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Mortgage and loans for people with bad credit rating?

Are there any mortgage lenders who will lend mortgage and loan to cover mortgage deposit? I am not a first time buyer and last year I had to go into debt manage.

Asked on Mar 14 2010, Home Finance in Great Yarmouth | Report content

Answers (1)

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  • In the current economic climate you need a deposit in order to buy, and the larger the deposit the better the interest rate offered. You may qualify for one of the Government assisted schemes which they sporadically do to assist people lending deposits, but your credit rating may affect the bank or building societies decision to lend as they are being particularly cautious at the moment,

    Answered on Mar 16 2010, Report content

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