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<h2>Why UK Mortgages Are Now So Hard To Obtain</h2> <p> Because of the Credit Crunch and the sudden disappearance of sub-prime mortgages for people who need a Bad Credit Mortgage find a the mortgage you need is not an easy task.<br /><br />In the last few months radical changes in the mortgage marketplace in the UK have had a big impact on what is currently available to those looking for a new mortgage.<br /><br />Here is an up to date evaluation of what you now need to do to successfully get the mortgage or remortgage you want in the UK.<br /><br />If you know you are going to need a mortgage then make sure that you start the process well before the date on which you require the money.<br /><br />Recent recommendations suggest that you should start looking at least 3 months in advance because of the fact that the right mortgage or remortgage is now much harder to find.<br /><br />If you see some good interest rates advertised to be tempted into thinking that you can get them. Many of the these rates will only be available to those who can meet the tougher criteria recently set by the mortgage companies to capture those with really good credit. If you have any bad credit at all then the rate you get will not be as good.<br /><br />Often there may also be a hefty arrangement fee to be paid to get these mrotgages.<br /><br />Any first time buyer looking for their first mortgage are going to find that the deposits that the mortgage companies require are going to be much larger than previously and the income multiple used in the calculation of what they will lend have been severely reduced.<br /><br />Always calculate what you can really afford before you make any mortgage applications.<br /><br />If your current great mortgage deal is about to end then you really should contact a mortgage adviser for some professional help, as they will know the best deals currently available for you to apply for.<br /><br />This factor is especially relevant to individuals who have mortgages with a high loan to value ratio.<br /><br />Today there is just not the same number of mortgage deals out there, so ask a mortgage broker to shop around for you.<br /><br />If you are a landlord looking for a buy-to-let mortgage or if you need a buy to let remortgage then make sure your rental income will be enough to cover the mortgage repayment, as well as you other expenses, as many lenders have revised their criteria for buy-to-let mortgages and remortgages.<br /><br />Finally make sure that your credit rating is as good as it can be, so that you will not be rejected because of your bad credit score when you apply for a mortgage.<br /><br />There maybe incorrect facts on your credit report that should not really be there and which you can get removed.<br /><br />You can now get instant online access to each of your three credit reports at the major credit reference agencies in the UK and these are all free for a trial of 30 days.<br /><br />This is an opportunity that should not be missed as you need to fix any problems with your Free Credit Report before you make that first application for a new mortgage.<br /><br />Get a free credit report from each credit reference agency and fix the problems on each one as when you apply for a mortgage or remortgage you cannot predict which agency will be used for your credit check.<br /><br />That means you will have to get three free credit reports to do the job properly as any of the three might be wrong. <p style="margin-bottom: 0; margin-top:5pt"> <font face="Arial" style="font-size: 10pt">Article Source: <a href="http://www.ArticlesMaker.com">ArticlesMaker.com</a></font></p> <h3>About the Author</h3> Dave Joa recommends that you always check your credit reports before applying for a mortgage, loan and new credit, including <a href="http://www.freecreditreport4u.co.uk/personalfinance/creditcards/creditcards.asp" target="_blank">credit card deals</a> and the best way to do this is by getting a <a href="http://www.freecreditreport4u.co.uk" target="_blank">Free Credit Reports</a> from each credit agency in the UK.

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