home mortgages about us   mortgages remortgage remortgage first time buyer mortgage first time buyer buy to let mortgages buy-to-let bad credit problems credit problems
bad credit adverse mortgages mortgage problems Bad credit mortgages
Home Credit problems Credit problem case studies

Credit problem case studies

Here are some examples of how alexander hall have helped other non-conforming borrowers.

Light Adverse

A couple, who were both first-time buyers with a 5% deposit, needed 4.2 times their joint income. One of them had a default of £1,013 registered in December 2002 and had missed a couple of credit card payments in the last year. The couple were rejected by Abbey, C&G and Standard Life. They required 95% of £170,000, however, alexander hall arranged this through First National.

Medium Adverse

A client required a 90% remortgage as they had a CCJ of £1,500 which was unsatisfied, they had one missed mortgage payment and numerous missed payments on their unsecured credit. At the time they were with Abbey who declined their application for a remortgage. alexander hall put together a loan of £144,000 against a property of £160,000 with GMAC.

Heavy Adverse

A client needed to remortgage for £127,000 in order to pay off £47,000 in CCJs registered in 2004 and £30,000 in defaults registered within the last three years. In addition, they required £50,000 for an extension and home improvements. alexander hall managed to secure them a mortgage with Kensington.

alexander hall associates limited is authorised and regulated by the Financial Services Authority for pure protection, residential mortgages and general insurance business. We do not charge a fee for residential mortgage advice; however there is an administration fee for processing each of your standard residential mortgage contracts. The typical administration fee is £499. For impaired credit lending the typical fee is 1% of the mortgage loan. For Buy to Let and Commercial Mortgages a fee of 0.5% of the mortgage loan size applies of which £500 is payable on application with the balance payable on completion.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.