What does the Overall cost for comparison mean?

Part of our compliance requirements is to provide an overall cost for comparison when discussing bad credit mortgages. 

Generally speaking this has to give potential customers an idea of what rate they will get. As a new business it is difficult for us to provide an average rate of what our customers get, so what we have done is on launch day (last week) we took every rate on every product we have on our site and averaged them out. That is the rate we have got, so whilst we do (at the time of writing) have rates of around 3%, we do also have rates of over 7%. 

Adverse Online is a fully online bad credit mortgage broker offering the convenience and speed of online mortgage application completion and processing but with the quality assurances you would expect from a mortgage broker authorised and regulated by the Financial Conduct Authority.  

Whether you want to apply for a Bad Credit First Time Buyer Mortgage , Bad Credit Home Mover Mortgage or a Bad Credit Remortgage , we have a range of adverse credit mortgage products for you and an initial decision in principle can be achieved in less than 15minutes.

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