Prestige offer a high loan to value compared with other lenders. They have a history of being sympethetic to people with some fairly serious bad credit issues. Loans start at £10,000 and go up to £100,000, but if you use Ravenwood custom arrangements can be made. You need to be a permanant UK resident and over 21 years old, and have a mortgage on your home currently. Some loans are reffered to as Platinum and Large Secured Loan. Loan terms are between 2 and 25 years.
Its very regular to find people looking for remortgage for poor credit, bad credit remortgage loans guaranteed approval or bad credit home loans however lenders like Paragon NonPortfolio are keen to see evidence of monthly income in the form of bank statements, accounts or pension statements.
It’s sometimes a lower overall cost to get a 2nd charge secured loan than a refinance.
It’s often found to encounter individuals looking for mortgage lenders low credit score, adverse credit mortgages or get a mortgage bad credit however secured loan lenders like Platform Mainstream are keen to see paperwork to show affordability in the form of bank statements, state benefit letters or investment statements.
It is common to discover people looking for percentages for loan to value of 60%, 75% or even as much as 95% however its hard to get 90%.
It is often found to find individuals looking for bad debt remortgage, remortgage broker bad credit or adverse credit remortgages uk however lenders like Bath Inv and Building Society are keen to see paperwork to show income in the form of accounts, state benefit letters or dwp letter.
The lender will want to know if the property is a Freehold house or a Leasehold flat and if the occupier is a Owner Occupier Primary Residence.