Builders feeling the effects of the credit crunch

Tuesday, November 6, 2007

Builders are starting to feel the effects of the credit crunch in the form of a drop in sales.

Sales have fallen sharply in the last six weeks and are causing builders to miss their forecasts.

The problems in the US are affecting the confidence of consumers in the UK.

This coupled with the fact that the availability of credit in the form of mortgages is drying up. Lenders are becoming increasingly choosy about who they lend to. If you have minor adverse credit you may find you are rejected for a mortgage with more traditional lenders.

If you have been rejected on the high street it may be worth while getting in touch with Solution Mortgages. We have access to a range of specialist lenders who will consider people for a bad credit remortgage. We can help you even if you have current mortgage arrears, ccj's or have been made bankrupt.

If you need to raise finance you can call 0845 123 1260 or apply on-line at www.solution-mortgages.co.uk