Who uses Adverse Credit mortgages?
Adverse Credit mortgages are often used by those who have gone into arrears on their previous mortgage, but are available to any who have a spotty credit history. They can demonstrate financial reliability and repair credit histories that have been affected by previous events.
Adverse Credit
Most high street lenders will penalise people for not having a perfect credit rating or payment history. At APH Financial we have access to the specialist lending market allowing customers with CCJ’s, defaults or missed/late payments to obtain a mortgage.
This is a very specialist sector typically only available through the broker market. You will be looked after by one of our senior consultants who has years of experience in this market. This will give you the best possible chance of getting your mortgage even if your credit file isn’t where the high street lenders want it to be.
What is an Adverse Credit mortgage?
An adverse credit mortgage is designed for people with poor credit history, including missed payments, defaults, or bankruptcies. These mortgages typically have higher interest rates and require larger deposits than standard deals. Specialist lenders assess each case individually, considering your current financial situation alongside your credit problems to determine lending terms.
What the benefits of an Adverse Credit mortgages?
Adverse Credit mortgages are in some cases the only option for those who are affected by bad credit histories or have had their mortgage run into arrears. They can be used to save mortgages that might otherwise have to be abandoned and also provide for some the only option for a first step into the mortgage market. Their stringent terms means they can help develop disciplined repayment habits for those who have had troubles with more lenient programs in the past. In some cases repossession of a property can be prevented with careful negotiation onto a credit repair mortgage.
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Your Mortgage Journey with APH Financial
Step 1
Speak to APH Financial for an initial consultation to assess your affordability and an indication of the type of borrowing available to you within the mortgage market.
Step 2
If your happy to go ahead APH Financial will book a full consultation either on Zoom or face to face with your consultant. You will be given a mortgage approval in principle confirming your maximum borrowing and putting you in a very strong position when offering on a property.
Step 3
Once you have found a property we take care of everything else, mortgage application, surveys, solicitors, searches and dealing with any estate agents or developers on your behalf.
Step 4
Your dedicated case manager and your consultant will be on hand to guide you through the whole process.
What Our Clients Say
I have used APH for both my first mortgage and my recent remortgage. I have also taken out life insurance and income protection cover with the help of James.
James has been very thorough with talking me through various options both with my remortgage and insurance cover. He explained things very well and I knew I was in safe hands with him. I will most definitely continue to use APH in the future as they make the whole process straightforward and stress free!
Amy
APH provide an excellent service. We are grateful for their continued help and guidance (we have been supported by APH for over 10 years now). Bianca who assists us is superb, she is easy to contact, friendly and relatable. Highly recommend APH.
Emma Payne the same upttuhv
I recently worked with Bianca from APH, and I was very happy with the service I received. From the very first consultation, she took the time to explain all my options clearly, answered every question with patience, and made the process feel smooth and manageable. She was always there to hold my hand when I had questions!
ruth chamberlain
Bianca had been absolutely amazing from start to finish I can’t recommend her highly enough! She has been helpful and provided an amazing service, everything was professional and any queries were sorted quickly and made me feel valued.
Would Definately recommend to anyone!