Remortgage With Bad Credit

Getting a remortgage can be an extra headache when you are already dealing with the stress of having bad credit, but there’s no need to despair – many mortgage providers will be willing to consider lending to you even if your credit score is less than perfect.

Our dedicated team of mortgage advisers can help you to target your remortgage application to remortgage providers who specialise in bad credit.

How does bad credit affect my chances of getting a remortgage?

Having a poor credit history – whether that is through outstanding debts, old county court judgements (CCJs) or simply difficult financial circumstances in the past – can make obtaining a remortgage a little more complicated than it might be for people with an excellent credit score.

3 steps to getting a remortgage with bad credit

Having a poor credit rating can make lenders wary, but there are several things that you can do to help ensure that you get the remortgage you need:

1. Check your credit rating – when you are looking for a bad credit remortgage it makes sense to know where you stand before you approach any potential mortgage providers. You can check your credit easily online and you may find that you can take some simple steps to improve your credit score from the outset.
2. Be prepared to shop around – having bad credit is likely to mean that the very lowest interest rates may not be available to you. Additionally, you may find that the loan to value (LTV) you are able to borrow is lower than might be offered to clients with excellent credit histories.
3. Get expert help and guidance – we can offer you the assistance of a dedicated team to help you find the most suitable remortgage deal for your situation – even if you don’t have a perfect credit record. Call us today on 0845 450 9661 to find out how we can help.