| Property | Three-bedroom semi-detached house |
|---|---|
| Location | Bearsden, Glasgow |
| Client | Employed homeowner, arrears two years ago |
| Product | Adverse credit mortgages |
The challenge
The client fell behind on mortgage payments during an extended period off work. Payments had been made on time since his return, but his existing lender only offered its standard variable rate and other lenders declined him.
What we did
We sourced specialist lenders that focus on recent conduct and the reasons for past arrears. We provided an explanation, evidence of stable employment and 24 months of clean payment history. We compared the specialist offer with any product the existing lender might offer, so he could see the full picture.
The outcome
The remortgage completed at 67% loan to value, moving him onto a fixed rate with predictable payments.
Adverse credit mortgagesMortgage options if you have missed payments, defaults, CCJs or past insolvency on your credit file.
Learn moreImportant: Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice: up to 1% of the loan, typically £500.