Bad Credit History Doesn t Mean The End Of Your Mortgage Hopes
Bad credit mortgages in the UK are for people who have a bad credit history. It is not impossible to get a mortgage on the high street if you have a bad credit record, but it is more likely that you will have to use a less well known mortgage lender. The problems of getting a mortgage with an impaired credit record have been in the news a fair bit recently. It goes back to the sub-prime crisis in the United States. Here, lenders were keen to lend money to borrowers when interest rates were really low - around 1% - but when interest rates in the US began to climb, then those borrowers found it more difficult to pay, and many began to default on their mortgages. ...
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