Self Cert Mortgage, Bad Credit

If you do not have a regular income, perhaps you are self employed or rely on commission or a bonus to live on. Perhaps you are a freelancer whose work is sporadic but you are comfortably off but you want to own your own home. A standard mortgage is not open to you but you could apply for a self cert mortgage. This is a priority debt like a secured loan. If you end up with mortgage arrears, you will be given a bad credit rating and you may end up losing your home.

You could go through a broker. They will look at a range of companies for you to find the right one for your circumstances. A self cert mortgage or a secured loan are dependent on you paying back a regular sum to your lender over an extended length of time. If you do not know what the future holds or you do not feel financially confident enough then long term financial commitments are not for you. You would only end up with mortgage arrears and sink into bad credit.

To remain on the good side of credit ensure both you and the lender know exactly what you are getting into When you apply for a self cert mortgage or a secured loan make sure the lender has a good idea of how much you can realistically pay back each month and you have an equally good idea how much it is going to cost you and for how long. You want to avoid mortgage arrears and that bad credit stigma so do you best to remain credit worthy. Do not take out more finance then you can afford.

It is easy once you are in receipt of credit to keep applying for a little more to get those extras you always wanted. This is fool hardy if it leads you down the path of getting in over your head. Bad credit will eventually put the scuppers on your spending spree but by then it may be too late to get out of a lifetime of debt.

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