Subscribe to our Feed
Bad Credit Remortgage
If you're looking to remortgage but have experienced credit problems things can seem a little confusing, we can help with your bad credit remortgage - let us simplify things for you.
We can help secure your bad credit remortgage.
- Bad credit remortgage specialist
- Excellent service standards
- We complete the remortgage paperwork for you
- Thousands of products searched to get you the best deal
- An experienced, dedicated advisor who will look after you personally
Getting the best remortgage deal, best mortgage rate or best bad credit remortgage product can simply be a case of broker experience and knowledge within the bad credit remortgage market.
Whatever your circumstances, if you need bad credit remortgage, a remortgage with bad debts or an adverse re-mortgage, we could help - many of our clients have re mortgaged out of debt management, improved their credit by consolidating existing debts and reduced their monthly payments, we have also helped to stopped a number of repossession orders and helped put people back in the driving seat.
Can I apply for an adverse remortgage myself?
Most adverse credit remortgage and bad credit remortgage lenders do not deal directly with the public, they tend to only deal with mortgage professionals. This is due in part to the complexity of the adverse credit mortgage market and also to help lenders reduce costs by not having to employ mortgage advisors and sales staff of their own.
Getting the best deal for applications with bad debt can become complicated for the mortgage broker involved if they are not familiar with the market, many times getting the best deal for you will simply be down to the knowledge of the broker arranging your mortgage.
With that in mind - our independent mortgage brokers specialise in the bad debt remortgage's and the adverse remortgage market, in fact they only deal in the adverse mortgage market - this means their product knowledge and knowledge of sub prime lenders is typically much better than that of a broker who does not specialise in this field.
Adverse remortgage with poor credit history
Applying for a remortgage with bad debt may not normally as straight forward as applying for a normal mortgage without bad debt - this is mainly due to the additional requirements to consider when adverse credit is registered against the borrower. We have listed below a few things to bear in mind as you enquire about your bad credit remortgage.
What products are available through adverse re-mortgage lenders?
The mortgage products available to people with impaired credit are pretty much the same as those with no bad credit registered against them. Sub prime (or adverse) mortgage lenders have fixed rate deals, discounted rate deals, standard variable rate's and tracker rates. Our experience has suggested that fixed rate deals tend to be more popular with bad credit remortgage borrowers as it means the monthly payments will not change for a set period of time which can make budgeting much easier.
Will a remortgage with a sub prime lender save me any money?
Possibly...Your mortgage broker will be able to show you how much any new payments will cost and you will then be able to compare any deals offered to what you have at the moment - especially if you are already with a sub prime mortgage lender and have come to an end of a special rate period. However, we have noticed that in many occasions where bad credit is concerned, the borrowers main concern is not always the lowest rate.
You could be wanting to remortgage for credit repair purposes or debt consolidation purposes - in these cases people tend to put up with short term higher monthly payments for the long term gain of repairing their credit, which should mean future interest rates are more favourable as they should be able to apply to a high street lender.
...why wait, with our no obligation enquiry you have nothing to lose
