It is a well-known fact that your credit score is one of the most important aspects while procuring a mortgage. You can be labelled with bad credit due to many reasons. One major reason among them is a County Court Judgment or CCJ. If you fail to repay a loan within the stipulated time, the lender can file a case against you.
A CCJ is usually seen as an indicator of risk. This does not mean that you will not be able to get a mortgage, but simply means that you will be considered as a high risk case. You may ...
A commercial mortgage is usually availed if you are intending to buy a commercial property in order to start your own business or even simply for the sake of investment. Various kinds of commercial mortgages are available depending upon the type of the commercial property.
Depending upon the nature of the business you may get up to 100% or more mortgages on your venture. When your mortgage lender provides you with the full purchase value of your commercial property it is termed as 100% commercial mortgage.100% commercial mortgages are also called no deposit mortgages since they do not ask for a ...
Do you see interest rates falling in the market and feel sad that you can’t take advantage of it just because of your credit ratings. Wrong. It is true that in most cases you will be deserted by the majority of high street lenders but there are specialist lenders out there who will lend a remortgage loan to you irrespective of your credit history. Bad credit remortgages are meant for home owners in UK who have had some problems with their credit ratings including CCJ’s, defaults in past loan payments, un employment, bankruptcy, etc etc.
Remortgage is essentially a switch over ...