What is bad credit for a mortgage in Coventry?

Managing finances can be difficult, and late payments can damage your credit score, potentially leading to a poor credit rating in Coventry. The extent of the score reduction depends on the number and type of missed payments.

Can I remove a CCJ from my credit file in Coventry?

If you receive a CCJ, you must pay it off within a certain time frame to remove it from your credit report. If you settle the outstanding balance within 30 days, the court can remove the CCJ from your credit file using the registry. However, if you fail to pay the amount due, the CCJ will remain on your credit report for six years.

When should debt consolidation in Coventry be considered?

Many homeowners in Coventry choose to remortgage their homes to release equity. There are numerous reasons why you might need to raise capital, such as financing home improvements or helping a family member climb the property ladder. If you are struggling financially and every other avenue has been exhausted, then you might need to look at debt consolidation in Coventry. Although a risky decision and not something to take lightly, remortgaging to release equity for debt consolidation purposes in Coventry can be a way to combine your monthly expenses into another affordable monthly outgoing. Providing clear and transparent mortgage advice in Coventry, we will review your circumstances and help you determine if debt consolidation in Coventry is the most suitable option for you. You should think carefully before securing other debts against your home. By adding your unsecured debt to your mortgage, which is secured on your home, you may endanger your home if you can’t make the necessary repayments. Although the total monthly cost of servicing your debt may have been reduced, the total repayment cost may still have increased because the duration of your mortgage is longer than it may have taken to repay the original debts.

What are some complex mortgage situations in Coventry?

We regularly come across customers who perhaps have been rejected by their own or another high street bank, oftentimes at the very last minute. This has been known to happen when the customer is already well into their mortgage process, being dropped by the lender with no given reason. In situations akin to these, the high street mortgage advisors really should have had to ability to prevent the case in question from progressing too far at the outset, by undertaking preliminary checks, to ensure that you are on a mortgage deal that you qualify for. Because of the oversights that the banks have, we find that our customers can even end up being out of pocket, in a great amount of stress and understandable frustration at the situation. Without knowing ahead of time that you are absolutely going to match up with a mortgage lenders specific criteria, you could actually be harming your ability to obtain a mortgage altogether, especially if you do end up being declined. There need not be any reason to worry though, as we here at Coventrymoneyman have a profusion of complex mortgage experience, helping many a customer who have walked in similar shoes to you and yours. Book your free initial mortgage appointment today and speak with a trusted mortgage advisor in Coventry, who will take a look at your case and see how we are able to be of assistance.

Specialist Mortgage Advice in Coventry

Solutions for complicated mortgage situations in Coventry

Though it would be nice if we could all have the same experience, getting a mortgage can be quite difficult from time to time and often needs a little thinking outside of the proverbial box.

As an experienced and long-standing mortgage advisor in Coventry , there are many different complex situations we have come across, leaving us scarcely surprised when a customer gets in touch with something considered to be an “out of the ordinary” case.

Worry not, as it is very likely we have seen something similar before, using our knowledge of a prior encounter to further your chances of mortgage success.

Looking for specialist mortgage advice in Coventry?

Here at Coventrymoneyman, we have an extensive mortgage lender panel, with many of these lenders offering specialist mortgage deals for customers in particularly niche circumstances. These customers are often finding it rather difficult to obtain a mortgage, as they likely are unable to meet the standard mortgage criteria necessary to apply for a specific product.

Utilising the skillsets of a specialist mortgage broker in Coventry to work alongside you during your property buying or remortgage journey, especially if you are finding yourself in need of a bridge over troubled water, can be incredibly beneficial to you and your situation.

As an open and honest mortgage broker in Coventry, it is the job of our team to ensure that you hold the line and make it through your mortgage process, happy, free from stress and with a favourable outcome on your property goals, be it your home or somewhere you’re looking to let out.

Do you require a specialist mortgage advisor in Coventry?

Here at Coventrymoneyman, we have expert mortgage advisors in Coventry, who have access to a large panel of specialist deals, each lender has its own unique mortgage lending criteria for customers, and we may be able to find you the most suitable deal.

Our team of mortgage advisors in Coventry can use their knowledge and expertise to recommend to our customers the most appropriate mortgage deal for their personal and financial situation.

If you’re worried about your credit score, you should get an up-to-date copy of your credit report. When it comes to your free initial mortgage appointment, you’ll benefit from this, where we can better understand your situation and see if we can help you achieve your mortgage goals.

Speak to a Specialist

Important information

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.

Common FAQs for Specialist Mortgages in Coventry

Our Customers Love Us

4.98 Rating42 Reviews

Catherine

I loved that they were straight forward and down to earth. When money matter feel overwhelming, they came with a calm prospective. The advisors have always been relaxed and helpful, and always professional.

