Ravenwood Mortgage Services are specialist mortgage brokers, who have specialists in broker-only adverse lenders. We are independent and have access to a massive range of lenders. We have a lot of direct contacts know a lot about bad credit mortgages. Many lenders we used a lot in 2005-2007 that disappeared from the mortgage market have come back in late 2013, so more accessible finance is achievable.
After 2008 interest-only mortgages were all but gone, but in 2014 they started to come back. Mortgage lending, bridging finance, and development funding has been helped by a lot of positivity in the UK property market as unemployment goes down, interest rates stay low, and confidence is strong. Bad credit mortgages are now getting terms closer to prime mortgages, and lenders have more confidence in the UK property market.
As interest rates are likely to stay historically low for a sustained period, people with cash can't hold some money. They have to invest it, or they lose. Rents in the UK continue to be powerfully combined with the demand for rental properties; the UK property market is seen around the world as a haven to hold your money.
After 2008 interest-only mortgages were all but gone, but in 2014 they started to come back. Mortgage lending, bridging finance, and development funding has been helped by a lot of positivity in the UK property market as unemployment goes down, interest rates stay low, and confidence is strong. Bad credit mortgages are now getting terms closer to prime mortgages, and lenders have more confidence in the UK property market.
As interest rates are likely to stay historically low for a sustained period, people with cash can't hold some money. They have to invest it, or they lose. Rents in the UK continue to be powerfully combined with the demand for rental properties; the UK property market is seen around the world as a haven to hold your money.
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