Contact Us

IT WOULD BE GREAT TO MEET.

WHO WE ARE?

OUR ADRESS:
71-75 Shelton Street Covent Garden London WC2H 9JQ

OUR PHONES:
0208 191 0007

E-MAIL ADRESS:
enquiries@azembel.com

WORKING HOURS:
Monday-Friday: 9:00 – 20:00
Saturday: 10:00 – 17:00

FREQUENTLY ASKED MORTGAGE QUESTIONS

WHAT IF I HAVE BAD CREDIT, CAN I GET A MORTGAGE?

Worrying over debt is clearly a source of stress amongst many of those who need to borrow. “‘can I get a mortgage if I have an overdraft?” are commonly-asked questions.What happens if your mortgage lender goes out of business?“no need to panic. There will be a process in place to protect you.

HOW DOES A MORTGAGE WORK?

A Bank or Lender loans money with interest. The amount borrowed is secured against the value of the property. The details of the loan agreement are registered against the Title – this is what is known as a mortgage.

There may be options out there and some credit issues carry less weight than others.

Some lenders are willing to lend to those with bad credit but at a higher interest rate

COULD YOU GET A MORTGAGE IF YOU HAVE AN OVERDRAFT?

Yes, but the lender will assess your ‘debt-to-income’ ratio. This is the portion of your monthly income which is used paying credit cards, bills, loans and student finance to ensure you aren’t overstretching yourself financially.

We advise is to cancel any unused credit cards before applying for a mortgage because lenders will look at the amount of credit available, not the amount you owe.

CAN YOU GET A MORTGAGE IF YOU’RE SELF-EMPLOYED?

Yes self-employed people can still successfully apply for a mortgage

azembel mortgage adviser

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