Specialist/Credit Impaired Home Loans
What is a Specialist/Credit Impaired Home Loan
Specialist and credit impaired lending is an option for those clients who don’t meet the traditional banks or mortgage insurers lending criteria. This can be for many different reasons and vary greatly from being in business for short time, to being credit impaired in the past or current.
Specialist lending allows people to get in the property market who would usually have to wait a long period of time otherwise.
Advantages of a Specialist/Credit Impaired Home Loan
The loan is usually approved if the borrower meets the following criteria: