Mortgage Defaults or Arrears

Hot Topics

What is a secured loan?: Secured loans enable homeowners to borrow capital against the value of their property. This means that you are effectively using your property to guarantee the loan. If you cannot keep up with the repayments, your home is at risk.
How long can I take the loan over?: How long you take the loan over depends on how much you need and how much you can afford to repay on a monthly basis.
Why would my Loan application be turned down?: If a lender decides that you are a bad risk for a loan, they will reject your application.
How can I improve my credit rating?: If you are having trouble getting credit, there are a number of measures you can take to safeguard your credit rating. Here we have listed some helpful hints here to keep you in credit:
I live at home with my parents, can I still apply for a loan?: If you live at home you are still eligible for a tenant loan – this is basically an unsecured loan in which you have no property to provide as security against the debt.

If you are behind on your monthly mortgage payments then there will be markers on your credit report. This may hamper your efforts to get further credit, depending on how far behind you are, and how many payments you have missed.

If you need a loan and you have mortgage defaults or arrears, it is likely you will have to pay higher interest rates than you see advertised as 'typical rate'. Those typical APR rates are aimed at people that have a good credit history.

Freedom finance can offer loan deals to people with mortgage arrears and defaults, just fill in our easy, quick quotation form and a loans adviser will contact you with a selection of the best deals available to you.