Mosaic Mortgages is authorised & regulated by the Financial Services Authority to provide regulated advice and arrange the mortgage most suitable for your specific circumstances. We are specialists in assisting those with a bad credit history and we provide totally independent impartial bad credit mortgage advice from all schemes currently available in the bad credit mortgage market.
This means that we will use the whole of the bad credit mortgage market and are not tied to any one bad credit mortgage lender or limited panel of lenders – This ensures that we offer you the best bad credit mortgage that is currently available.
Whatever your circumstances – whether you have a bad credit history due to a CCJ or CCJs, mortgage arrears, rent arrears, missed or late unsecured loan and credit card payments or a default / defaults, we will offer advice and make a recommendation specific to your particular bad credit requirements.
How can we help?
We have access to many exclusive bad credit mortgages that would not be available even if you were able to apply directly to the bad credit mortgage lender (In fact, many of these specialist bad credit mortgage lenders will only accept applications from Mortgage brokers).
We pride ourselves on the exceptional service that you will receive and will take your bad credit mortgage from initial enquiry through to obtaining a decision in principle (if available), followed by submission of your bad credit mortgage application and then finally to successful completion of the mortgage.
We only charge a one off broker fee on successful completion of any bad credit mortgage arranged and this fee is only £594. Any future bad credit remortgage advice given following completion is provided free of charge and our aim is to repair your bad credit history and remortgage you to a high street lender as soon as possible.
Bad credit history?
Don’t worry Mosaic Mortgages can help with the following circumstances:
|PROBLEM||HIGHLIGHTS OF THE LENDING CRITERIA AVAILABLE|
|Missed / late payments on unsecured credit in last 12 months
(first time buyer & homeowner)
|Default within last 2 years (first time buyer & homeowner)||
Expect higher rates but minimum deposit 15%, minimum age 21, minimum property value £75,000 (£150,000 London), minimum sole income £15,000, and affordability based lending. Employed: Min 3 months in current job with 12 months continuous employment. Self employed: 1 years accounts
|Defaults registered over 2 years ago (first time buyer & homeowner)||
|CCJ’s within last 2 years (first time buyer & homeowner)||
Expect higher rates but minimum deposit 15%, minimum age 21, minimum property value £75,000 (£150,000 London), minimum sole income £15,000, and affordability based lending. Employed: Min 3 months in current job with 12 months continuous employment. Self employed: 1 years accounts:
Higher adverse schemes available with at least 40% deposit (Max £1,500 in last 2 years but 0 in last 6 months. 50% deposit allows a maximum of £6,000 in the last 2 years as long as 0 in the last 6 months.
|CCJ’s registered over 2 years ago (first time buyer & homeowner)||
|Mortgage Arrears within the last 12 months||
Looking for more information on Bad Credit Mortgages or to check your specific circumstances against the variety of bad credit mortgage schemes on offer?
Check your credit history
We recommend obtaining a copy of your credit file though one of the three credit reference agencies, Experian, Equifax or Callcredit and we can review your file with you to explain exactly what the various entries mean. All of these companies are currently offering a free 30 day trial so if you are thinking of applying for a mortgage then we recommend taking advantage of this service so that you can see exactly what a lender will see when you apply for a mortgage and they credit search you.
We will provide you with advice of how to improve your credit rating so that we can get you a High Street mortgage as soon as possible.
* Please note that monthly fees apply to the consumer following the 30 day Free Trial of these products if the user does not cancel within the trial period. The monthly fees are £7.95 for the Equifax Credit Report & Score. A user can cancel their subscription with Equifax at any time.