123 Mortgages Mortgage Guide
Bad Credit Mortgage
In the uk, if you do have a bad credit rating, it is still usually possible to find a mortgage lender who will be able to lend you money, if you have an existing mortgage. If you are looking for your first mortgage with a bad credit rating, then you are likely to have problems finding a company that is willling to finance you.
A bad credit mortgage deal can be easy to find, but you do need to check the small print. Remortgaging doesn't always mean that you will be better off in the long run.
Mortgage providers are happy to lend you money if you have an existing mortgage as the mortgage is normally secured on your home! This means if you do have trouble making your monthly payments that they will reposess your house! Not a good situation, so make sure you understand what kind of agreement you are taking on.
Changing your mortgage to another provider can mean a fresh slate, lower monthly payments, but often a higher interest rate so you need to check out exactly what sort of deal you are getting with a bad credit mortgage.
Mortgage Basics - basics regarding interest rate, exit penalities, proving income
Property valuation & survey fees - property valuations and expenses incurred buying a home
Getting a Mortgage - different ways you can go about arranging a mortgage
Mortgage Types - explanation of the different types of mortgage available
Mortgages for people with bad credit - info for people who have credit problems
Bad Credit Mortgage - more info on mortgages for bad credit
Remortgaging - information on switching your mortgage to another provider
Mortgage Calculator - basic mortgage repayment calculator
Useful contact information - useful contact information relating to mortgages
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE.