|
|
| *Loan,banking and credit>>>bad credit mortgage |
UK residents only - I have a bad credit rating and dont think I will get touched for a mortgage....? |
Is renting going to be my only option for ever and ever amen?? I really want to start looking to buy even though the market is mental right now... any tip/hints would be appreciated.... not sure this is in the right category either but im asking friends this question anyways right now...... IF U HAVE MONEY Y HASSLING YOU SELF WITH GETTING A MORTGAGE .just GO AND BUY IN FULL CASH .PLAY JACKPOT OF 拢I0M AND GET A HOME 4 YOURSELF Hi,hun. Even if you are in credit reference agencies, that's not FOR LIFE! In 5 years everything will be cleared! My advice to you is to request your credit file and if you don't agree with something, you should go to a civil court to solve the problem and clean your name. And getting mortgage it's not a problem,because you have to pay a deposit and if you cannot afford to pay for the mortgage any longer,your house will be repossessed and basically the company of the mortgage does not loose anything. So...?Why they have to refuse you a mortgage? you have to start building a good credit rating, do it with small things like a store card but make sure you pay in time to avoid interest rates. When I applied for a mortgage they didnt look at my credit rating just my wages and outgoings. try a mortgage broker one of them will get you a mortgage. it will be easier if your outstanding debts have now been cleared. the interest rate will be higher and you will have to pay a minimum 10% deposit. You are right to worry about it, and do something now rather than later. Talk to an independant financial advisor, it will be well worth their small fee. Have you saved a considerable deposit for a mortgage yet? That is the real test of whether or not you can pay one. It can be ridiculously hard these days. As for your credit rating, you can repair this by such things as joining a monthly CD or DVD club, and paying promptly, in full each month. Get a credit card, and perhaps only use it for petrol, and repay in full each month. Let it be seen that you CAN handle credit, and your rating will improve. If you have outstanding balances, see if you can get a 0% introductory offer, and transfer the balance to it. A financial advisor will sit you down, and go through a host of companies on a lap-top, to find you the best deal, just like a car insurance broker. Ask for the an idea of the fee, or see if the initial approach is free of charge. Good luck! I feel incredibly sorry for young people today, who want to strive out for their independence and I too am not very keen on paying rent on a house.......yes you are paying for the use and ammenities of a nice place but its not yours at the end. I assume that your credit ratings not good due to past borrowing / perhaps poor repaying? Well circumstances change and tho it may take a couple of years you can repair the damage by keeping borrowing/cards etc down to the absolute minimum & making sure that you ALWAYS pay on time and in a year or two lenders will be more sympathetic. Try to do without & if you have to borrow to get something ......you cant afford it ! Save if you can, even a few pounds saved regularly can soon make a decent bit to use towards something worthwhile.....All the best Your best bet would be to find a mortgage broker, they usually have a panel of mortgage lenders that they can use and will more than likely have somebody who would be able to help, no matter what your circumstances |
| Tags |
| loan rate sba loan debt loan cash loans bad credit mortgage best credit card business credit chase credit citibank credit card credit application |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |