Even with a registered CCJ, Default, Missed Payment, DMP, IVA Or Bankruptcy.
Poor credit ratings can be seen as a barrier when trying to get a mortgage. Link Mortgage Limited don’t see it this way and specialise in helping those with bad credit secure a mortgage whether you are looking at buying a house or remortgaging.
Poor credit ratings can be seen as a barrier when trying to get a mortgage. Link Mortgage Limited don’t see it this way and specialise in helping those with bad credit secure a mortgage whether you are looking at buying a house or remortgaging.
| Balance | Payment | Rate | |
|---|---|---|---|
| Previous Mortgage | £61,000 | £490 | 1.25% |
| Previous Secured Loan | £43,000 | £436 | 10% |
| Previous Unsecured debts | £44,320 | £657 | |
| New Mortgage | £150,000 | £1097.67 | 2.10% |
Mr H had finished an IVA but Mrs H was still in her DMP, they also had 3 other debts and wanted to consolidate all into one mortgage payment. Combining both mortgage and secured loan would overall bring the interest rate down.
We managed to find the couple a low fixed rate of 2.10% which makes a real impact to what was the combined monthly repayments of £1,583 (mortgage £490, secured loan, £436, other debts, £657), lowering them to £1,098 – meaning they are making an impressive saving of £485 a month
Every member of our team is trained in bad credit situations and know how to find the right solutions for customers – helping them get the mortgage that’ll get them back on track.
The number and quality of lenders we work with means we have access to a diverse spectrum of best-rate deals. The lenders we use means we have all areas covered – even for those in particularly niche circumstances.
As each customer’s situation is unique, we take the time to understand your situation, and we carefully assess your goals and how we’ll make sure the mortgage we get helps you to achieve them.
The relationship we have with our lenders means we have access to products and deals that simply aren’t available to customers going direct. This is true particularly for those in adverse credit situations.
Our experienced admin team are always on hand to answer your questions and keep you updated throughout. So you’ll always know what’s happening.
We’re proud of our long-standing 5 Star Rating on Trust Pilot, and love all the positive feedback we get from customers every day. We feel privileged to help people get a great deal with far less stress.
As well as over £50,000 saved in mortgage interest, Link Mortgage Limited also saved 7 years off the mortgage term
| Balance | Payment | Rate | Term | Total amount payable | Interest Payable | |
|---|---|---|---|---|---|---|
| Current Mortgage | £145,723 | £869.20 | 5.03% | 24 Years | £252,068 | £106,345 |
| New Mortgage | £167,499 | £946.94 | 1.73% | 17 years | £221,410 | £53,911 |
Mrs C had been with her existing lender for many years, keeping up with her repayments, however the lender no longer offered new products. Mrs C had just finished a 6 year IVA and wanted to raise money for much needed home improvements and get a new mortgage rate, Mrs C thought she was stuck on the lenders high standard variable rate.
Mrs C contacted Link Mortgage Limited, who were able to find a new lender with a much better fixed interest rate, reduced the mortgage term by 7 years, which will save £52,434 in interest over the term. Money was also raised to complete the home improvements.
We are a mortgage broker who specialise in sourcing mortgages including people with bad credit.
We soon realised from our customers not everyone has a perfect credit score, so we took the option to specialise in this ever-changing market and to help our customers find a competitive mortgage despite your credit history – not have it affected by the broker you speak to. It became our mission to understand this unique section of the mortgage market and our aim is to become one the UK’s leading bad credit mortgage brokers.
* Debt consolidation is a good solution for some mortgage customers – however, it’s not suitable for everyone. You should always review the total amount payable through consolidation, not just the immediate savings in terms of a reduced monthly payment.
Please be aware that any unsecured debts consolidated within the mortgage, would then be secured against your property.