Here at Solution Mortgages Ltd we have an axtenive range of products to help clients who have a poor credit rating. We can help in a number of circumstances;- Self employed 1 years accounts most recent years figures generally used Inland revenue SA302 acceptable Remortgages Capital raising for a broad range of purposes Debt consolidation Free valuations and free legals…
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Mortgage products up 82% over the past 12 months
The number of mortgage products available to intermediaries has risen by 82% in the last year. This data comes form Mortgage Brain's monthly product analysis. In the past twelve months over 6,200 new products have been introduced. The total number of products available now stands at 13,842. Compare this to a year ago where there was only 7,618. This shows…
Trying to get a poor credit re-mortgage??
With the mortgage market still trying to pick itself off the floor, we at Solution Mortgages Ltd understand the difficulties people face when trying to raise finance. Even with a clear credit history it can be difficult. So if you have poor credit and are sick of being turned down by the high street lenders then look no further than…
Secured Loans the way forward
Unfortunately the mortgage market looks set to remain subdued for 2011. How can we help clients raise capital? The simple answer to this is secured loans. Secured loan lending continues to grow with better rates and more flexibility being the obvious attractions. Here at solution mortgages we have over 10 years experience, with a quality panel of lenders who can…
Are secured loans the short term answer?
Why is mortgage lending still so subdued? Well after reading an article yesterday it helped shed some light on it. In some cases it's not actually the lenders fault. UK mortgage lenders are hampered by uncertainty and don't want to get carried away doing something today, which will be banned further down the line. The FSA (mortgage regulator) are still…
Interest rates held at 0.5%
Earlier today the Bank of England's Monetary Policy Committee (MPC), which has nine members, met today to discuss the Bank of England base rate. The decision was to hold the rate at 0.5%. This is now unchanged for the 23rd consecutive month. At the meeting two members voted for a rate rise, and one for more quantitive easing. Last month,…
Are you hitting a brick wall when trying to raise finance with a poor credit rating?
Here at Solution Mortgages Limited we appreciate the problems caused with having a poor credit rating. It can be a very daunting task especially when every where you try you get rejected. Unfortunately we live in very difficult times where lenders are still licking there wounds in the wake of the largest financial melt down since records began. We at…
Are you finding it difficult to find an adverse credit re-mortgage?
Many people are being turned away from the high street lenders due to having some adverse credit. It most cases these may have been minor glitches with good reason. Unfortunately we live in times where trying to raise finance even with a good credit history remains difficult. Not only are we being turned away for having adverse credit but also…
New improved criteria from GE Money
GE Money have recently improved there criteria to enable them to help more people. First Time buyers Maximum loan to value increased to 80% (75% for interest only) Capital raising Increase maximum limit from £25,000 to £50,000. This is over and above any debt consolidation Unemcumbered properties No current mortgage on the property Debt utilisation Criteria No restriction on the…
Product numbers have risen again
As at 31st January 2011 the number of mortgage products available to the general public via mortgage intermediaries has risen to 9744. This is up 21% from December 2010. This again shows positive signs that things are slowly getting better. Yes we are million miles from where we want to be considering we had 77983 products available in early 2007.…