If you’re looking to secure a mortgage in Liverpool but find yourself without any credit history, you’re not alone. Many prospective homebuyers face this challenge each year. At CRC Mortgages, our experienced mortgage brokers understand your unique circumstances and can help you navigate the challenging process of securing a mortgage even without any prior credit record.
Securing a mortgage without an established credit history can be difficult, as lenders generally rely on your credit rating as an indication of financial reliability. However, a lack of credit history does not necessarily indicate poor financial standing. You may have recently moved to the UK, be a newly qualified professional, or simply have never used credit before. Our specialist mortgage brokers in Liverpool have the required expertise and understanding to help you explore mortgage options suited to your circumstances.
Can I Get a Mortgage in Liverpool Without a Credit History?
Yes, obtaining a mortgage in Liverpool without an established credit history is possible, although it can be more challenging. Typically, lenders use credit reports to assess risk and affordability. Without a credit history, lenders may view your application as a higher risk due to the uncertainty surrounding your repayment capability.
Fortunately, our mortgage brokers understand the criteria different lenders have in place. We will review your personal financial situation with care, clarity, and attention, and help you identify lenders who might be willing to provide mortgage products based on different sets of criteria. This might include evidence of regular income streams, proof of employment stability or general affordability assessments.
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 in Liverpool Can Help
At CRC Mortgages, we recognise how challenging navigating the mortgage market can be, especially if you have limited or no credit history. Our knowledgeable mortgage advisors in Liverpool have years of experience assisting clients in similar situations.
- We will carefully assess your unique financial circumstances to determine your eligibility for various mortgage products.
- We’ll help you approach the right lenders who are more likely to consider applications with no credit history.
- Our brokers will guide you through each step of the application process clearly and transparently, answering your questions and providing appropriate guidance throughout the application.
- We strive to save you as much time and hassle as possible by helping you avoid approaching lenders who wouldn’t typically approve your mortgage application.
Why Choose Our Mortgage Brokers Liverpool?
At CRC Mortgages, we pride ourselves on offering a tailored approach, providing personal service and clear, honest communication at every stage of your mortgage journey. When you choose our Liverpool brokers, you benefit from:
- Experienced Advisors – Our team of professional brokers provide straightforward guidance and targeted assistance based on your financial circumstances.
- Local Knowledge – We understand Liverpool’s property market intricately, helping you understand the mortgage landscape locally.
- Transparent and Honest Advice – With CRC Mortgages, you can expect clear and honest communication, ensuring you fully understand what to expect before proceeding.
- Personalised Approach – Every client is unique; hence we carefully assess your personal circumstances to ensure we help you identify appropriate mortgage products.
Remortgaging Liverpool with No Credit History
If you currently own a home in Liverpool and wish to remortgage but have limited credit history, our brokers are ideally placed to help. We can assist you with remortgaging options that may better suit your financial circumstances, helping you secure appropriate mortgage terms or rates.
Our brokers thoroughly review your personal information and circumstances, providing you with tailored support to help you identify and approach lenders that suit your needs.
Frequently Asked Questions (FAQs)
Can I build my credit history quickly before applying for a mortgage?
There are several ways you can begin to establish credit, such as taking out a credit builder card, registering to vote, and paying bills on time. However, this process usually takes some months before it noticeably impacts your creditworthiness.
Do I need a bigger deposit if I have no credit history?
Often, a larger deposit can improve your chances of approval if you have limited credit history. This is because lenders typically see a bigger deposit as lowered risk. However, every situation is unique, and our brokers can help you identify your best course of action.
Does having no credit history negatively affect mortgage rates?
While having no credit history may reduce your available mortgage options, it doesn’t necessarily mean higher rates. Each lender has its own criteria, and our brokers can help you identify and approach lenders whose products might suit your situation.
Can your brokers guarantee mortgage approval?
No reputable mortgage broker can guarantee mortgage approval. At CRC Mortgages, our brokers do their utmost to help you identify appropriate lenders and assist you through every stage of the application, improving your chances of a successful outcome as much as possible.
Choose CRC Mortgages to help you explore your mortgage options in Liverpool. For personalised support from experienced brokers, please contact us today—we’re here to help.