Mortgage advice Blog

Obtaining a mortgage with bad credit is more common than you might think. Each year in the UK, thousands of individuals face financial difficulties that result in various credit issues. Let’s take a closer look at some statistical data to better understand the prevalence of bad credit:

  1. County Court Judgements (CCJs): According to the Registry Trust, there were over 332,000 CCJs issued in the UK in 2020 alone.
  2. Individual Voluntary Arrangements (IVAs): The Insolvency Service reported that there were approximately 31,527 IVAs registered in England and Wales in the first quarter of 2021.
  3. Bankruptcies: In the same period, there were 2,384 bankruptcy orders granted in England and Wales, as reported by the Insolvency Service.
  4. Defaults: The Consumer Credit Trade Association estimated that there were over 2 million defaults issued in the UK in 2019.

These numbers are not meant to discourage you but rather to emphasize that you’re not alone in facing bad credit challenges.

Unlocking the Door to Your Dream Home: Navigating Bad Credit Mortgages

When it comes to navigating the choppy waters of securing a mortgage, especially with the added weight of a less-than-stellar credit history, knowledge really is power. You may have seen the financial headlines about building societies like Skipton showing robust growth amid fluctuating market conditions. Now, if you’re enticed by the nitty-gritty of mortgage advances and profits, that’s all well and good, but what about the practical side for everyday folks like you and me

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Understanding Mortgage Rates and Credit: A Complete Guide

Hey there, prospective homeowners and credit-conquerors! Let’s have a cheery chinwag about mortgages – everyone’s favourite dinner-party topic, am I right? Particularly, we’ll take a peek at the current climate of mortgage rates and spill the beans on how folks like you, perhaps with a few credit hiccups in the past, can navigate these choppy financial waters. ## Interest Rates: What’s the Deal? Alright, let’s not beat around the bush – mortgage rates have been

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Skipton Group’s 2023 Success: Your Path to Homeownership

Hey there, house hunters and financial wizards! Are you perched on the edge of your seat, eager to dive into the dizzying yet delightful world of homeownership, but feeling a bit anxious because your credit history is more ‘rocky road’ than ‘smooth sailing’? Well, grab a brew, get comfy, and let’s chat about how Skipton Group’s recent trading triumphs and growth in 2023 can shine a hopeful light on your path to getting those coveted

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Navigating the Maze of Affordable Mortgage Products

Oh, isn’t the world of mortgages just a riveting rollercoaster? With constant changes and shifts in the housing market, you’d think you were watching an episode of ‘Homes Under the Hammer’ with all its twists and turns! Alrighty, let’s chat about those affordable mortgage products and housing market trends that could be music to your ears, especially if you’re dipping your toes into the market pool! ### Diving into the Deep End: Affordable Mortgages Now,

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The Ultimate Guide to Securing Your First Mortgage

Ah, the dream of owning your own little slice of heaven – it’s the quintessential British ambition, isn’t it? But, blimey, hasn’t it become a bit of a pickle for first-time buyers to secure that all-important mortgage? With property prices skyrocketing and financial obstacles at every turn, the journey to becoming a homeowner can feel like a Herculean task. But fear not! I’m here with a cuppa and a chat to navigate the maze that

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Hong Kong’s Lending Measures & UK Property: What You Need

With the buzz surrounding Hong Kong’s shift to more amenable lending measures for the property market, it’s a breath of fresh air for many potential home-buyers and investors alike! But here’s the twist – while we’re peeking at the exciting developments in Hong Kong, there’s plenty for us here on UK shores to cheer about, especially for those looking to find their way onto the property ladder, even with a less-than-spotless credit history. What do

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Unveiling the Untold Story

While many websites touch upon the basics of getting a mortgage with bad credit, there are certain aspects that often go unnoticed. At Quest Finance, we believe in providing comprehensive and transparent information to our clients. Here are some lesser-known facts about mortgage advisors and the process of securing a mortgage with bad credit:

Quest Finance: Your Partner in Overcoming Bad Credit

Now that you’re equipped with a better understanding of the world of mortgage advisors and the possibilities they offer, let’s talk about Quest Finance. We are a reputable financial advisory firm that specializes in helping individuals with bad credit secure mortgages. With our expertise and dedication, we have successfully guided numerous clients on their path to homeownership.

At Quest Finance, we strive to provide personalized guidance tailored to your specific needs. Our experienced mortgage advisors will analyze your credit history, financial situation, and aspirations, creating a customized plan to help you secure the mortgage you need. We work with a vast network of lenders who specialize in bad credit mortgages, ensuring that we can offer you the best possible options.