Case Studies
Selective Mortgages have a long history in helping clients with a bad or poor credit history to secure a mortgage. Here are some exampes of cases where we’ve been able to successfully help customers in applying for an adverse credit mortgage.
Mr J was in a Debt Management Plan with historical defaults registered on his credit file. He was paying £1900pm on his current mortgage, secured loan and DMP. The current mortgage was in joint names and following a marital split, and he wanted to put the house in his sole name. We arranged an adverse credit remortgage in his sole for £185K based on a valuation of £250K at a fixed rate of 3.44% for two years with repayments of £1035 per month.
Miss D contacted us after being told by other mortgage brokers they could not assist her with a adverse credit mortgage application. Miss D required a mortgage for £90K based on a purchase price of £150K. She had a number of defaults registered against her including two registered within the last 12 months, totalling £14K. We secured a mortgage approval for £90K at a mortgage rate of 5.75%.
Mrs M required a mortgage for £87000 against a purchase price of £118000. She had a number of historical defaults registered with a total value of £23000. We secured Mrs M a 3.64% fixed rate mortgage for three years.
Mr & Mrs N required an 85% mortgage for £250,000. They had a number of defaults including two registered within the last two years. We secured a mortgage approval for them at a 6.69% fixed rate for two years.
Please call us today on our freephone number or complete our Online Enquiry Form and we will be pleased to assess the mortgage options which are available to you.