Name: Bad Credit Mortgage Home
Rating: 4.94 (156 reviews)

The clients borrowed

In total

The client secured a

Deposit

Two home movers with bad credit mortgage potential looking to purchase a new build home.
The clients needed to borrow £380k with a 5% deposit.

The clients had high levels of personal debt, equal to over half their annual income, several lenders require more than a 5% deposit when purchasing a new build.
The clients were under pressure from the new build sales team to have a mortgage in place to secure the property.

A lender that did not have a debt-to-income ratio and were comfortable with small deposits on new builds.
Advice was given about which commitments should be paid down prior to completion to make the case and the clients more attractive to a lender.
We evidenced to the lender that the clients would still be in a strong financial position and able to keep up with the new mortgage payment, alongside all their existing commitments.

A high street lender at a competitive rate of interest, giving a monthly payment affordable to the clients.
The property was secured and mortgage completed.

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Bad credit mortgage clients purchase dream new build home