Why Choose 1st UK Money?
At 1st UK, we can often help where others fail. We have an experienced team who work with a wide range of Specialist Lenders to provide you with honest advice and support.
It’s Good To Be In Safe Hands.
Raising funds can be tricky at the best of times, but if you have an unsatisfactory credit history, it could be all the more challenging to secure the financing you require to fund purchasing a new property.
No matter if you are simply a first-time purchaser with a less-than-ideal credit score, would like to remortgage your home to free up some of its market value, or else you are only looking for a mortgage that can help you to take the next step on the cheap property ladder, we can help.
Specialists In Our Field
Our company specialises in mortgages for buyers with impaired credit and can help you acquire the mortgage or remortgage that you want, whatever your credit ranking. We also specialise in assisting self-employed people to find the right mortgage for their specific needs.
With many years of experience within the UK mortgage sector, our company has the knowledge required to assist you in obtaining the ideal mortgage for your particular needs.
With your dependable personal advisers working on your behalf to compare the ideal mortgages which are available, we can certainly take the hassle away from getting a bad credit remortgage and also secure you a great deal.
Exclusive Mortgage and Remortgage Deals
We locate our mortgages directly from Specialist Lenders to guarantee that you receive the very best rate of interest and can provide a variety of exclusive deals that you will not find anywhere else, either online or even on the high street.
We take care of it all in-house to offer you the confidence that your mortgage or remortgage arrangements are being managed by only one seasoned company and have a fully trained group of specialists who you can rely on to guide you on the right course whenever you are considering a bad credit mortgage.
How to Get Real Value from an Adverse Credit Mortgage Broker
It’s widely advised that you seek professional advice when shopping for mortgage products. You can’t go far wrong with a good mortgage broker in your corner. But first, you need to know that they’re good and just how good they are.
A 3-point checklist to assess who looks out for your best interests:
Ask any broker if they can access every UK lender
If you get a flat-out no – the broker is either tied into one lender or a select pool of lenders. It’s the cheapest way for them to work because they’ve fewer mortgage products to assess, but your choice is severely narrowed for you.
The next reply you might not want is that they only assess all the mortgage products available to brokers. Many mortgage products are sold directly to the consumer.
Think about how Direct Line work. They aren’t on comparison sites, so you must deal with them directly. If your broker is only working with a small panel of lenders, then there’s a chance that they’re really assessing only the products that will pay them a commission.
The broker who does the legwork is the one who answers you with a resounding yes. We check every UK lender to find what’s best for you.
That’s not just using a few comparison sites and broker databases. That’s doing the legwork to assess the mortgage products that lenders make available directly without making offers to brokers.
More work is involved for the broker who takes this approach, and there’s no guarantee they can secure the mortgage for you. As such, many will have a service fee to cover their work to assess every UK lender’s mortgage products.
Do they charge Up Front Fees?
Many brokers will charge you an upfront, non -non-refundable fee to search for a product for you. At 1st UK Money, you can make a free, no-obligation enquiry with us, and we will search our panel of Specialist Lenders to source a product to match your requirements.
If you go ahead, you will pay a broker fee, the details of which will be laid out so you can make an informed decision.