Bad Credit History
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Getting a Mortgage when you have bad credit
A lot of people only find out they have a credit history issue after applying for a mortgage and being rejected because of what the lender found on their credit report.
But having a poor credit history does not mean you have to wait to get into (or back into) the property market.
How do you get a bad credit rating?
The good news is that there are lenders who will potentially allow you to borrow even if you have multiple credit issues. Also, providing a standard bank a reasonable explanation about the reason for the credit issue may mean we can get a mortgage through traditional channels straight away.
This means that you can possibly get back into the property market now instead of waiting for up to 5 years, or you can save that property you own and would love to hang on to.