Is it possible to get a mortgage if you have adverse credit?

Bad credit mortgages have seen an overhaul in the past few years. Lenders that supply mortgages for those with adverse credit are now returning to the market, post credit crunch. If your credit rating is poor then working with the right mortgage advisor is as essential as finding the right mortgage company. Essentially a lender will make a decision based on the level of risk they feel it holds them to. Regardless of the reason behind your situation, whether you have a low credit score, a CCJ, or an IVA or on a debt management plan, you may feel like the possibility of you ever getting a mortgage is remote and impossible task. However, thatbs not strictly true! There are several factors that affect you as a credible borrower such as deposit amount, income and assets. However the amount of money you put down as a deposit will affect the type of mortgage available to you. For example, lenders tend to be more flexible with a 15% deposit or more. The severity of your bad credit history will therefore depend on the amount of money you will need for a deposit. The main thing is you have come to the right place! As market leaders, we donbt expect our clients to know any of these things as our professional advisors have a wealth of knowledge and experience spanning the whole mortgage sector. This means not only will we assess your current situation and show you how to may improvements but we can show you a variety of solutions that will work for you.