Bad Credit Guide realizes that the home mortgage loan uk process
is often confusing and often difficult to understand. We are hopeful that we can eliminate some of those difficulties with the aid of this faq. If not, please don't hesitate
to send us
anand we will be happy to assist you!
Q:
How do I get a uk personal secured loan?
A: Simply fill out the lender's application from and click the apply button (in most cases).
Q: How long does
the Home mortgage loan uk application process take?
A: For 70% of our loan partners, the application takes from 2 minutes to around 10 minutes. On its
completion, you will be contacted by one of our partners lending officials. If you're approved for a bad credit UK loan, you should have notification of that approval within 48 hours.
Q: Why should I get a free Uk credit report?
A: Before a uk personal secured loan application - are you thinking about UK credit cards, UK mortgages or loans? If so, you will be credit checked. Don't let your bad credit loan UK be denied due to incorrect information, check your credit report for free. After application - have you been denied credit? Check your credit report for free. Remember... a credit report can play an important step in a customer getting a home mortgage loan uk or credit card.
Q: Can I fix my Uk home loan mortgage interest rate?
A: YES you can. Many of the loans offer a five year fixed rate period at the start of the loan term. Our UK lenders will tell you whether you can take a fixed rate on certain plans, then you choose whether it suits your needs. The choice is entirely yours.
e-mail
if you have any questions regarding your interest rates.
Q: How much
does it cost to fill out an application?
A: There is absolutely NO CHARGE
to apply for bad credit car financing with Bad Credit Guide's participating lenders!
Q:
How much can I borrow on my uk personal secured loan or my uk home mortgage loan ?
A: Most of our UK lenders offer any amount from (Uk)3,000 - 75,000. Occasionally they even process loans for greater amounts.
Q:
What will my bad credit Uk home loan cost me?
A: That depends of course on how much you wish to borrow and what period you wish to repay it over. Our UK bad credit loan uk partners will tailor your loan with you to ensure your repayments suit your budget. We at Bad Credit Guide do not encourage people to borrow more than they can comfortably afford to repay.
Q:
Will I be visited by a Uk loan rep?
A: NO. ALL of our bad credit Uk loan partners are arranged speedily through the post unless you specifically request otherwise. The process is simple enough; they have no desire to complicate it by using reps.
Q:
Do you contact my employer?
A: Our Uk home mortage lenders would never contact your employer without your consent. If you have pay slips and / or a P60, this will certainly not be necessary. If you cannot produce pay slips, they may ask your permission to obtain a brief reference from your employer, purely asking them to confirm your position, length in employment and your annual salary. They will not supply them with any details of your loan application and they will not be made aware you are applying for finance.
Q:
Can I repay the home mortgage loan uk before the stated period?
A: YES you can. With most of our UK home mortgage lenders, you will benefit from a rebate of interest. This means you will not have to pay all the interest that would have been due if the loan was to run for the full term, so ultimately the total cost of your loan will be less.
Q:
Can I get a UK home loan even if I have arrears on my mortagage?
A: YES you can. Having arrears on your mortgage does not prevent you from getting a loan. If you have arrears when your loan completes, all the arrears will be paid directly by the lender from the proceeds of your loan. So when applying, if you want to receive a certain amount of cash in your hand, you must add on the amount you need to clear your arrears.
Q:
Can I get a Uk home loan even if I have a bad credit rating?
A : YES you can. Having a bad credit rating does not prevent you from getting a loan. You may be considering clearing some or all of the credit you have (if any) to reduce your monthly credit bills with a single more affordable loan. The majority of our customers do precisely that!
Q: Can I get a UK mortage loan if I do have or have had County Court Judgements?
A: YES you can. Having CCJs does not prevent you from getting a loan. You may also wish to consider clearing some or all of your CCJs with part or all of your loan. The choice is yours. It is not a condition of our loans that you have to clear any CCJs either before or after you take the loan out.
Q: What happens if I am unable to make my monthly repayments?
A: First and foremost you should contact your lender and notify them of your situation. They would much prefer to know beforehand. If you have Repayment Protection Cover, you should assess your circumstances and check you are covered. These valuable policies usually cover accident, sickness and unemployment. Your lender will explain the terms of your cover to you, as well as doing everything possible to bring your account back on track.
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