badcreditmortgageadvice

Bad Credit Mortgage after Property Repossession

Obtaining a mortgage after being after having a property repossessed can be difficult, sometimes feeling impossible with most high street lenders unwilling to consider an application after having a property repossessed within the last 6 years.  At Plus Financial solutions we have lenders that will consider applications even if you have had a property repossessed in the past.

HOW LONG AFTER HAVING A PROPERTY REPOSSESSED CAN YOU APPLY FOR A MORTGAGE?

We currently have lenders who will consider an application 12 months after you had a property repossessed assuming all related debts have been cleared. Typically you would need at least a 25% deposit to be considered. After 3 years we have lenders that will potentially lender up to 85% of the property value assuming no other bad credit in the last 3 years.

Bad Credit Mortgage with a Debt Management Plan

BAD CREDIT MORTGAGE WHEN IN A DEBT MANAGEMENT PLAN

Obtaining a mortgage after entering a debt management plan can be difficult, sometimes feeling impossible with most high street lenders unwilling to consider an application after if you have been in a debt management plan within the last 6 years.  At Plus Financial solutions we have lenders that will consider applications even are currently in a debt management plan.

HOW LONG AFTER ENTERING A DEBT MANAGEMENT PLAN CAN YOU APPLY FOR A MORTGAGE?

We currently have lenders who will consider an application 12 months after you have entered the debt management plan, assuming you have made at least the last 12 months payments on time and not suffered any additional credit issues. Typically you would need at least a 15% deposit to be considered.

Get in touch today to see how we can help

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