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Mortgage News : Bad Credit Mortgage


Bad credit mortgage

There are now many companies that can offer competative bad credit mortgages to people with less than perfect credit ratings.

A bad credit mortgage (sometimes know as a sub-prime mortgage) is a loan given to those with poor credit. Often the borrower would have credit issues such as CCJs (County Court Judgements due to non payments of outstanding debt), arrears (payments that have not been made by the due date), defaults (failure to meet the terms of a loan by not paying the interest or capital due), bankruptcy or repossession problems.

The above should not prevent you from obtaining a mortgage.

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