- Lowest number of Mortgage Approvals since records began.
- In a breaking report from the Bank of England only 64,000 mortgages were approved last month.
- Tue 29th Apr 2008
- Are the Banks getting greedy?
- In a test case in the High Court today, 8 UK Banks may be deemed to have be charging their customers unfairly.
- Thu 24th Apr 2008
- Comparison websites under the hot spotlight.
- The centre for competition policy has produced a report saying independent checks need to be made of comparison websites.
- Sat 12th Apr 2008
Poor credit mortgages
- Trumpo mortgage advice is free and is provided by FSA regulated financial advisers
- Our trusted advisers will help you find the lowest poor credit mortgage rates
With more and more people in the UK obtaining easy credit there has been a huge increase in the poor credit mortgage market.
Poor credit ratings are normally triggered by a change in personal circumstances such as loss of job, divorce, and illness being some of the main causes. Bizarrely having no credit at all can also lead to a poor credit rating!
The majority of banks and building societies provide poor credit mortgages, more commonly known as sub prime, but this sector of the mortgage market doesn't necessarily mean they are at extortionate interest rates. The rate will depend on how poor your credit rating is.
Poor credit mortgages are assessed on a common sense lending approach and each persons circumstances and application are assessed individually, unlike the mainstream mortgage market which is basically "computer says YES or NO".
It is the nature of the poor credit market that these mortgages are only available through specialist brokers. At Trumpo we have the best independent poor credit mortgage brokers in the country to deal with your poor credit mortgage or re-mortgage enquiry.
