You may be surprised by the amount of help on offer if you get into debt. There are many companies who can specialise in helping you with mortgage arrears and bad credit. Many firms may vie for your custom with regards to self cert mortgages and secured loans. This is because the loans market is very lucrative and lenders are working with the odds in their favour. They can make money out of your debts and you should bear this in mind whenever you are thinking of moving providers or buying a new loan.
One option open to you before you take the plunge into credit again is to speak with an independent financial adviser. They can help you to see sense. They will look at how much you are paying for your self cert mortgage or secured loan and check out if you are dealing with your mortgage arrears in the right way. If you are already in bad credit they could advise you on what to do to get out of it.
You could always consult with a broker. They can help to match your aspirations up to the market. However do remember that they are limited by the special field they are in, they are not altruists and they may not look at all companies and all products.
There are also many organisations that are quite happy to offer you free advice on anything from bad credit to self cert mortgages, mortgage arrears to secured loans. The Citizens Advice Bureau (CAB) can give you free advice over the telephone or at a face to face meeting. They may offer home visits and may be able to give advice by email. National Debtline gives free independent advice about how to cope with debt. They have a website and will give advice over the phone.
The Community Legal Service Direct (CLS) helps with legal problems and can get you a local advise. The Consumer Credit Counselling Service (CCCS) can help with personal budgeting and the uses of credit. With all this advice hopefully you can find a way out and stay out of debt.
We can not promise you a Mortgage BUT we will listen no matter what your circumstances are.
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Actual rate available depends on circumstances ask for personalised illustration. The overall cost for comparison is 7.9% APR. Our representative fee charged is 1.25% of amount borrowed. APR variable and based on a usual case.
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