You should think carefully before securing other debts against your home because consolidating debts could increase the total amount you pay back. Your home may be repossessed if you do not keep up repayments on your mortgage.
Getting a mortgage with bad credit may not be as difficult as you think, we’ll listen to your story and look for the most suitable solution.
At Together, we understand that sometimes in life, unexpected events happen that could knock your finances a little off track. But we don’t feel that a small blip, like a missed phone bill, should get in the way of your home ownership dreams.
If you're trying to get a mortgage but have a low credit score or no credit history, you may find your options limited. But not with Together.
We'll offer you the same LTV as someone with an A+ credit rating. And we'll let you spread your mortgage over up to 40 years – even if that means it ends after you're due to retire. It just needs to end before you turn 85.
To help you understand a typical cost for a mortgage, please see the representative example below. The figures used are for illustration purposes only, your actual costs and monthly payments will vary depending on your mortgage
A mortgage of £146,000 payable over 22 years, initially on a fixed rate for 5 years at 8.09% and then on a tracker rate of 1.8% above the Together Homeowner Managed Rate (THMR) currently 9.25% (variable), for the remaining 17 years, would require 60 instalments of £1,204.57 followed by 204 monthly payments of £1,451.18 plus a redemption administration fee of £100.00. Read more information on THMR.
The total amount payable would be £368,414.92 made up of the loan amount (£146,000) plus fees (arrangement fees (£1,495), broker fees (£862) and redemption admin fee (£100), plus interest (£220,057.92)
The overall cost for comparison is 10.2% APRC representative.
The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.
Do you want to understand the potential cost of your mortgage or loan?
We can give you an idea of the monthly costs with just a few details like the property value, your deposit amount and how long you need the loan to last.
Submit enquiryYes, if you're trying to get a mortgage but have a low credit score or no credit history, you may find your options limited. But not with Together, we’ll listen to your story and look for the most suitable solution.
We understand that life can throw up unexpected challenges. That’s why when considering mortgage applications at Together, we will accept up to 3 payday loans that have been settled in the last 12 months.
