Opening hours:
Mon - Sat 8.30am - 7.30pm
Evening and home appointments available
Typically, First-Time Buyers will have a small deposit to put towards their first mortgage. The smallest deposit you can usually use to get a mortgage in the current market is 5%.
You have completed! Pick up the keys and enjoy your new home!!
Sky high house prices, slow wage growth, student loans and rising rent costs mean that getting on the property ladder is challenging. But the desire to own a home remains strong for many young adults. Now, the affectionately known ‘bank of mum and dad’ (or bank of other family members) may wish to lend or give money for deposits and other house purchase costs. Our expert Mortgage Advisers will be able to discuss all options available to suit your specific family’s situation. Below are just a few options to consider. Before making any decisions about any deposit gifting, we will discuss all the options available to you, based on your affordability and borrowing profile, so you understand from the outset your deposit requirements.
There are a number of options that we can help you understand more about including
Please click here to view or download our guide to find out more about all your options
A poor credit rating can be a major barrier to getting a mortgage, but the good news is, there are lenders who are prepared to help those whose applications may be refused elsewhere. It might not seem fair but even having a big deposit in place and a decent salary isn’t enough to guarantee you a mortgage, if you have a poor credit history.
Banks and building societies are cautious about who they lend to, so they always check credit reports carefully to see if potential mortgage customers have defaulted on any debt payments in the past. They will also look for any County Court Judgments (CCJs) against you, or if you have ever filed for bankruptcy. In any of these scenarios apply, the chances are you won’t be eligible for some mortgage deals that are on offer – even if your financial problems occurred in the past few years.
There are some mortgages however, which are specifically designed for those whose credit history is far from perfect. Our team of expert Advisers will give you advice about the most appropriate mortgage and/or lender to apply to. As fully independent brokers we will look at all the options available to you.
If you think you may have a poor credit history or an adverse credit rating, you can obtain a free credit report from one of the following.
Bristol Mortgages Online
Henleaze House
13 Harbury Road
Henleaze
Bristol
BS9 4PN
Thank you for contacting us.
We will get back to you as soon as possible
Bristol Mortgages Online
Oops, there was an error sending your message.
Please try again later or call us on
0117 325 1511
All Rights Reserved | Bristol Mortgages Online