Adverse Credit Mortgages
A large proportion of the UK’s population have had some sort of credit issue. This could be as innocent as a bounced direct debit or exceeding ones overdraft limit right to the top by defaulting on a credit agreement or getting a County Court Judgement
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Having an adverse credit file need not necessarily mean an expensive mortgage.
As part of the fact-finding process we ask you to download your credit file so we know exactly what the lenders will see. Quite often there are mistakes on a credit file if identified early can be rectified prior to making an application. You can download your file using this link below.
Most lenders ignore issues longer than 6 years old as they no longer appear on your file but all lenders ask for no recent issues. Our expert knowledge enables us to best match a lender to your circumstances and quite often small indiscretions can mean we can get cases through at standard rates. Having a low score can be as bad as having a bad file but we have lenders that manually underwrite cases and do not use a “computer says no” approach
- Max LTV 90%
- CCJ’s Defaults accepted
- IVA
- Discharged bankrupts
- Debt Management Plans
- Missed / Late ayments
- Low credit scores
Why choose us?
Here are a few reasons to choose Chess Mortgages.
Experienced advisers
We’ve been advising clients on mortgages for over 40 years.
We move fast
No need to wait; we respond & process applications quickly.
Whole of market
We scour UK lenders, private banks & offshore lenders for deals.
What you need to know...
Yes .. not all lenders use credit scoring so often we can arrange mortgage for low scoring applicants. Simple things like being on a voters roll and repaying credit cards monthly can boost scores
No not at all. Small CCJ’s up to £250 are ignored usually especially if they are cleared prior to application. If it’s a large amount then that will need explaining. Any CCJ paid off within 30 days of registration can be totally removed from your file.
You can contact that credit reference agency in question and point out the error. It could a fraudulent entry. It is advisable to sign up to a credit reporting agency to keep track of your file.
What our clients say...
