Help With Bad Credit Military Mortgages

Our expertise covers all mortgages including military mortgages, self-employed and bad credit

bad credit military mortgages

Bad Credit Military Mortgages

When serving in the forces one of the last things we consider keeping up to date with is our credit score. Missing payments on loans, credit cards, utility bills, whether due to simply not paying on time, or being posted and not closing accounts when we move, the result is the same, a bad credit rating.

This could make things a little more complicated if you are looking for a bad credit military mortgage to buy your new home.  Many lenders, including those on the high street prefer to lend to borrowers with a clear credit history, which shows their past record of paying bills and credit commitments on time and a bad credit history could mean you don’t get access to schemes you would normally.

bad credit military mortgagesThe team here at Ideal Home Loans are experienced with this scenario and as many of our team have come from a forces background, we know how these slip ups can occur. This puts us in a unique position of being able to see both sides and help you accordingly.  It all starts with a totally free consultation as well so we can discuss your situation and what you need in terms of mortgage amount, type and any other factor that you feel will affect your application.  Remember we aren’t the SIB and are here to help. The more honest a picture you provide us on your current and past situation, the more likely we can help.

One of the first things we will ask for is a copy of your credit file from Experian, Equifax, or Trans union. This provides us not only your credit score, as all score differently, but also an overview of how your credit accounts have performed over the last 6 years.

After we have gathered all the information, we need we will then look at the market and this includes the latest deals and schemes for bad credit military mortgages.  From here we will gather the best schemes for bad credit military mortgages for you and then arrange a time to go through these with yourself.

We can offer free and more importantly impartial advice so you know you are getting the best deal for your needs. We aren’t tied to any one lender or companies, so we are free to look at the entire market, which is good news as this means you get access to the latest deals and schemes for bad credit military mortgages.

Bad Credit military Mortgages

We understand completely that your lifestyle is vastly different to a standard 9 to 5 job. Wherever possible we will fit in with your forecast of events and can use phone, facetime, WhatsApp, or Skype to discuss your situation as we know when serving abroad Wi-Fi is the preferred connection to avoid costly call charges back to the UK.

Once we know your financial circumstances, we can run through what lenders are likely to lend and work out exactly how much you can afford and what your monthly repayments will be. This then helps you when it comes to looking at property within your budget, so you don’t waste time on houses which when it comes to repayments are going to put a strain on your finances. When ready we can apply to the lender for an agreement in principle, so you can go house hunting, knowing how much you must spend on your new home.

Buying a house is well known to be one of the most stressful times and things you can experience.  There are a hundred different things that can happen and most won’t have been factored into from the start. The team here are well equipped to deal with all situations and things that could happen. We take the stress away from you so you can concentrate on the more enjoyable aspects of purchasing your new home. This can only be done by people who are experienced with bad credit military mortgages, and this is where we stand out from the crowd.

Our approach to making sure you have a stress free experience includes the following.

  1. You get in touch with us.
  2. We listen to what you want.
  3. We then go research the market.
  4. We advise you on your options.
  5. We help you apply and get accepted.

 

We help you to find the most suitable mortgage solution for you and your family with totally free impartial advice from qualified and friendly advisers and experts in this industry and for bad credit military mortgages and your requirements. Simply get in touch via email, phone or even request a free call back and we will contact you to discuss your bad credit military mortgages requirements.