|
The terms of the bad credit mortgage will tend to vary between lenders,
you should check to see if there are any penalties for early repayment,
and be sure to check that the interest rate on the mortgage is the standard
rate, and not just a special introductory rate that will rise after a
short period of time.
Bad Credit Mortgages:
You should also look at the amount of deposit required for the bad credit
mortgage, as you will need to be prepared and able to provide this amount
in order to secure the mortgage. Some lenders will require a larger deposit
than others, and the amount will sometimes depend on your circumstances.
|