Advantages of bad credit mortgages invest in your own property as opposed to renting; mortgage repayment are likely to be equal or slightly higher than monthly rent, you can use this equity later in life to move up the property ladder.Bad credit mortgages can be a temporary solution; after about 3 year, provided you've kept up all your payments and your credit rating has improved, it will be possible to remortgage to a standard mortgage and benefit from a lower interest rate.
http://www.breadmarket.co.uk/property/bad-credit-history-mortgage.php
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