Struggling to get a mortgage

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More and more people in the UK are struggling with debt and are finding it increasingly difficult to maintain their payments. Obtaining a mortgage when you have credit issues can be very difficult, and you may find that, without the help of a broker, your application will be declined.

The thing to remember is that each lender is different and just because you may have been declined by one lender, doesn’t mean you won’t be accepted by another. At Advantage, we have the experience and knowledge to help you if you have credit difficulties. We have arranged mortgages for people in the following circumstances:

  • No credit history
  • Low credit score
  • Late payments
  • Missed mortgage payments
  • Defaults
  • CCJ’s
  • IVA’s
  • Debt management Schemes
  • Repossessions
  • Bankruptcy
  • Payday Loans

 

When applying for a mortgage, the majority of lenders will carry out a Credit Search as part of the process. The majority of main stream lenders are likely to assess both your Credit Score and Credit History, where as some smaller, more specialist, lenders are only interested in your History, and ignore your Score.

If you haven’t done so already, it is always advisable to obtain your Credit Report in advance, as the information contained within the report is what the lender will base their searches on.

Different lenders use different Credit Reference Agencies, therefore it is sometimes difficult to determine which one is accurate. At Advantage, we recommend Check My File as our preferred report provider, as it will show multiple results allowing you to get a full picture of how lenders are likely to assess your application.

In order to obtain your report, click on the below link to get a 30 day free trial with CheckMyFile and download your report:

Click here to get your free credit report

If you have applied for a mortgage and have been declined by the lender, or you simply have some concerns about your current credit situation and want to discuss it with an adviser, we are more than happy to speak to you and guide you appropriately. Use our booking system to arrange a time at your convenience for a no obligation chat.

The quickest way to discover the maximum you can comfortably borrow is by speaking to an experienced mortgage broker, such as ourselves, and getting them to check out all available mortgage deals, that way you can be sure you get the cheapest deal. Contact us now to get your home move moving!
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Book an appointment

Call us on 0117 442 0604 or send us an email at info@advantagefs.co.uk if you would like to find out more.

Why_Choose_Us?

Why Choose Us?

Our clients choose to trust us over the competition because of the way we conduct our business.

Transparency
Did you know that not all mortgages are available through brokers? That’s why we’ll always let you know about any cheaper deals that we’re aware of when we make our recommendation. Nothing hidden here.
Giving
We exist not only for our clients but to make the world a better place in any little way we can. We participate in ‘micro-giving’ via a charitable organisation called Buy1Give1, to causes such as conservation and clean water.
Technology
All Advantage customers have their own Client Portal for secure exchange of information, messages and documents. However, we always tailor our services to suit you, whether face to face, telephone, email or carrier pigeon.
Specialism
Whilst we have arranged finance for people in all situations, we have areas we think we excel in. If you are a contractor, self-employed, a first time buyer, an older borrower or have had credit issues, you should really call us.
Your Home may be repossessed if you do not keep up repayments on your mortgage or another debt secured on it

The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.

Our typical fee is £450 and only paid when your offer is produced. This means that if we’re unsuccessful in getting you the mortgage you won’t pay a fee, giving you the confidence you need from a broker.

Advantage Financial Solutions is a trading style of TRM Financial Ltd, an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH.  Registered in England and Wales no. 09832887.