a helping hand when your options are limited...

a helping hand when your options are limited...

credit impaired:

the signature team can find solutions even at the hardest of times.

 

If you’ve experienced financial issues in the past and have a bad credit record, it can often limit your options when it comes to purchasing your own property. 

 

Credit Impaired means that you may have severe adverse repayment information on your credit report. This can include things such as defaults, county court judgments, or bankruptcies. These are the more severe scenarios that lenders will look for to decide whether they would lend to you, or not. 

 

But it’s not always so black and white, and that’s why leaning on expert advice from us is beneficial. The Signature team have access to specialist lenders who are flexible with their criteria, and will be able to find a solution to help you to get one step closer to purchasing your own home.

 

 

get in touch

credit impaired:

the signature team can find solutions even at the hardest of times.

If you’ve experienced financial issues in the past and have a bad credit record, it can often limit your options when it comes to purchasing your own property.

Credit Impaired means that you may have severe adverse repayment information on your credit report. This can include things such as defaults, county court judgments, or bankruptcies. These are the more severe scenarios that lenders will look for to decide whether they would lend to you, or not.

But it’s not always so black and white, and that’s why leaning on expert advice from us is beneficial. The Signature team have access to specialist lenders who are flexible with their criteria, and will be able to find a solution to help you to get one step closer to purchasing your own home.

bad credit:

how do ‘bad credit’ mortgages work?

 

‘Bad Credit’ mortgages, are very much like a regular mortgage, but they are likely to come with higher interest rates, and there potentially could be a lower limit on how much you can borrow. 

 

The main reason for this, is that having a lower credit score can be seen as a higher risk to the lender. Your monthly repayments will go towards repaying the money you’ve borrowed, as well as paying the interest charges on top. 

 

 

get in touch

bad credit:

how do ‘bad credit’ mortgages work?

‘Bad Credit’ mortgages, are very much like a regular mortgage, but they are likely to come with higher interest rates, and there potentially could be a lower limit on how much you can borrow.

The main reason for this, is that having a lower credit score can be seen as a higher risk to the lender. Your monthly repayments will go towards repaying the money you’ve borrowed, as well as paying the interest charges on top.

reviewing your credit report:

As part of our insight and discovery stage, we’ll firstly need to review a copy of your credit report. We’ll then get to work and assessing the following information to gather as much detail as possible to present to the lender. 

missed loan / credit / comms payments

1-4 staging of missed payments .
How often payments are missed.
How much for? 
Why? 

crown court judgments / defaults

How much for?
When were they registered?
Have they been satisfied / unsatisfied?
Why?

individual voluntary arrangement

How much for? 
When was this registered?
Has a payment been missed?
Why?

have you been declared bankrupt?

How much for? 
When was this registered? 
Have you arranged to pay the debt back?
Why?

get in touch:

Contact Us

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funding
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Highpoint, Festival Way,
Stoke-on-Trent,
Staffordshire ST1 5SH

01782 617600

Highpoint, Festival Way,
Stoke-on-Trent,
Staffordshire ST1 5SH

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Your home may be repossessed if you do not keep up repayments on your mortgage.

Registered in England and Wales. Signature Funding Solutions Ltd is an appointed representative of PRIMIS Mortgage Network, a trading name of Advance Mortgage Funding Limited. Advance Mortgage Funding Limited is authorised and regulated by the Financial Conduct Authority. The guidance and/or information contained within the website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK. Registered office address – Highpoint, Festival Way, Festival Park, Stoke On Trent, Staffordshire, ST1 5SH. Registration number - 07041169