http://www.brightlightpoorcreditmortgages.co.uk A simple guide to Poor Credit Mortgages Fri, 29 Aug 2008 10:44:59 +0000 http://backend.userland.com/rss092 en Even though there is hope on the horizon that the poor credit mortgage market has seen the worst it will see, it does appear that many different problems are still ongoing. Although a turnaround is expected soon for poor credit mortgages, at this time, defaults are still a major problem ... http://www.brightlightpoorcreditmortgages.co.uk/poorcreditmortgage/poor-credit-mortgage-problems-go-on/ Many experts throughout the UK feel that the current poor credit mortgage crisis forced a housing correction. While some feel that it was overdue, the fact remains that many homeowners with poor credit mortgages are now in serious economic trouble. Falling home values could not have come at a worse ... http://www.brightlightpoorcreditmortgages.co.uk/poorcreditmortgage/poor-credit-mortgages-force-housing-correction/ Controversy is swirling over plans in California to assist poor credit mortgage lenders. This state has been hit particularly hard by the housing crisis and many poor credit mortgage lenders have already gone out of business after foreclosure rates skyrocketed and loans defaulted. Many are upset over this decision and ... http://www.brightlightpoorcreditmortgages.co.uk/poorcreditmortgage/california-may-bail-out-poor-credit-mortgage-lenders/ Although poor credit mortgages are now largely unavailable, it appears that more people than ever need them. The housing crisis has affected many and credit scores have fallen rapidly for many consumers. This has put them into the category of poor credit mortgage seekers, leaving them with few options when ... http://www.brightlightpoorcreditmortgages.co.uk/poorcreditmortgage/poor-credit-mortgages-now-a-reality-for-many-consumers/ Although there was hope that this summer would change things in the poor credit mortgage market, so far things look as bad as ever. More poor credit mortgages are going into default and consumers are struggling to make ends meet. Add in higher energy costs and the poor credit mortgage ... http://www.brightlightpoorcreditmortgages.co.uk/poorcreditmortgage/no-changes-expected-in-poor-credit-mortgage-markets/ As more people struggle to pay back their poor credit mortgages and credit card bills they are finding that financial ruin is just a step away. Experts blame the easy availability of these loans and poor lending practices that allowed many to get poor credit mortgages and cards that they ... http://www.brightlightpoorcreditmortgages.co.uk/poorcreditmortgage/poor-credit-mortgages-and-bad-spending-leave-many-without-hope/ As the credit crunch continues, banks are moving away from offering poor credit mortgages in droves. Although poor credit mortgage applicants account for a large segment of the population, it is getting increasingly difficult to find any bank willing to offer one. Rising interest rates are also contributing to problems ... http://www.brightlightpoorcreditmortgages.co.uk/poorcreditmortgage/decline-in-availability-for-poor-credit-mortgages/ The approval rates for poor credit mortgages continued their downward spiral this month. Banks are refusing to offer many poor credit mortgages as they look to lower their risks. In addition, those that need to get a refinance for a poor credit mortgage are seeing that this may be nearly ... http://www.brightlightpoorcreditmortgages.co.uk/poorcreditmortgage/poor-credit-mortgages-continue-to-fall/ Despite the best efforts of builders and the government, the rates for poor credit mortgages continue to rise. This has left many unable to afford their poor credit mortgage and default rates are quickly going up. The problems in the poor credit mortgage market have been confounded further by lowering ... http://www.brightlightpoorcreditmortgages.co.uk/poorcreditmortgage/poor-credit-mortgage-problems-continue/ In an effort to help consumers that need poor credit mortgages, the CML announced that they would be working with banks on restrictions. These new rules may make it easier for some to get a poor credit mortgage, but others may find themselves no better off. According to experts, those ... http://www.brightlightpoorcreditmortgages.co.uk/poorcreditmortgage/restrictions-on-poor-credit-mortgages-tightening/