Getting on the property ladder with bad credit history

It is very discouraging when a bank rejects a mortgage application from you due to a bad credit history.

Sometimes the banks don’t even go into details for the reasons behind the decline. If you want to get on the property ladder, but can’t seem to get a mortgage, then you may feel there is no hope to buying a property of your own.

However, there is help at hand. Specialist design mortgages encourage people with a bad credit history to apply and they are tailored for people who may have a tarnished credit file. Bad credit mortgages are available to those who have been rejected from high street bank lenders.

If you have bad credit, there are other options available besides mortgages. For example, bad credit secured loans are obtainable and there is no need to worry that your credit file might hinder your application.