Adverse credit mortgages

Adverse mortgages are sometimes known as non conforming mortgages or sub prime mortgages. People with credit blemishes, such as county court judgments or arrears, are much more limited in their choice of mortgage particularly if the blemishes are recent. Lenders are far more wary of offering mortgages to them, and when they are available the rates charged will be very much higher. In addition, the number of adverse mortgages on the market has declined dramatically in recent years and there is far less choice of products and less appetite from lenders.