Bad Credit Mortgages with No Broker Fee To Pay

Bad Credit Mortgages…adverse credit…impaired credit…sub prime… non-conforming…*

If your credit history is less than perfect you may feel you have been given a label and a lead weight to carry when it comes to getting a mortgage. You may think the only option open to you is to use a specialist ‘bad credit’ mortgage company with resultant high fees and interest rates…..

Mortgage of Choice pledges to find you the most competitive mortgage relative to your circumstances and we will not charge you a broker fee!
Broker fees of 2% - 3% of loan amount are commonplace – that’s £2000-£3000 on a £100000 mortgage. We could save you enough to pay off an outstanding loan or credit card balance.
Most people have to add the broker fee to the mortgage so on top of a hefty fee there’s interest being charged month in, month out! Not much help when finances are probably already stretched.

CCJ’s, Defaults, Mortgage Arrears, IVA’s, Discharged Bankruptcy

In the not so distant past very few options existed if a period of financial hardship had resulted in any of the above – if a loan or mortgage was offered at all, it came at very high rates of interest and probably quite onerous terms and conditions. The adverse credit marketplace now includes a lot more lenders – including some well known high street names – and this has lead to a range of mortgage products that are competitively priced and structured to cover nearly every aspect of damaged credit.

Mortgage of Choice will search the market and offer the most suitable product we can for each customer’s circumstances. See Treating Customers Fairly
It may be possible to secure a mortgage on standard rates, or very close to them, as some lenders may take a more sympathetic view where there has been a ‘one-off blip’.
Certain lenders provide true credit repair mortgages where customers can switch to standard rates if payments are well maintained for the period of the repair product.

Whatever the scenario, our service promise is to “recommend the mortgage solution we would be happy to choose for ourselves, given the same needs and circumstances, and work diligently on your behalf to ensure an efficient and timely completion”.

So, even if circumstances dictate a higher rate being charged, you can rest assured that we will recommend the most cost effective solution having also looked at product fees, penalties and tie-in periods. Remember, with Mortgage of Choice there’s no broker fee to pay which is a great help when you’re trying to get back on track.

Help us to Quickly Help You by arming us with an accurate picture of your circumstances.
It’s always beneficial to have an up to date copy of your credit report before applying for a new mortgage or loan. You get to see what the lender sees when making a decision on whether to lend - and if there are incorrect entries on your file you can take steps to get it amended.

We think checkmyfile.com provide a straight forward and informative website that allows you to obtain your credit report online from the three major credit reference agencies. In addition, there are features that enable you to obtain a quick free guide to your credit score and indications of house prices & credit rating for your neighbourhood.

You are now departing from the regulatory site of Mortgage of Choice.
Neither Mortgage of Choice nor Home of Choice Ltd is responsible for the accuracy of the information contained within the linked site.

A statutory copy of your credit file can be obtained by contacting each agency direct.
The cost is £2 payable by cheque or postal order Credit Reference Agencies

See also:
Debt Consolidation
Debt Management

CAN WE GET YOU BACK ON TRACK WITH A CREDIT REPAIR MORTGAGE?

0800 988 1889  enquiries@mortgageofchoice.co.uk Enquiry Form