Credit history is just one factor lenders take into consideration when looking at your financial situation. For some, a credit issue might be a complete surprise while making an application for a first home, or like the loss of a job, you might be aware of it but couldn’t do anything about it! Most of our clients have already approached the bank and been turned away and are unsure how to fix the situation.
Unexpected Life events are common! How many of us have suffered financially at one point from:
- Unaware of joint bills with ex- flatmates
- Medical mishaps
- A relationship spilt
- The loss of a job
Don’t accept an extremely high interest rate as if we are able to present your situation correctly we can offer preferential rates with lenders. The best way to approach this is to lay your cards on the table.
We understand the frustration at being turned away from the bank for a minor issue and have helped lots of clients get into their first home with adverse credit and we can still process your application quickly. Keep in mind this doesn’t need to be expensive as there are lots of options around. We look at options to consolidate debts, or fold outstanding defaults into the mortgage so you can move on with life. Often we can contact the people that outstanding credit defaults are owed to and look to offer a full and final settlement. We are sometimes able to arrange significant discounts on your behalf.
