Bad Credit Mortgages

If you fail to pay money that you owe and all attempts to recovery the funds, including letters, defaults and late payment notices, are unsuccessful, you may be issued with a county court judgment (CCJ), something that can have serious consequences and affect your chances of securing other financial products, such as mortgages.

The judgement will come in the post, detailing how much you owe, how to pay, the deadline for paying and who to pay, with records kept for six years, unless payment is made within a month.

Moving home can be one of the most exciting and great times of your life, however it can also be one of the most stressful. You might think you don’t need to bother with an adviser or the help that a First Time Buyer may need as you have already done the process before; but the market is ever changing. It can be just as confusing and difficult second, even third time around. 

Remortgaging is where you take out a new mortgage on your home or a property that you already own. This will replace the mortgage you have already got. 
A lot of people can feel negatively towards the possibility of remortgaging, however there are some really good reasons to do so! Read on to find out a bit more about the remortgage process, and maybe why it could be the best thing for you.

If you continually miss a payment on a debtor credit agreement, you will likely go into ‘default’. This means that your lender has decided that you are not going to pay this debt back, and has ended said agreement. Every lender will have different rules on how many debts their client can miss.

What is repossession?