Bad and adverse credit mortgages

Bad and adverse credit mortgages as well as bad and adverse credit re-mortgages are mortgage products designed for those with a bad credit history.

If you have problems getting credit, have been declared bankrupt, have CCJ’s, been repossessed or have entered an individual voluntary agreement (IVA) a mortgage designed for borrowers who have adverse credit could be your only method of borrowing to buy a property.

Bad credit mortgages have also been known in recent years as sub-prime mortgages and were one factor that helped to create the financial crisis in 2008.

Bad credit mortgages or bad credit re-mortgages usually charge a higher interest rate than a normal mortgage because of the perceived risk in lending to individuals with a bad credit history.

	Bad credit mortgages A bad credit mortgage, also known as a non-conforming mortgage or adverse credit mortgage, is a loan secured against the value of a property designed for people with poor credit histories.
	How to get a loan if you have bad credit If you are struggling financially, options for loans can be hard to find. Kate Saines shows you the best options for borrowing and repairing your credit rating.
	The dangers of bad credit and low value loans Bad credit loans and low value loans can sometimes become high cost loans if you are not very careful. Find out how to avoid the pitfalls of short term loans.
	Northern Rock to be 'stuck with bad credit mortgages' Northern Rock is set to be left with borrowers with poor credit records - as more creditworthy customers leave, the bank's executive chairman admitted today.
	Bad-credit mortgages to expand Bad credit mortgages are set to become more popular, the Council of Mortgage Lenders (CML) has said.