Cheap self cert CCJs mortgages - The insider secrets
Secret 1 : Don't accept the first quote ! Weigh up the benefits of different offers using either a broker or
mortgage adviser. Use price and rate comparison sites to see what sort of interest rates are being given for
mortgage applications for people with County Court Judgements or (CCJs).
Secret 2 : See if you can improve your credit file Sometimes loan , mortgage, mail order suppliers and
telecommunication companies make mistakes on your credit file and register payments that were made on time as
being late or missed payments. Credit reference agencies like Equifax or Experian can be used to rectify this
problem. If you have the know how and some patience you can also remove CCJ records from your credit file.
Detailed ebooks to explain the process can be found at our main website.
Secret 3 : Use a self cert CCJs mortgage specialist broker or independent mortgage adviser. These specialists
have lots of experience at helping similar people to you and because of the large number of lenders they can
access, have the best chance at helping you. Unlike banks these brokers have access to many financial products.
Secret 4 : Make sure you can afford the payments ! Ensure you can afford the payments even if interest rates
rise in the future. Perhaps a fixed self cert CCJs mortgage can be arranged to help you budget.
Secret 5 : Keep a look out for early payment charges ! When you accept a mortgage you enter an agreement with
the provider, this covers how long a special interest rate will be applied for. Be careful as many lenders apply
charges if you pay off within this period or even for a length of time after. Look in the details of the small
print to check what charges may be hidden.
When applying for self cert CCJs mortgages you need to make sure you apply to the kind of lenders that will
accept you. When doing so you should be careful and only apply to the right kind of mortgage lending companies.
Normally lenders will do a credit search on you credit file using a credit reference agency such as Experian or
Equifax. Lots of searches on your credit file can decrease your credit score and thus increase the APR you are
offered from a lender. 3 to 4 searches is normally fine but any more than this can affect your credit score.
The first site to help you is this site Mortgage and County Court
Judgements it specializes in adverse credit history mortgages. A site which will assist you if remortgaging
can be found here Problem Remortgage
Damian is the owner of many finance related websites. Including mortgage, loans and debt advice. For more information visit Mortgages CCJsThis article is free for republishing
Source: http://www.articlealley.com/article_157383_19.html
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