Even if you have had financial problems in the past or if you are self employed it is always worth contacting a mortgage broker who specialises in non status mortgages and re-mortgages.



An independent mortgage broker has access to mainstream and specialist lenders and can source competitive deals for people who find it hard to prove their income, have a poor credit history such as payment arrears, CCJ’s, defaults or bankruptcy. These are people who may have been turned down for a re-mortgage elsewhere.



There are a substantial number of individuals who don’t conform to the usual profile of ‘Mr & Mrs Average’ required by the majority of high street lenders. Reports show that the number of borrowers who this covers is about one in four. The main reason people fall under what is known as the ‘sub prime’ umbrella is because they have had previous credit difficulties, for whatever reason, and consequently have a bad credit rating.



Redundancy and divorce are becoming some of the main reasons why people find themselves experiencing financial difficulties, through no fault of their own. With consumer credit and borrowing becoming a growing culture there are occasions when people take on too much debt and find themselves struggling to keep up repayments.



There are also people who as classed as none standard borrowers because they have no credit history at all, people who have moved properties a number of times in a short space of time or individuals who do not appear on the electoral roll for whatever reason. They can also struggle to find a lender for a standard mortgage or re-mortgage.



There are lenders who specialise in bad credit lending, they offer an opportunity to individuals with a poor credit record to get a mortgage or re-mortgage and consequently improve their future credit rating. There are various products to cover all cases from people with minor financial ‘blips’ to those with heavy adverse credit.



Heron are a Adverse Credit Mortgage Lender Heron can even help with a Problem With Mortgage Arrears and they have many years experince at offering these services



These specialist lenders have access to bad credit and self certification mortgage deals, many of which are not available on the high street. They are specifically aimed at people with a bad credit rating who may have been refused elsewhere.



Every case is assessed individually so that even is a person has an adverse credit history, poor credit rating, low credit score or are self employed they will receive advice on the best possible mortgage or re-mortgage deals available. All brokers are regulated by the Financial Services Authority and therefore have to offer the best possible advice to every individual.