How and Why a Poor Credit Mortgage UK?
Poor credit mortgage UK is the example of the changed attitude of the lenders in UK. Previously poor credit was regarded as something risky. It was believed that a person who has already failed to repay his debts is more likely to do so in future. But now due to the change in socio-economic condition of man bad credit is no longer regarded as a risk factor so far lending is concern. People in large number are falling in debt and successfully coming out also. That is the reason why lenders do not hesitate to offer poor credit mortgage UK. You can apply for a Poor Credit Mortgage UK irrespective of your credit record. Whether you have any of the following factors against you a poor credit mortgage will remain available for you. • County Court Judgment s • Mortgage arrears • Missed payments • Defaults • Bankruptcy However, the truth which should not be overlooked is the high rate of interest generally charged by the lenders in case of poor credit mortgage UK. The rate of interest is reall
