Credit Problems?

Is a poor credit history stopping you from remortgaging?

Some people in the UK may find it difficult to obtain a mortgage or remortgage due to past financial problems. If you have experienced credit problems such as;

• County Court Judgements (CCJs)
• Defaults
• Arrears
• Individual Voluntary Arrangements (IVAs)
• Bankruptcy

Or if your bank or existing lender has turned down your remortgage application then Remortgage Made Easy! may be able to help.

Many UK Mortgage Lenders have specialist adverse credit or 'bad credit' mortgage and remortgage products to cater for people who have experienced credit problems or have a low credit score.

The overall cost for comparison is 11.4% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. The APR is variable and based on a usual case.

Remortgage to consolidate debt?

If you have a number of different debts such as personal loans, store cards and credits cards you may be able to remortgage in order to consolidate your existing loans and reduce your monthly outgoings. You should not consolidate your debts using a mortgage or remortgage without first understanding the full implications of doing so. Whilst the interest rate that you pay on a fixed or tracker rate mortgage might well be far less than the rate you currently pay on a car loan, you will be paying interest for as long as the mortgage term.

Another thing to consider is that by adding debt to the mortgage loan you are securing this against your property. If at some point in the future you cannot make repayments your home could be at risk. A professional adviser will be able to demonstrate the potential advantages and disadvantages of consolidating debts with a remortgage. Use the contact form to arrange for an expert to advise you if a consolidation remortgage is right for you. Your initial meeting will cost you absolutely nothing, however you may be charged a mortgage application fee.*

We take a flexible, sympathetic view of people with credit problems and offer a, no obligation, professional advice service to help find the most suitable mortgage product for you from a range of lenders.

For more information and advice on obtaining an adverse credit mortgage or debt consolidation re-mortgage please complete the contact form.

Use these other articles to find out more:

Remortgage Glossary | Remortgage Best Buys | Remortgage Calculator