Mortgages, poor credit or low income

Banks and Building Societies can not by law divulge the reason why they have declined any mortgage application, which in turn can make it difficult to know where to turn, especially if you have tried more then one source for your mortgage.

So what can you do?

Well a number of options are open to you. Both Experian and Equity Fax offer an on line service in which you are able to obtain your credit file that will give you a clear indication as to what your credit file is like, all well and good but you still need a Mortgage.

That's where Abbey Finance can help. We deal with Lenders in the market that specialise in helping people with Adverse Credit obtain a Mortgage. The Rate of Interest that you will have to pay will depend on your Credit Rating, but in most circumstances it will be higher then the normal high street. But the Lender may offer you an attractive discount in the First Year to help you even further. It is important that you discuss your situation.

Call Abbey Finance 0845-4567-847

Low Income, First time Buyers and finding it hard to get onto the Housing Ladder because your Income just falls short.

Building Society and Lenders work out the amount that you can borrow by multiplying your income to decide how much you can borrow. It does vary from Lender to Lender, but as a general rule Single people can multiply their income by 3.5 times and married couples up to 3 times their joint income. Which may have worked in the past, but with house prices rising considerable more then wages a New and Fresh approach is required.The Affordability Mortgage may be an answer to your needs.

So how does it all work.

In brief instead of looking at how much you earn the Affordability Mortgage takes into account the amount that you earn and the amount that you have going out, and works out that a proportion of what is left could be used as Mortgage payments......sounds complicated.....all it is doing is rewarding those that have little in the way of credit cards, store cards, H.P. agreements and Loans. You may be able to borrow up to 4-5 times your salary and in some cases even more. But as of yet this is not for 100% mortgages - but if the builder is paying your 5% deposit then this may be the Mortgage you are looking for.

We can not promise you a Mortgage BUT we will listen no matter what your circumstances are.

SOLVING YOUR MORTGAGE PROBLEM SIMPLY

ABBEY FINANCE

0845-4567-847

Just click here to fill out our simple on line Mortgage Enquiry Form, it will only take a few moments.

enquiries@abbeyfinance.biz

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.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE