Bad Credit Mortgages. 

Bad Credit Mortgages. 

We work with specialist lenders for those with bad credit. 

Many people have a bad credit history but that doesn’t mean you can never apply for a mortgage to buy a property. Your choices might be fewer than for those with good credit but let us assure you it can be done. Reeds Financial have access to lenders who are willing to offer bad credit mortgages and we can take the time and worry away from you by finding the best deal for your individual circumstances. We’re not here to judge, just to help. 
Once you start paying your mortgage, and show that you are a good, solid investment for a lender, your future mortgage options will definitely improve. 
Becoming a property owner might seem like a pipe dream if you have a bad credit history but work with us and let us help you turn that corner. 
A bad credit mortgage might be suitable for you if you have CCJs, credit card arrears and debts, been bankrupt within the last six years, defaulted on a previous mortgage or series of bills, been placed on a debt management plan or an individual voluntary arrangement (IVA). 

Want expert advice right now? 

Speak to one of our friendly mortgage advisers now on 0330 128 0989

Why Us. 

Why Us. 

We are for every person looking to buy a property. No property is too big or too small and our expert team can arrange mortgages for all kinds of buyers – first time buyers, Buy-to-Let, the self-employed and freelancers, commercial landlords and property investors. 
We understand that the mortgage world can be a minefield. So we keep things clear and jargon-free. Your mortgage is a hefty investment and we want you to know what you are signing up to, how much it’s going to cost you and exactly what is involved in the whole process from the minute you find your ideal property. 

Getting the Right Advice. 

Getting the Right Advice. 

You can find pretty much anything you want online and a mortgage is no exception. But you won’t have access to the same rates and deals we can see, from every lender out there. And you’ll have to spend hours of your own precious time wading through comparison sites, questionnaires and forms with no guaranteed positive outcome. 
A quick fact-finding conversation with us will allow us to thoroughly understand your needs and objectives. We will then put the mortgage wheels in motion, getting your mortgage application in quickly so you don’t lose out on your property. You are our number one priority and we’re not affiliated to any lenders, so you know we’re working to get the best deal solely for you. 

What Our  Customers Say. 

What Our Customers Say. 

Here are a few ways we have changed our customers’ lives. 

Frequently  Asked Questions. 

Frequently Asked Questions. 

Read through our frequently asked questions below and dive into our myth-busting guides to have a better understanding of what we do. 
 
The first step is to get hold of your credit rating – you can do this free of charge with various online companies, such as Equifax, Experian and TransUnion (or ask us and we can help). Each has their own ‘good’ score so check this too. Some things you can do to secure a good credit rating include: 
 
Register on the Electoral Roll 
Check for mistakes, including address, date of birth – you’ll be surprised at how the wrong address you affect your score. Also, keep an eye out for any fraudulent activity on your cards or if you’re linked with another person – having a joint account with someone who has bad credit can affect you too (even if you’re married). 
Pay your bills – set up direct debits to make sure you meet the payments and can be seen to be making regular payments. 
Use credit and store cards as little as possible. Try and clear the debt from one before starting another. Cut them up if the temptation is too great. 
 
Six years is the usual time for debts and CCJs to stay on your record. After this time, they are removed, even if the debt remains unpaid. So if you are turned down for a mortgage, be reassured that one day your record will be clear if you can remain debt-free. The more recently you defaulted, and the bigger the sum, the less likely you are to be accepted. 
 
Yes, in all likelihood you will. This might seem harsh, especially if you are trying to pay off your debt and save for a deposit, but lenders are trying to protect their investment. 
 
This isn’t a straightforward one. Some lenders will automatically turn you down if you have a CCJ or an IVA, some won’t touch those who have been declared bankrupt recently. The advantage of speaking to Reeds Financial is that we know the lenders that are most likely to offer you a mortgage and we won’t waste any of your time or raise your hopes unnecessarily. 
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. 
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