You Deserve a Second Chance
When a bank says no, it doesn’t mean your dreams are over. At Lending Array, we believe in second chances. Whether it’s a denied loan or a challenging financial situation, we’re here to help you get back on track. Our flexible refinancing options and personalised approach offer the opportunity for a fresh start. Don’t let one “no” hold you back – with Lending Array, you deserve a chance to build a better financial future. Let us help turn your “no” into a powerful “yes.”
Yes, We Get These Loans Approved on a Regular Basis!
At Lending Array, we regularly assist clients in securing home loans with credit impairments. These specialised lenders focus on providing home loans to individuals with past credit issues, but it’s important to note that they typically charge higher interest rates than mainstream lenders. The exact rate will depend on your specific credit situation and the lender available to you.
However, the higher rates aren’t permanent—many lenders reduce them over time as you build a strong repayment history. Additionally, once your credit improves, we often help refinance your loan with a mainstream lender to secure a better deal. These lenders can provide up to 90% of the property’s value, although the exact percentage may vary depending on factors like property location and the extent of credit impairment. Rest assured, you’ll still need a deposit for purchases or equity for refinancing, but we’re here to guide you through the process and make homeownership possible!