A careful review when your case needs more explanation
A previous credit problem or an unusual income arrangement can make a mortgage application more complicated. It does not tell the whole story, and different lenders assess different circumstances.
TLA Finance will take time to understand what happened, your present financial position and the property involved. We will explain whether there may be a suitable route now, whether more evidence is needed or whether waiting could be more appropriate.
From Amersham, TLA Finance supports clients in Buckinghamshire, London, the Home Counties and across the UK.
Your home may be repossessed if you do not keep up repayments on your mortgage. Adverse credit can restrict available products and increase costs. A mortgage cannot be guaranteed.
Understanding the circumstances behind the application
A label such as bad credit is not enough to assess a case. Lenders may distinguish between a missed payment, default, county court judgment, debt management arrangement or insolvency. Dates, amounts, settlement and the pattern of more recent payments can all matter.
We will ask for an accurate account of the circumstances and suitable evidence. The purpose is to present the facts clearly, not to hide problems or promise a particular result.
Complex cases are not all credit cases
An application may need additional work because income is variable, self-employed or taken from a company. Multiple income sources, recent changes in employment, property characteristics or a complicated ownership arrangement can also require a more tailored assessment.
We will separate the different issues and identify the evidence each one needs. A lender suitable for one part of the case may not be suitable for the rest.
Review credit information before applying
Check that your credit files reflect your correct identity, address history, accounts and payment record. Raise genuine errors with the relevant organisation and keep evidence of corrections or settlements.
Avoid making a series of applications without understanding why earlier ones failed. Multiple hard credit searches in a short period can affect subsequent assessments. We will explain the proposed application route and the checks involved before progressing.
What can affect the available options?
The deposit or equity, affordability, income evidence, age and term, property and recent credit conduct may all affect the outcome. Some cases may be considered only on more expensive terms; others may not have a suitable option at present.
A larger deposit does not override every credit or affordability issue. Any proposal must remain sustainable for you, including lender and adviser fees, early repayment charges and the cost of borrowing over the intended period.
Our approach to a difficult mortgage case
1. Listen and establish the objective
We discuss whether you are buying, refinancing or considering additional borrowing, and identify the deadlines and practical constraints.
2. Review the evidence
We look at income, expenditure, credit information and the property so that the assessment is based on the actual case.
3. Explain realistic routes
Where an option appears appropriate, we explain the conditions, costs and limitations. Sometimes the sensible next step is correcting records, building a deposit or waiting.
4. Support an agreed application
With your agreement, we help prepare the application and answer lender queries. The lender retains responsibility for its decision.
If your current repayments are difficult
Further borrowing is not automatically the answer to financial pressure. Contact your lender promptly if you are struggling and consider free, independent debt advice. We can explain when a mortgage review is relevant, but cannot promise that refinancing will resolve arrears.
Do not stop making agreed payments or take expensive credit simply to try to improve a mortgage application. Any plan should consider your whole household budget and the risks of securing debts on your home.
Information for an initial discussion
You can start with a short description. We will explain how to provide credit reports and financial documents securely if a more detailed review is appropriate.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
TLA Finance does not guarantee a mortgage, a particular rate or the removal of accurate credit information. Options are subject to lender criteria, affordability, valuation and underwriting. Think carefully before securing other debts against your home.
Frequently Asked Questions
Can I get a mortgage with a default or CCJ?
It may be possible in some circumstances, but the dates, amounts, settlement, current finances and lender criteria matter. We need to review the facts before indicating any route.
Does a larger deposit guarantee approval?
No. A lender must still be satisfied with affordability, credit history, the property and the rest of its criteria.
Should I apply to several lenders at once?
Repeated applications without a clear plan can create unnecessary hard searches. First understand the eligibility requirements and any reasons for previous declines.
Can you remove negative credit entries?
We do not offer credit-repair services or promise to remove accurate records. Genuine errors should be disputed with the relevant credit reference agency or organisation.
Can you help if my income is complicated?
We can review the income sources and supporting evidence, including self-employment or company-director income. The options depend on the full circumstances.
What if applying now is not suitable?
We will explain the issues and possible next steps. It may be more appropriate to wait, correct records, reduce commitments or seek debt advice before considering a new mortgage.
Speak to TLA Finance
Get a careful review of your credit history, income and mortgage plans.
Discuss your mortgage circumstances
Provide your basic contact details and select your preferred time and method of contact. We will explain the next steps and how to supply supporting documents securely.
Please do not include bank-account numbers, identity documents, credit reports or confidential business records in this general enquiry form.
