WHAT IS A “SPECIALIST” OR “BAD CREDIT” MORTGAGE?
Specialist lending is a segment of the mortgage market dedicated to providing alternative home loan solutions to borrowers who are unable to meet the traditional lending criteria set by banks and non-bank lenders alike.
A bad credit loan is the kind of loan you may need if you require credit and your credit history is less than perfect. But it’s nothing to be embarrassed about. Specialist lenders deal every day with people who have had hiccups in the past with their finances. That’s why specialist loans are available in the mortgage industry. It’s a way to access funds and helps customers rectify their current situation and, at the same time demonstrate to future lenders that you’re now able to manage your personal finances appropriately.
At Debt-Negotiation we have extensive relationships with market leading specialist lenders, these companies are publicly listed on the ASX and are renowned in the industry for delivering financial solutions to customers who are unable to obtain a traditional mortgage from a bank or non-bank lender.