1 month ago

Christine

Amazing people ro work with very happy with the service

4 months ago

Mr.

The process was trouble free. I was happy with both the service and the product. I would recommend the company.

7 months ago

Leona

very good service and information provided was clear especially for someone like me who needed guidance as a first ime buyer thank you

7 months ago

Excellent service and guidance all the way through the process. Leo and Lizzi were very helpful in finding me the right product.

1 year ago

Diane

Very professional and kept me informed throughout the process of securing our equity release. I would recommend them especially for those who are a little unsure of how equity release works and if it's right for them

1 year ago

Diane

Very helpful, easy to get hold of when needed! Able to answer all my questions

1 year ago

Ajay

Made the process easy and understandable, presented all possible options and advised on what would be best suited for us. Always available to answer any queries or resolve any issues that arise. Would definitely use again in the future.

1 year ago

Luke

Incredibly quick, concise and professional. Regularly kept in he loop and gained all the knowledge required to be able to buy a property. Couldn't of asked for anything more and I can't thank them enough for all the help received.

1 year ago

Carol

Friendly efficient service, took their time to explain the procedure etc, I would definitely recommend them.

2 years ago

Joshua

Leo is always a pleasure to talk to. Very friendly and knowledgeable, and allows us to ask questions, no matter if we’ve asked before orbits really obvious

2 years ago

Gurjeet

Really helpful and clear.

3 years ago

Gemma

From first discussions with Tom to being passed over to Lyndsey, the whole process was easy and seamless. Everyone I have dealt with at Moneyman have been really helpful and friendly, which has helped take the stress out of applying for a...

3 years ago

Matthew

Jenny has been extremely helpful throughout the process and resolved any issues quickly. Thanks!

3 years ago

Susan

Very good service over the moon Wayne and Megan no there stuff

3 years ago

Dean

4 weeks and got my offer very good service from Wayne and Megan can not fault them

3 years ago

Anonymous

Great service

3 years ago

karan

Fantastic service. From start to finish I had everything clearly explained and the broker always had my best interest in mind. I highly recommend for first time buyers!

4 years ago

Anonymous

The service provided is personal and efficient. The team are willing to help and will try hard to meet tough timings to support an application. Would recommend

4 years ago

Thomas

Brilliant! Really helpful, did everything for us, explained the process clearly and made it all so easy! We wouldn't have gotten a mortgage without them!

4 years ago

Our Simple Mortgage Process

Free Initial Mortgage Appointment

Discuss the challenges you are currently faced with and what you are looking to achieve with a trusted mortgage advisor in Coventry.

During your free initial mortgage appointment with a mortgage advisor in Coventry, you will need to provide information about your income and expenses to determine your affordability.

We Can Search 1000s of Mortgage Deals

Although certain circumstances may limit your options, we will search through 1000 deals to find the most suitable solution for you.

Our next step is to obtain an agreement in principle, which can be used to support any purchase offers you make.

Submit Your Mortgage Application

Once you accept a purchase offer, your mortgage advisor in Coventry will proceed to submit your full mortgage application and relevant evidence documents.

Throughout the process, your dedicated case manager will keep you informed until you receive your mortgage offer and complete your purchase.

Protecting You and Your Mortgage

Our service goes beyond merely obtaining the most suitable deal. We will also advise you on relevant insurance policies to safeguard you and your family financially.

We will contact you again when your mortgage is due for renewal to ensure that you are still on the most favorable deals.

Reasons to Choose us

Free Initial Mortgage Appointment

If you happen to be concerned about your credit score at all, we would highly suggest that you look to obtain for yourself an up-to-date credit report.

This will be incredibly useful when it comes to your free initial mortgage appointment, as your personal credit report gives us a much better overview of you as a person, what you are looking to achieve and what might be the best route to take when looking to find you the most suitable mortgage deal.

1000s of Deals

Here at Coventrymoneyman we are able to choose from a wide variety of specialist mortgage lenders on panel, each who have their own strict mortgage lending criteria that we are able to match our customers against.

Our expert team of mortgage advisors in Coventry are able to use their knowledge and experience that they have been able to gather over their multitude of years within the world of mortgages, in order to recommend a customer the absolute best available deal for their situation, that they qualify for.

Our Service

We always work hard for our customers, making sure they’re put first and with their best interests at heart. We aim to keep all of our customers well informed and looked after throughout their process, providing them with the best service we can possibly provide and answering any questions they have.

7 Days a Week

As a company that truly prides itself on being able to provide everyone who gets in touch with fast, friendly, clear & simple mortgage advice in Coventry, we will be there throughout your entire mortgage journey. Book your free initial mortgage appointment and we will see how we are able to help you.

Malcolm and Amy Davidson - Mortgage Advice in Newcastle

We Search 1000s of Specialist Mortgage Deals in Coventry

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Coventrymoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.

UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.

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