when there are far better alternatives from other providers.

Unlike the self interested banks and building societies, Manchester Mortgages use all the poor credit mortgage lenders available. We’ll navigate the hurdles for you, speak to all the lenders, answer the difficult questions and secure you the best poor credit mortgage it’s possible to get for you.

How the process works

We’ll meet with you at a time and place convenient to you at your home or your place of work.

We will get a full understanding of your situation, what you are wanting to achieve and then research the whole of the market and make a full recommendation of how you should deal with the situation.

Once we have mutually decided and agreed the best way forward and you are ready to make a mortgage application we will help you complete the paperwork required and liaise with other parties involved in the process.

We will keep you fully informed how your mortgage application is progressing until completion and encourage you to ask any questions you may have.

We will also provide you with advice on how to protect your mortgage and mortgage payments should the worst happen.

People who have Poor Credit we have helped secure a mortgage

“I was first introduced to Manchester Mortgages by a Family member in 2012. At the time our credit profile wasn’t perfect. Manchester Mortgages were able to find us a mortgage deal from a lender who would accept our application taking into account our past credit history. Manchester Mortgages kept us informed throughout the process and even after we moved into the property have always been at the end of the phone to answer our questions. We have since remortgaged and we are now with a High Street Bank meaning with have saved a significant amount of money each month.

I have recommended Manchester Mortgages to friends and colleagues who I know have been equally as satisfied with the excellent service provided.”

Rob & Nicola, Bolton, Poor Credit Rating Mortgage

FAQ’s about Poor Credit Mortgages

Lenders take into consideration your employed / self employed income less any outgoings such as car payments, personal loans and credit card balances along with the number of children you have.

Lenders will look how you have managed your credit over the last 6 years – they are looking for missed / late payments, Defaults, CCJ’s, Debt Managements Plans, Repossessions, Insolvency & Bankruptcy.

There are various credit agencies you can find on the internet such as Check My File, Experian, Equifax, Transunion plus many others – please read all companies terms and conditions before using them.

Poor Credit Mortgages – Case Studies

A few examples of how we have helped individuals and couples
secure a mortgage with existing poor credit.

First time buyers with poor credit history mortgage

Getting a mortgage with poor credit history

First time buyers wanted to purchase their first property but one of them had bad credit history.

Mortgage for debt management plan on mortgage

Debt management plan on Wythenshawe mortgage

We helped arrange a mortgage for a new client who was on a debt management plan.

Paramedic and Nurse Mortgage with poor credit

Getting a mortgage despite defaulting on a previous agreement

A couple had missed some payments on a catalogue which had caused a default wanted to secure a mortgage.

Give us a call on 0161 706 0242 or fill in the Contact Us Form and let us help you through the mortgage process – we guarantee you will not be disappointed.

More information about getting a mortgage with poor credit

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