I would suggest talking to your local bank about this matter. You can also find some information online regarding this matter on zillow.com. There you will be able to find advice not only on bad credit mortgage but many different aspects of your mortgage or your bad credit. They may even be able to help you fix it.
Someone with bad credit can apply for mortgages through the FHA program. These mortgages are backed up by the FHA and are a good choice for someone who has bad credit.
Someone with bad credit can still obtain mortgages in the UK. Some of the companies that offer mortgages for people with bad credit are Alexander Hall and ASAP Mortgages.
Bad Credit mortgages are for people who do not qualify for traditional mortgages. These tipically have shorter terms with higher interest rates.
There are a few ways for people with bad credit to get mortgages. The following companies offer mortgages for people with bad credit: E-Loan, MortgageCreditProblems, and Ameriquest Mortgage Company.
You can find good advice regarding bad credit mortgages from banks and credit unions. Likewise, more impartial resources are available through sites like About among others.
There are many online resources to help people clear up poor credit histories including bad credit mortgages. Several companies offer services and advice to this end. Examples include The Legacy Group and Apple Mortgages in the UK.
You can find information regarding bad consolidation credit debt and mortgages at the DebtHelp website. Once on the page, you will have access to expert guides, debt calculators and more.
There are many banks that give competitive bad credit mortgages. These include GE Money, Precise Mortgages, Ocean Finance and Purple Loans. You will have to put up a large deposit.
Bad credit mortgages will likely have a higher than usual interest rate. They may also have stricter policies and penalties for late and partial payments.
The first place to check for information on mortgages would be your bank. Even if you have bad credit the bank will inform you if there is any possibility to get this type of loan. The internet also boasts many sites that will give more information about bad credit and mortgages.
Some companies that offer mortgages to individuals with bad credit in the UK include GE Money, Precise Mortgages, and Saffron Building Society. These companies offer a variable 24 month mortgage with an interest of around 4.50%.
Since the economic collapse, few banks are willing to offer mortgages to those with bad credit. The easiest way is to try to qualify for an FHA loan through the government.