Do you need a bad credit Durham mortgage and have CCJs? Applying to the right companies or brokers is important when looking for Durham mortgages and you have CCJs. Trying the wrong companies can lead to turn downs. Most insurance companies dislike male drivers but favor lady drivers. The same can be applied to mortgage and remortgage lenders some brokers or lenders like good credit historys and others tend not to like them and will reject poor credit or adverse credit scoring applications. For those with adverse or poor credit this small guide will give some easy to follow tips to increase your chances of not being rejected and help you get the mortgage you need.
Below we uncover some easy to follow steps to help you get the best possible mortgage or remortgage deal. :
Secret 1 : Don't stretch yourself ! With house prices so high it is easy to over stretch your budget and this could lead to debt problems in the future. Perhaps a fixed Durham mortgage and CCJs can be arranged to help you budget.
Secret 2 : Beware of early redemption penalties ! Sometimes when taking a mortgage you get a discounted or fixed interest rate that lasts for an agreed length of time. Be careful as many lenders apply charges if you pay off within this period or even for a length of time after. Always find out what the penalties are and consider your future requirements.
Secret 3 : Compare deals from varies lenders or let a independent mortgage adviser do it for you. Weigh up the benefits of different offers using either a broker or mortgage adviser. Use price and rate comparison sites to see what sort of interest rates are being given for mortgage applications for people with County Court Judgements or (CCJs).
Secret 4 : See if you can improve your credit file as finance companies update your credit file incorrectly and put down late payments that where made on time. To remove incorrect records from your file you can use equifax or experian to access you credit file. As well as improving you scoring by this method you can also legally remove CCJs. Detailed step by step instructions can be downloaded for free on our main site.
Secret 5 : Use a Durham mortgages and CCJs specialist broker or independent mortgage adviser. These professionals normally have access to hundreds of lenders and can usually find something for all circumstances. Unlike banks these brokers have access to many financial products.
When applying for Durham mortgages and CCJs. Only apply to the right kind of brokers or mortgage adviser though. Normally lenders will do a credit search on you credit file using a credit reference agency such as Experian on Equifax. If a lender sees many searches on your file they may think you are desperate and load the APR or interest rate you are offered. 3 to 4 searches lets you shop around adequately but doesn't really affect your credit score more than this can lower your credit score.
A site that can help you is which gives many practical tips to help with bad and poor credit mortgages and remortgagesis
Remortgages With CCJs .
A site which will assist you if remortgaging can be found here CCJs Bad Credit Remortgages
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