What if I have a poor credit history?
To a lender, your circumstances might not seem as bad as you might think they are and you may have more choice than you expect. Each lender will consider your application differently and they may look at a number of factors. For example, many lenders will ignore minor credit problems in the past if all other aspects of your application, such as your employment history, income and record of making mortgage or rental payments are good.
If your credit history is judged to be poor, some lenders may be willing to lend to you, but at a higher-than-normal interest rate.
Remember, you might have more choice than you think. It pays to shop around and find out who will offer you the best deal.
How much can I afford?
Why use an APR?
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How long should the mortgage last?
What if I have a poor credit history?
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