Hello there, homebuyers and dream-makers! Are you sitting comfortably? Good, because today we’re diving into the wisdom-filled world of mortgages, specifically highlighting the little rays of sunlight that peek through the clouds for those of us navigating the property market with a spot of credit history turbulence. Let’s skip down this financial path together and unearth some golden nuggets of mortgage advice that could just turn your dreams into a postcode.

### Say ‘Hello’ to Interest Rate Relief

Exciting news is afoot for more than 200,000 mortgage holders in our midst who could grasp the lifeline of an interest rate relief scheme, freshly baked into the 2024 financial pie. Here’s the scoop: if you’ve been keeping up with mortgage payments through the ups and downs of 2022 and 2023, you could claim some relief! That’s right, 20% of the increased interest paid in 2023, when compared to 2022, could be snuggled back into your pockets, up to a sweet €1,250.

But how, you ask, does this magical mortgage relief relate to house-hunters with a credit score that’s seen better days? Buckle up, because we’re about to connect the dots.

### Finding Mortgage Advice Near Me

When the financial seas get a bit choppy, a seasoned navigator – or in our case, a savvy mortgage advisor – becomes a lifeline. Seeking “mortgage advice near me” could be the first step in charting a course to homeownership, regardless of a few credit blips. These wizards of the mortgage realm know exactly how to highlight favourable factors and can guide you through the complex current of lenders’ criteria with ease.

### The Elixir of Bad Credit Mortgages

Don’t let the myth of an impeccable credit history deter you from your quest for a new abode. Bad credit mortgages exist like a hidden door in a bookshelf, leading to rooms you thought were off-limits. Working with a mortgage advisor familiar with the ups and downs of credit can unveil possibilities where you assumed there were none. They have the secret map to lenders who view you not just as a credit score, but as the multifaceted storybook character you are.

### Navigating Interest Only in Retirement

Dreaming of a tranquil retirement nest where the only thing ‘fixed’ is your morning routine of tea and crosswords? If you’re considering an interest only mortgage as a way to keep payments more ‘manageable than a hedge maze’, knowing the ins and outs is crucial. An expert advisor will help you pull back the ivy to reveal how “interest only in retirement” could work for you – ensuring you’re equipped for the journey and won’t get lost in the financial undergrowth.

### Can I Get an Interest Only Mortgage?

Now, if the idea of an interest only mortgage has your green fingers twitching with excitement, take heart! That garden of tranquil monthly payments isn’t just a mirage. Your credit score might be more of a wildflower meadow than a manicured lawn, but with the right guidance, lenders might just see the beauty in it. The million-dollar question – “Can I get an interest only mortgage?” – is best answered with a cuppa in hand, sitting across from a mortgage specialist who looks beyond the numbers.

### The Home Stretch

Navigating the property market with a credit history that’s seen stormy weather isn’t just about steering through the here and now – it’s also about plotting the course for your financial future. With schemes like the interest rate relief offering a toe-hold for eligible mortgage holders, and with the right mortgage advice within arm’s reach, the dream of homeownership need not be a fairytale.

Remember, dear reader, every plot twist in your financial story is just a stepping stone to that happy ending. So, keep a bright outlook, pull on your wellies, and trek down the path to a mortgage advisor who can turn bad credit blips into a home sweet home. Your adventure has just begun!

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FCA WARNING, FEE’S AND JURISDICTIONAL INFORMATION

MORTGAGES – THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT

CONSOLIDATING UNSECURED DEBTS – Think carefully before securing any other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or secured loan. IF YOU  CONSOLIDATE EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

BUY TO LET MORTGAGES The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your home/property may be repossessed if you do not keep up repayments on your mortgage.

EQUITY RELEASE – This is a Lifetime Mortgage. These are only applicable to those 55 and over, and it could affect eligibility to state means-tested benefits and the inheritance you may leave. To understand the features and risks, ask for a personalised illustration. Equity release includes Lifetime Mortgages and Home Reversion Schemes. We can advise and arrange Lifetime Mortgages and will refer to an approved specialist for Home Reversion schemes.

Quest Finance Ltd also Trading as Quest Finance –  is an Appointed Representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority. There may be a fee for mortgage advice. The precise amount will depend on your circumstances but will be agreed with you before proceeding but estimate this to be £795. Quest Finance Ltd is registered in England and Wales, with company registration number: 12267927. Registered Office: 21 Laneham Close, Doncaster DN4 7HX

The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. By submitting an enquiry form you agree that the information provided is true and accurate and that a mortgage advisor may contact you for further information as required.

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