If you have experienced financial problems in the past, this is the loan to help you re-build your bad credit rating and obtain a mortgage. Non-conforming lenders are very flexible - even if you have been bankrupt or just have a bad credit history, this type of product, sometimes known as a bad credit loan,  will make it easier for you to secure your wanted mortgage.

Advantages

• You will get a fresh start and the chance to re-build your credit rating.
• Non judgmental lending rules with flexibility.

Disadvantages

• You'll pay higher interest rates and fees.
• You will require a larger deposit than normal.