Poor Credit History
If you answer "yes" to any of the following questions, you may wish to consider a Non-Conforming loan.
- Do you have a poor credit history?
- Have you been previously bankrupt?
- Are you self employed and have been trading for a limited amount of time?
- Are you self employed, have difficulty in proving your income and have a minimal deposit?
Non Conforming Lenders (NCL) specialise in dealing with borrowers of this type. Generally, NCL's have higher interest rates depending on your situation but with a good repayment pattern these interest rates can step down over a number of years.
