Difficult to get mortgages
Tougher new rules mean more and more borrowers are finding it difficult to get a mortgage. But there are options for those who no longer fit lenders’ criteria
Houses and high-rises the wariness about lending on certain types of properties means many applicants are being turned down. Photograph
Are you over 45? Self-employed? Divorced and remortgaging late in life? If you are in any of these groups, you are likely to be among the growing number of people struggling to find a lender willing to offer a loan.
Tough restrictions imposed by the City regulator to ensure borrowers can really afford a mortgage – and wariness about lending on certain types of properties – mean that many applicants are being turned down.
Mortgage Solutions has access to products that can accommodate credit problems and other unusual circumstances, some with well-known lenders for people who need a mortgage.
People who have been unfortunate with such problems know all too clearly how, in some cases, banks & building societies are unable to assist them.
Do any of the following circumstances applies to you? Let Mortgage Solutions help:
- County Court Judgments (CCJ’s) Considered up to 70%. LTV
- Bankruptcies, discharged less than 1 year (not currently available)
- Been in arrears with a loan or mortgage?
- Self Employed
- You want to purchase a building of unusual construction (e.g. concrete)
It is always difficult to quote exact rates in an “adverse” lending situation, without knowing your circumstances. Please contact us to discuss your own personal situation.