Overcoming Adverse Credit Challenges!
Facing adverse credit circumstances can be daunting, but with Manuka Money, you’re not alone. Our dedicated team specialises in crafting financial solutions tailored to individuals with adverse credit histories. We believe in second chances and are here to help you rebuild your financial standing.
Adverse Credit Explained!
Overcoming Financial Hurdles with Manuka Money!
Adverse credit refers to a situation where an individual’s credit history reflects instances of late payments, defaults, or other negative financial behaviour. This can impact their ability to access traditional loans or credit products. At Manuka Money, we recognise that life’s circumstances can sometimes lead to credit challenges. Our expert team is committed to providing tailored solutions for those with adverse credit, helping them regain financial stability and move forward confidently.
At Manuka Money, we understand that life is full of unexpected twists and turns, and financial difficulties can arise for various reasons. Adverse credit doesn’t have to be a permanent roadblock to securing financial assistance. Our specialised team is dedicated to assisting individuals with adverse credit histories by offering tailored solutions designed to help them rebuild their financial standing.
From an award-winning broker
We Rapidly Search Through Thousands of Mortgages to Uncover the Most Competitive Mortgage for Your Circumstances
Expert advice with no upfront fees.
Mortgages from £50,000 to £100 million.
Whole of market access.
Terms from 3 to 40 years.
Adverse and bad credit considered.
Mortgages with 5% deposit available.
Trusted by 100's of homeowners across the UK.
Discover the Insights That Truly Matter!
These real-life experiences offer a glimpse into the world of Manuka Money. Learn first-hand how we've transformed aspirations into reality, providing tailored mortgage solutions and unwavering support.
We were introduced to Carl through a mutual friend, who had worked with him prior to him setting up his own company Manuka mortgages. Our initial enquiry and dealings began early in 2022 as we were at the fact finding stage and needed some advice.
Some months later we got back in touch with Carl as we were ready to push the button on a house.
Carl is a delight to work with, he is friendly and approachable (unlike other brokers I have worked with in the past!) he is throughly professional and extremely efficient. We have no hesitation in recommending his services.
— Stephen B. (Homeowner)
I cannot recommend Carl enough! Absolutely fantastic from the start to the finish of us purchasing our house! We are self employed which made it slightly more difficult but nothing was too much trouble, no matter the time of day Carl was there to put our mind at rest and give us great advice. He was honest from the start about all our options and really did his best to help. We will definitely be using Carl again when we remortgage. Such a lovely yet professional man who will absolutely do his best for you!
— Courtney (Homeowner)
I wanted to get a new mortgage with a more competitive rate of interest and was advised to try Manuka Money by a friend. I am so glad I did! The process was painless and quick, with everything laid out in easy to understand terms.
My options and needs were discussed in detail and I can't fault Manuka Mortgages for a single thing. Not only were all options spelled out for me, I was given first hand accounts of experience with each company and advised on the basis of that who would be best to go for. The entire time I was speaking to the same person, I did not feel like I was being passed from pillar to post but was given a bespoke experience.
I will recommend this company to absolutely anyone who asks me for mortgage advice.
— Mr King. (Homebuyer)
Frequently Asked Questions
Can I get a loan with adverse credit?
Yes, you can still apply for a loan with adverse credit. While traditional lenders might be hesitant, Manuka Money specializes in helping individuals with adverse credit histories. We work with a network of lenders who are more flexible and open to considering your application based on your current financial situation.
Will my adverse credit affect the interest rate of my loan?
Adverse credit can impact the interest rate you're offered. Lenders may view adverse credit as higher risk, and therefore, the interest rate might be slightly higher compared to someone with a strong credit history. However, our team at Manuka Money strives to find the best possible rates within your circumstances.
Can I improve my credit with a loan for adverse credit?
Yes, taking out a loan and making consistent, on-time payments can positively impact your credit over time. Demonstrating responsible borrowing behavior can gradually improve your credit score. As you continue to manage your finances well, you may find better borrowing options become available in the future.
Representative Example for secured loans: based on borrowing £18,000 over 120 months. Interest Rate: 5.5% fixed for 60 months with instalments of £213.33. Followed by 60 months at the lenders standard variable rate of 5.7% with instalments of £214.36. Fees: Broker fee (£1,062); Lender fee (£595). Total amount payable £25,756.4 comprised of; loan amount (£18,000); interest (£6,004.4) including broker fee and lender fee. Overall cost of comparison 7.902% APRC. This means 51% or more of our clients receives this rate or better for this type of product. We have arranged borrowing with rates from 4.9% to 29% APRC which has allowed us to help customers with a range of credit profiles. We are a broker not a lender.
Secured Loans have a minimum term of 36 months to a maximum loan term of 360 months. Maximum APRC charged 29%.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.