We believe in treating everyone fairly at The Mortgage Library. Have you been turned down for a mortgage due to ‘bad credit’ and want to see if you have any other options?
Our Librarians consider all types of adverse credit and have access to specific lenders who focus on those who don’t fit the criteria of a typical High Street lender. We will always make sure you get the most competitive deal and guide you on the essential steps to improving your credit?
We have a mortgage for everyone
Sometimes things in life happen that are outside of your control, and sometimes these situations can be so severe, that they can impact you financially.
You might find that if you approach a High Street lender then you may get declined, however at The Mortgage Library, we want to help everyone – regardless of their credit score.
Our experts can still help you find the best deals. Did you know you can even find out what your mortgage options are without any impact to your credit score.
Lenders don’t just consider your ‘credit score’ when assessing criteria for a mortgage application. Their decision also takes into consideration your history of various factors including; missed payments, defaults, Individual Voluntary Arrangements (IVAs), bankruptcies, County Court Judgements (CCJs), debt management plans, payday loan information, previous credit applications and current levels of debt. Any of these factors may be contributory to you having a bad credit rating.
Lenders will want to see that, to some extent, you have taken the necessary steps to repair your credit file back to a good condition.
Depending on the amount of time that has passed since any arrears occurred and what you have done about it, will depend on which lenders will consider you. This means that you may struggle to find a lender
Therefore, it is crucial to have an expert mortgage broker on your side to ensure you get the best deal, first time round. At The Mortgage Library we take the time to get a full understanding of your circumstances so that we waste no time in finding you the most suitable lender at the most reasonable price.
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