Selective Mortgages were formed in 1999 and specialise in providing mortgages, remortgages and secured loans for clients who have past or current adverse credit registered. We have access to a number of specialist bad credit mortgage lenders who will consider applications that do not meet with the strict criteria applied by high street banks.
We also have access to some smaller building societies who are able to consider minor adverse credit mortgage applications on a case by case basis by taking account of your overall circumstances such as credit history, deposit and ability to maintain the mortgage repayments. If you need a bad credit mortgage we can help.
We also have access to some smaller building societies who are able to consider minor adverse credit mortgage applications on a case by case basis by taking account of your overall circumstances such as credit history, deposit and ability to maintain the mortgage repayments. If you need a bad credit mortgage we can help.
Services
We specialise in assisting people who have had adverse credit registered and do not currently qualify for a mortgage with high street lenders. We use our 20 years' experience operating in the adverse credit mortgage market to identify the lowest rate mortgage for you and we have access to all of the lenders in this sector of the mortgage market.
Adverse credit mortgages are suitable for people who are unable to obtain a mortgage with traditional high street lenders. This may be because you have missed mortgage, loan or credit card repayments or have had defaults or CCJ's registered against you for example. This type of mortgage was widely available prior to the credit crunch in 2007.
Statistics reveal that one in five people in the UK have what is regarded as a poor credit rating. People falling under this category have a wide range of occupations, income levels and ages. It may not be a matter of financial mismanagement but simply unemployment or even being in dispute with a company over payment of a bill.
We will conduct a short face to face or telephone interview, where we will confirm details of your income, deposit and credit profile. This allows us to build up a picture of your situation and we will quickly be able to establish whether you qualify for a mortgage or not.
Following the fact find, we will confirm the mortgage options available to you and provide you with details of the interest rate, monthly repayments and fees payable for the selected mortgage product.If you wish to proceed with the mortgage on the terms indicated, we will then make an application to the lender on your behalf to secure an approval for you.
Following the fact find, we will confirm the mortgage options available to you and provide you with details of the interest rate, monthly repayments and fees payable for the selected mortgage product.If you wish to proceed with the mortgage on the terms indicated, we will then make an application to the lender on your behalf to secure an approval for you.
For us to assess if you qualify for a mortgage, we will carry out a short fact find to record details of your income, deposit and credit history etc. Self employed applicants - proof of the latest year's accounts or latest HMRC SA302 certificate which will evidence your business nett profit, please note that some lenders will require two years income figures.
Reviews (2)
Jon S.
Nov 01, 2019
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Rukun Ahmed
May 27, 2019
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Have supported the organisation with their IT requirements for several years. In that time I would like to add that what Phil offers as a service is excellent and comforting for those who look towards getting a mortgage.
The advice is first class and should anybody be looking for a mortgage broker Phil should be the first call
The advice is first class and should anybody be looking for a mortgage broker Phil should be the first call
