What is a Credit Repair Mortgage?
These are mortgages designed to help people that have a poor credit history to either buy a new home or re-mortgage their current home.
These Credit Repair mortgages, sometimes called almost prime, near prime or bad credit mortgages, are the same as standard mortgages, but they have been designed for people that would fail the usual lenders credit checks.
They have been specifically designed for people who have either previously defaulted on credit or missed monthly bill payments or mortgage payments. They may have had to go onto a debt management plan (DMP), do an Individual Voluntary Arrangement (IVA) or possibly go bankrupt.
They are generally offered at a higher interest rate than their standard mortgage counterpart. This is due to mortgage lenders deeming people with poor credit ratings as being higher-risk lenders.
For this reason, it is essential that you get professional advice from an expert broker at JF Financial Associates who have access to a wide range of bad credit and credit repair mortgage lenders, and will therefore be able to find you the most suitable rates and charges.
We will then work with you on an ongoing basis to help rehabilitate you and your credit profile until we eventually get you back onto high street rates. We will then work with you to make sure we keep you on them!
Why use a Broker for Credit Repair Mortgages?
We can offer you excellent advice on getting a mortgage to suit your current and future financial situation. If you are looking to purchase a new home or trying to re-mortgage your existing one to raise some money, we are here to help. We won’t stop looking until you are completely satisfied with your tailor-made solution.
We will look for a mortgage that won’t cost you the earth each month and will allow you to plan for a better financial future. To start you on that journey, here are some simple, easy tips to help improve your current credit rating:
- Check your credit report for any irregularities and report them immediately
- Close any credit card or store card account that you no longer use
- Ensure you are on the Electoral Role
- Pay all your bills in full and on time
- Ensure all accounts are listed at your current address. Something you opened several years ago could still be listed at your old address causing credit search concerns
- Use your savings to clear any outstanding debt that you may have i.e. loans, credit cards, store cards
So, if you have suffered a Default, CCJ or a similar financial concern, all hope is not lost! Don’t delay, give an experienced JF Financial Associates Mortgage Broker a call today on 0345 508 8588 for a free initial assessment. We only offer honest advice!
PLEASE NOTE – Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
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"Very helpful throughout the remortgage process and very good at explaining everything in simplified terms we could relate to and not just financial jargon."
Thank you very much for all your hard work obtaining our first mortgage, which was so difficult to get providing our limited finances! Your assistance has been invaluable, and we would have never achieved this without you! We would have no hesitation in using your services again or, indeed, in recommending you to anyone who requires services of a mortgage & insurance specialist.
This was from a client we have been working with for over 7 years now: "Many thanks for all your hard work and effort to obtain our mortgage offer! I can't tell you how it feels for us to have gone from having nearly 100k of debt and a 'hopeless case' to getting a high street mortgage (in less than 7 years!)
Justin was recommend by my bother who had his mortgage arranged with him a couple of years before. The set up process was very easy, Justin got me on the phone, found out my needs and financial details and then came back a couple of days later with three options for me to pick from. After than things went smoothly, Justin and his team were VERY helpful, they even helped fix a couple of problems caused by my solicitors. On the day of completion Justin was on the phone making sure everything was fine as were his team. I felt very well looked after and even decided to arrange extra life cover with Justin.
We have been a client of JF Financial for almost 9 years. Justin goes above and beyond to ensure everything runs smoothly. The service this company provides is 5 star. Would 100% recommend JF Financial.
Knowing Justin is a blessing, I had couple of re mortgage with JFinancial. Very friendly & stress free service, Justin always look after all small details before the application. Hassel free , as long you have all uptodate documents. Great service. Just talking to him is a great pleasure.
I would like to thank Justin from J F Financial for his extremely professional service. After my recent stage one interview which was to understand all aspects of my financial position he was able to tell me more about my finances than I knew myself. Justin gave me clear, decisive advice which enabled me to put things in place to secure future financial stability. I initially went to Justin to see if he was able to help secure an acceptable rate on the re-mortgage of my property as it had come to the end of its term and slipped into variable rate. This was something that I did not think was possible in today’s current financial market. Justin not only matched my existing interest rate but secured this rate for the next 5 years. From Stage one to completion of the mortgage I found this to be a very smoothly run and professional service and would not hesitate with recommending Justin from J F Financial to any of my family or contacts in the future.
Just thought would drop you a quick line to say thank you for all your help with helping us along the process of buying our flat. We are all settled in now and loving it!! I will highly recommend you to all my friends, as it was a pleasure dealing with you and you made the whole process a lot less stressful. Once again many thanks for all your help and your useful knowledge.
Thank you very much for your help, it’s a pleasure dealing with you and will definitely recommend you to my family and friends. Easy remortgage with no hassle!!! Thanks again.
This was a big help in meeting all my needs, very helpful and professional
5 star service. Could not recommend JF Financial highly enough. Justin assisted us throughout the whole house buying/selling process. He made one of the most stressful processes in life easy and hassle free. Was always available for any advice, even out of office hours! Would never look elsewhere for any financial advice in the future.
We have just completed on our 2nd mortgage arranged by Justin. We wouldn’t consider going to anyone else as JF Financial Associates are friendly, professional and determined to find the best mortgage for our ever evolving needs. Justin is able to explain the whole process in an understandable way, making sure you are fully aware the next stage of the process. I have no hesitation in recommending their services. Mr & Mrs Wallis. West Sussex.