Ah the million dollar question!!
At the best of times, getting any mortgage can be a bit of a minefield. Add a dose of bad credit and that minefield will feel a whole lot bigger………….unless you defuse it!
One of the problems experienced by potential borrowers with poor credit is information overload caused by looking in the wrong place! Google mortgage searches tend to bring up comparison websites fronted by opera singers or meerkats………..if you know what I mean. These tend to provide rate driven mortgage best buys based on grade “A” credit score situations.
Totally pointless information and rather frustrating for any potential borrower that has bad credit on file. Trawling through table after table of mortgage products, for which one does not qualify must be soul destroying?
In addition most of the lenders that accept potential mortgage borrowers with a less than perfect credit history do not appear on such sites because their products are “broker only” as they want to control the quality of mortgage introductions.
They have access to the whole market, including the second mortgage market and if it’s out there………….they will find it!