If you are considering buying a new property, and are worried about your credit report affecting your mortgage application, our expert team at Mortgages with Clarity understand that life situations happen that can sometimes impact your finances.
If you are considering buying a property, or moving home but are concerned about how your credit file may affect your chances of being approved for a mortgage please get in touch with us.
Getting a mortgage may not be as impossible as it may seem. There are lenders who specialise in those with a less than perfect credit history and our experienced team can review your circumstances and match you with the perfect lender.
You might think you have bad credit if you have been rejected for credit or finance before. This can mean you feel worried about your credit report affecting your mortgage application. It is important to remember, all lenders have different criteria for assessing your application, some lenders may see you more positively than others.
There are factors on your credit report that would make most lenders think your mortgage application is higher risk – like defaulting on a loan, late or missed payments on credit cards and applying for credit too often.
In this case, a mortgage is still a possibility, but it is likely you will pay a higher rate of interest or may be restricted on the amount you can borrow.
The advice of an independent and whole of market mortgage adviser is essential in this situation.
We believe in changing the mortgage market for the better, helping more people onto, or moving up through the property ladder with flexible and competitive mortgage deals accessed through our specialist mortgage advisers.
You can review your credit file here for free:
If you would like some help understanding your credit file, or to discuss your mortgage options with one of our understanding and supportive advisers please get in touch with us on 0800 2335599 or email samibickford@claritywm.co.uk
Your home may be repossessed if you do not keep up with the repayments on your mortgage.
Clarity Wealth Management LLP are regulated by the Financial Conduct Authority. No: 575252
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