These are sometimes called sub-prime mortgages.

There are they say 1in 4 people who have adverse or bad credit who require a mortgage or remortgage.

Not so long ago not many lenders dealt with this area and still today there are quite a few lenders that don't.

There are a number of different reasons why someone can end up with bad credit.

Falling behind with credit card payments, book clubs or catalogues or non payment or late payment of any debt will leave you with a default, a County Court Judgement, a Cifas in wrong information is submitted.

If payments are late on a mortgage then missed payments do not look good, if you wanted a remortgage but you have payments missing then it isn't a good scenario.

In certain cases non payment can lead to a property can be repossessed.

Always let the lender or creditor know exactly what is happening and how soon you will be able to rectify you situation, as they will want to help you keep your payments as straight as possible; ignoring the situation does not make it go away.

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