The credit crunch has created a mortgage drought that is expected to worsen and more people are expected to slip into mortgage arrears in 2009.
For those with bad debts, arrears, credit problems and CCJs the outlook is bleak with one in four finding it difficult to obtain a mortgage or remortgage from a traditional high-street lender. Increasingly, mortgage deals are available only to borrowers with a 40 per cent deposit.
Experts fear that the mortgage market is freezing out young people and people who bought recently but need to remortgage.
But help is at hand from one company who believes that mortgage deals are still out there and who provides a conscientious and personal service to ensure that their clients will be able to have the house of their dreams.
J P Financial is a whole-of-market mortgage broker, providing mortgage advice on all types of mortgages and remortgages as well as refinance and secured loan products.
And because they are not tied to any lender they are able to remain fair whilst also finding the best possible deal.
The company offers thousands of mortgage products and allocates one mortgage advisor to see a client through the process of finding the best mortgage to suit their individual situation.
Their mortgage advisors use the latest computer technology to obtain the most up to date mortgage advice and mortgage rates the market has to offer.
Their web site, at www.jp-financial.co.uk, has a handy mortgage calculator to help buyers see whether their mortgage requirements are affordable. It also contains a wealth of useful information on mortgages (including self certification, buy-to-let, remortgage, right-to-buy and commercial), debt consolidation
, bridging finance, life cover and mortgage protection.
