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:
- County Court Judgements (CCJs): According to the Registry Trust, there were over 332,000 CCJs issued in the UK in 2020 alone.
- 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.
- Bankruptcies: In the same period, there were 2,384 bankruptcy orders granted in England and Wales, as reported by the Insolvency Service.
- 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.
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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.