New range of bad credit mortgages launched by MBS.

If you are looking for bad credit mortgages, MBS Lending has recently launched a new range of deals.

Applying for adverse credit mortgages with missed mortgage payments, CCJ's or loan defaults can be a complex process and skilled brokers at Deal Direct can help.

A standard mortgage is generally provided by a high street lender based on factors such as age, employment status, income, existing financial commitments and the ability to repay the debt. Often those with adverse credit do not fit neatly into lenders standard mortgage criteria and are consequently refused a deal.

For those with adverse credit, specialist mortgage lenders are an advisable option as they offer tailor made products. Lending criteria differs from lender to lender but specialist deals are available to make life easy when applying for bad credit mortgages.

For those needing a specialist mortgage deal MBS Lending have come up with a range of new products.

The lender is offering a 2 year discount product at 4.99 per cent for 60 per cent LTV with £250 cashback on completion. Conditions for being accepted for the deal are a maximum of 1 missed mortgage payment during the last 24 months. However applications will not be accepted if you have missed payments in the last 3 months. The maximum CCJ level accepted is £500 which must not be in the last 6 months.

Various bad credit mortgages are on offer in the new product range so contact Deal Direct today for a competitive mortgage quote today.