Introducing the New Appleton Mortgages Website
Appleton Mortgages, a trusted name in mortgage and protection services based in Harlow, is thrilled
13 November 2024
We have a team on hand, waiting to help you. Enquire today and see how we can help!
If you have any of the following against your name, you’ve probably struggled getting a mortgage.
But that doesn’t mean you can’t get a mortgage! You just haven’t found us yet… We have specialist advisers who will find a lender that could get you a mortgage even with your poor credit.
Our customers says Excellent They’ve rated us 5 stars
One of the main differences with a bad credit mortgage, is that interest rates tend to be higher when compared to standard mortgages. You’re likely to have to put down a larger deposit too (between 15-30% of the total property value is typical), because bad credit customers are considered higher risk by lenders. If you are looking to remortgage you may already have more the 15% equity (the difference between your property value and the amount you owe on a mortgage).
However, paying a mortgage consistently for a few years can improve your credit score. So in time, you might be able to remortgage with a standard lender at some point in the future.
We have a team on hand, waiting to help you. Enquire today about how we can help.
We are a brokerage that will not give up on you no matter the credit problems…
We have access to a large panel of lenders so we can see more deals than your high street lender, increasing your chances! We also have industry experience and knowledge, meaning we’ve worked with clients in your situation before; we know the lenders that will and those that won’t!
Our approach focuses on understanding your unique circumstances and tailoring our advice to fit your specific needs.
With years of experience in the mortgage industry, we navigate the complexities of the market with ease.
Nothing is ever too complex for us! We thrive on finding solutions, whether you have a unique financial situation or specific requirements.
The straightforward answer is that there isn’t a set minimum credit score required to obtain a mortgage, and some lenders don’t use credit scores at all.
When customers mention credit scores, they often refer to those provided by agencies like Experian, Equifax, or TransUnion. However, lenders have their own assessment methods based on their unique scoring systems. While a credit score can offer an indication of your likelihood of approval across various lenders, it’s not the only factor to consider.
Rest assured, a mortgage adviser can help clarify this process and assist you in finding the right lender for your situation.
Lenders evaluate your eligibility based on multiple factors, including your credit history, the size of your deposit, income, outgoings, employment status, and overall financial circumstances.
They will examine your credit report for key details such as missed payments, outstanding debts, and financial commitments, which help them assess the risk of lending to you.
To enhance your chances of mortgage approval in the UK, manage your debts wisely, make timely payments, demonstrate a stable income, and review your outgoings to avoid overspending.
There are a number of other things you can do to enhance your credit-rating:
One of the main differences with a bad credit mortgage, is that interest rates tend to be higher when compared to standard mortgages. You’re likely to have to put down a larger deposit too (between 15-30% of the total property value is typical), because bad credit customers are considered higher risk by lenders. If you are looking to remortgage you may already have more the 15% equity (the difference between your property value and the amount you owe on a mortgage).
However, paying a mortgage consistently for a few years can improve your credit score. So in time, you might be able to remortgage with a standard lender at some point in the future
There’s lots of numbers involved and calculations to do when dealing with finances, explore our free-to-use calculators to keep things simple.
Calculate what a monthly mortgage payment might look like for you.
At Appleton Mortgages, we’re committed to guiding you every step of the way, making the process as seamless and enjoyable as possible.
Understand our 8 step process, from having your initial chat to receiving your keys.
Contact us via phone, email, or our website to schedule your initial consultation. During this conversation, we’ll discuss your goals, financial situation, and any specific requirements you may have. This helps us understand how we can best assist you.
In our in-depth consultation, we’ll dive deeper into your needs and preferences. We’ll gather essential information, such as your income, credit history, and desired property type. This allows us to assess your mortgage options and outline a personalised plan.
Once we have all the necessary information, we’ll conduct thorough research to find the most suitable mortgage products for you. We’ll present our recommendations, explaining the benefits and potential drawbacks of each option, so you can make an informed decision.
After you choose a mortgage option, we’ll help you prepare your application. This includes gathering all required documents and ensuring everything is in order. We’ll guide you through the paperwork and clarify any questions you may have.
We’ll submit your mortgage application to the lender on your behalf. Our team will stay in close contact with the lender to ensure everything moves smoothly and address any queries that may arise during the process.
As your application is processed, we’ll liaise with estate agents and solicitors to keep everyone in the loop. This allows you to focus on your day job while we handle the running around and ensure all parties are aligned.
Once your application is approved, you’ll receive a formal mortgage offer. We’ll review the offer with you to ensure you understand the terms and conditions, and we’ll help you navigate the acceptance process.
Finally, once all legal work is completed and the funds are in place, your mortgage will be finalised. We’ll be there to support you through the completion, ensuring everything goes smoothly and you’re ready to move into your new home!
Appleton Mortgages, a trusted name in mortgage and protection services based in Harlow, is thrilled
We offer face to face appointments in the areas where we have brokers. If you live outside of that area, we can still help you! We offer phone call and zoom appointments nationwide.
There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances. This will typically be £295
Your home may be repossessed if you do not keep up repayments on your mortgage.
Appleton Mortgages Limited is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.
Registered Office: Appleton Mortgage Limited,85 Great Portland Street, London, England, W1W 7LT. Registered Company Number: 15807713.Registered in England & Wales/Northern Ireland/Ireland/Scotland.