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.
New LendInvest Perks for Landlords with Bad Credit
Navigating the mortgage market can often feel like walking through a maze, especially if you’re coping with bad credit. However, there’s great news in the mortgage world! LendInvest Mortgages has recently rolled out new incentives for their buy-to-let customers. Let’s dive into these new offerings and how they might spark some inspiration and motivation for those of you looking to secure a mortgage — even if your credit score isn’t picture perfect. ## Fresh Perks
Perenna Bank Offers Hope with Flexible Bad Credit Mortgages
Mortgage Advice on Perenna Bank – A Breath of Fresh Air for Bad Credit Borrowers In today’s unpredictable financial climate, finding the right mortgage can be quite a task, especially if you’re dealing with bad credit. Luckily, the introduction of Perenna Bank as a new lender offers a glimmer of hope. In this blog post, we’ll explore how Perenna’s unique offerings can be a game-changer for those seeking tailored mortgage options and the essential role
The Future of UK Property Market: Recent Trends and Insights
The UK property market has often been seen as a dynamic and exciting domain, even when taking into account the occasional bump in the road. As we delve deeper into the numbers from the latest HMRC UK monthly property transactions data, we find that June 2024 experienced a slight decrease in residential transactions. However, financial experts are largely optimistic about the future, particularly with potential interest rate reductions on the horizon. So, let’s take a
Unpacking the Latest Mortgage Trends: What You Need to Know
New data from Pepper Advantage brings a breath of fresh air—well, for some! The mortgage arrears growth rate has dropped to a cool 1.1% in Quarter 2 (Q2) 2024, marking the third consecutive quarterly decrease. Residential mortgage arrears fell by 0.6% compared to Q1 2024, the first drop since Q3 2022. Yet, in the world of buy-to-let (BTL) mortgages, things look a tad different. BTL mortgages experienced a 10.9% quarterly growth in arrears rates, most
Securing a Buy-to-Let Mortgage from Abroad: Tips and Advice
If you’re sitting in sunny Spain and dreaming about investing in UK property, you’re not alone! Many expats are considering buy-to-let mortgages in the UK as a savvy investment. However, obtaining a buy-to-let mortgage from abroad comes with its own set of unique challenges. But fear not! With a bit of guidance and the right mortgage advice, you can turn those dreams into reality—even if you have bad credit. **Understanding Lenders’ Criteria for Non-UK Residents**
Achieving Mortgage Freedom: Lessons in Frugal Living
Let’s Talk Personal Finance, Frugal Living, And Making Dreams Happen Hello lovely readers! Today, I’d like to chat about an inspiring story I recently came across, highlighting a journey towards mortgage freedom. If you’re wondering how to navigate the treacherous waters of mortgages, especially with bad credit, pull up a chair and get comfortable. There’s a snippet here for everyone. **1. Frugal Living: The Foundation of Financial Freedom** Darrell Wilson, a fragrance evaluator from Manchester,
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.
