Manchester, United Kingdom (PressExposure) January 27, 2012 -- Lifecover.net announces the best life cover plans.
You can purchase a dream house with bad credit mortgage even if you had adverse credit history. In United Kingdom, bad credit mortgage was launched because more people were falling under bad credit. The mortgage or remortgage might be refused because of your adverse credit score in the past. It is considered, that a loan is at the risk with bad credit holders. The loan helps you in making your own home as well as recovers your adverse credit history if you make your payments on time. A loan is only offered by certain specialized lenders and banks.
Interest rate charged in a bad credit mortgage by a lender is more than the interest incurred in other loans and rest of the features in it remains unchanged. This is because high street banks never consider the applications of bad credit holder or they just refused to offer a loan to a bad credit holder. Since, these certain specialized lenders and banks still offer a loan to a bad credit holder, the interest rate charged by them is a bit more.
You are eligible to obtain a bad credit mortgage if you are a citizen of UK and are over an age of 18 years. You should have a regular monthly income to make your monthly payments regularly.
If you are a bad credit holder are refused by high street banks to offer a loan, we can offer a bad credit mortgage to you. We are among the legitimate lender and offers bad credit mortgage. Interest rate charged by us on a loan is comparatively lower than others. You can call us and talk to our customer care for more information.
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