Charlton Foxcroft & Co Ltd and Credit Impaired Mortgages

If you have debts getting out of control or if your home is being repossessed, contact us for a consultation and we will aim to find a solution.

What is a Credit Impaired Mortgage?

Credit impaired mortgages may be available to many people whose circumstances determine whether they are viewed as credit worthy or not. If you are self-employed, have an imperfect credit record, have lived at several addresses or never had a bank account you may find it difficult to obtain a regular mortgage.

However, that may not be the case, as there are specialist mortgage lenders out there who will consider giving credit impaired mortgages.

As a specialist mortgage broker, we have a relationship with lenders who may provide Credit Impaired Mortagages and we'll aim to help you find the mortgage to suit you.

Credit impaired mortgages are often available at higher rates, may have higher charges, may require larger deposits and may be available on less flexible terms than 'high-street' products as the lender considers the customer to present a higher risk of defaulting on the payments.

We have helped hundreds of people using our specialist techniques.

Think carefully before securing other debts against your home. Your home may be repossessed of you do not keep up repayments on your mortgage.

The overall cost for comparison is 6.8% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. There will be a fee for mortgage advice. The precise amount will depend upon yur circumstances, but we estimate it will be £395, for credit impaired it will be £795. Paying off short term loans and credit cards with a mortgage could cost you more over the long term. You may have to pay an early repayment charge to your existing lender if you remortgage. For impaired credit and self certification mortgages the overall cost for comparison is 7.95%.