Terms and Conditions

Loans for Homeowners with adverse credit.

Your Situation

Adverse credit will reduce the options available to you when applying for a loan.
If you have arrears, late payments, CCJ’s or defaults a potential lender to whom you apply for a loan may consider them negatively.

Why is this?

Most lenders base their decisions on your current situation as well as your previous. When reviewing your details it is important to them that you are paying other credit well as this may be an indication of your payment habits. If you are not paying other credit well or have previously defaulted on any debts then they will certainly consider this as an indication of if you will repay well the finance that they may grant to you

Many lenders may use credit scoring. This is a way of processing your application through a computer-based programme that extracts information from your application and a credit register. Current and previous adverse credit may well be identified with a credit information agency putting your application outside the parameters of suitable acceptance for each individual lender.

Do I have any options?

Yes, Edwards & Associates have contacts with specialist lenders who will grant loan to homeowners with adverse credit. Specialised lenders will consider each application on a case-by-case basis using general underwriting criteria but with an element of flexibility. They will focus more on your current ability and endeavour to determine if your financial circumstances are now improving rather than getting worse.

What can I do, I need a loan now?

Apply now if you are a homeowner with previous credit problems apply now and let us find a lender that will take into consideration your personal circumstances and provide you with the loan you are looking for. To apply click on the “apply online” button below and we will contact you shortly to with a decision in principle.

To apply click here

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All loans are subject to status, written quotations are available on request. We also offer a range of plans where rates may differ from 7.3% APR variable to 29.9%APR variable according to your circumstances. However most of our clients qualify for a typical APR of 12.9% APR variable

Loans for Homeowners with adverse credit.

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.