And that means you’ve got a huge bad black colored mark on your own personal credit record and you also want a mortgage? Don’t stress, all just isn’t lost.

Banking institutions prefer to lend to individuals who they believe have the income that is disposable the might to cover them straight back. When your credit history is bad and there are some sneaky black colored markings about it they might think that you’re not this type of good bet.

Banking institutions need to be responsible

What’s more, our banks will also be governed by way of a small bit of legislation called the Responsible Lending Code. Continue reading →