If your credit history has prevented you from obtaining a mortgage in Liverpool, you’re certainly not alone. At CRC Mortgages, we understand that life’s unpredictable moments—such as missed payments, CCJs, defaults, debt management plans or bankruptcy—can negatively affect your credit. Our dedicated team of mortgage advisors based in Liverpool is here to support you in your journey towards homeownership, providing tailored solutions and helpful guidance suited to your financial circumstances.
What is a Bad Credit Mortgage?
A bad credit mortgage, also known as an adverse credit mortgage, is specifically designed to help those who have had previous credit difficulties. While obtaining such mortgages can be more challenging compared to traditional products, it certainly isn’t impossible. Our experienced mortgage advisors in Liverpool have successfully helped many clients facing credit challenges find suitable mortgage solutions tailored to their individual situations.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT
The FCA does not regulate some forms of Buy to Lets. Think carefully before securing other debts against your home/property.
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £449 to £699 and this will be discussed and agreed with you at the earliest opportunity.
If you would like to speak with an adviser,
please contact us below.
How Our Mortgage Brokers Can Help You in Liverpool
At CRC Mortgages, we pride ourselves on delivering clear and supportive mortgage advice to clients throughout Liverpool. With in-depth knowledge of today’s mortgage market, particularly within the adverse credit sector, our skilled advisors aim to simplify what can seem a complicated and daunting process.
- Personalised Advice: Our advisors take the time to listen carefully to your circumstances and understand your financial background before researching mortgage deals that best align with your needs.
- Experienced Mortgage Brokers: We have extensive experience working with various lenders who specialise in adverse credit mortgages. Our Liverpool-based brokers understand the complexities involved and will guide you every step of the way.
- Transparent Communication: We keep you informed throughout the entire process and clearly outline your options, ensuring you feel fully aware and well-equipped to make informed decisions.
Remortgaging With Bad Credit in Liverpool
Are you looking to remortgage your Liverpool property but concerned about your adverse credit history? Remortgaging your home could potentially help lower your monthly repayments or consolidate debts; however, having adverse credit can create additional hurdles. Our knowledgeable Liverpool mortgage advisors understand these challenges and will carefully explore and help identify remortgage opportunities suitable for your particular circumstances, providing guidance to assist you in making informed choices.
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 other debt secured on it.
Why Choose Our Mortgage Advisors in Liverpool?
At CRC Mortgages, we genuinely care about assisting our Liverpool clients in overcoming the obstacles associated with bad credit mortgages. Here’s what you can expect when working with us:
- Local Expertise: Being locally based, our advisors are familiar with the Liverpool property market and the complexities of securing mortgages within the area.
- Client-Focused Approach: We prioritise understanding your unique situation and strive to deliver friendly, clear, and helpful advice that makes the mortgage process as straightforward as possible.
- Continuous Support: We’re committed to supporting you throughout every stage, from the initial enquiry through to completion, ensuring you never feel left in the dark.
Frequently Asked Questions About Bad Credit Mortgages in Liverpool
Can I get a mortgage in Liverpool if I have bad credit?
Yes, obtaining a mortgage in Liverpool is still possible, even if you have adverse credit. While the process may be more complex, our advisors have experience in this sector and will help you explore the lenders most likely to consider your application.
Will bad credit stop me from remortgaging my Liverpool property?
Not necessarily. Bad credit can limit your options, but specialist lenders do exist who may consider applications from those with damaged credit history. Our mortgage brokers will guide you through available options suited to your circumstances.
What type of credit issues could impact my adverse credit mortgage application?
Common credit issues include missed or late payments, CCJs (County Court Judgments), IVA (Individual Voluntary Arrangement), bankruptcy, defaults, debt management plans, or repossessions. Each lender has different criteria, and our advisors can assist you by matching you with a lender who fits your specific financial situation.
How long does bad credit stay on my credit report?
Most adverse credit events typically remain on your report for approximately six years. Nonetheless, lenders might still consider your application based on other factors such as the amount of time that has passed and your current financial situation.
Will I need a larger deposit due to my poor credit history?
In most cases, lenders will require larger deposits for adverse credit mortgages due to the increased risk involved. However, every situation is unique, and our mortgage brokers in Liverpool will help you clearly understand lender requirements specific to your circumstances.
Contact Our Liverpool Mortgage Advisors Today
If adverse credit is holding you back from securing a mortgage or remortgaging your Liverpool home, don’t hesitate to get in touch with CRC Mortgages. Our friendly and professional team is here to help explore all possible options available to you and guide you towards finding the most suitable mortgage solution. Contact us today and take the first steps towards achieving your property goals.