Remortgage Guide Contents

Mortgages for people with a bad credit history Contents

How To Get A Bad Credit Remortgage

While some mainstream lenders are starting to offer remortgages to people with bad credit directly, this market is mostly served by a number of specialist bad credit lenders.

You probably won't recognise the names of these companies, but behind them all are some of the largest banks and lenders around – who set them up as seperate "brands" to their normal high street operations. So you can be confident that they are reputable lenders.

These specialist lenders only deal through authorised mortgage brokers.

So to get a quote for a bad credit remortgage, you will have to discuss your requirements with a mortgage broker.

The broker will want to know:

• details of your existing mortgage
  
  
• details of any other debts you have which you wish to include in the remortgage – credit cards, loans, finance schemes, etc
  
  
• how much you earn
  
  
• what your outgoings are each month
  
  
• whether you have had any CCJs, IVAs or bankruptcies
  
  
• whether you are in arrears with any payments

Once they have this information, they will contact the most appropriate lenders and get a remortgage quote for you.

The quote should include:

• details of the monthly payments
  
  
• interest rate details – is it fixed or variable?
  
  
• information about fees and tie-ins – are there early repayment charges?
  · how long the remortgage is for – it may be over a longer term than your current mortgage
  
  
• confirmation of what the broker's fees (if any) will be

Remember: Although your monthly payments may be reduced by extending the term of the mortgage, you may end up paying more interest in total than you would have done previously. Ask your broker to explain the numbers to you if you are unsure.

Bad credit concerns? Simply ask a bad credit mortgage expert.
It's free and completely confidential. Simply fill out the form below

Value of Property £       (eg 125000) Borrow How Much? £     (eg 92500) Your Morgage Type    - please select - Re-Mortgage Purchase Buy to Let Overseas First time buyer? Yes No Have you found property? Yes No Country     - please select - Andorra Australia Bahamas Barbados Belgium Belize Bulgaria BVI Cayman Islands Cyprus Canada Dutch Antilles France Greece Ireland Italy Jamaica Malta Mexico New Zealand Poland Portugal Spain St. Lucia Switzerland Trinidad & Tobago Turks & Caicos USA Other.. Sorry ! The amount you want to borrow is less than £25,000. This is the minimum allowed for a mortgage. But don't worry ! You could get the money via a personal loan. I want a free no obligation loan quote Click OK No thanks. I will change my borrow amount to more than £25,000 Click Cancel

 

 

 

 

 

Read On

What Is A Bad Credit Remortgage?

Why Choose A Bad Credit Remortgage?

How To Get A Bad Credit Remortgage

Things To Consider about Bad Credit Remortgaging

Bad Credit Remortgages: Questions and Answers

Read On

About Bad Credit Ratings

What are Credit Reports and Credit Files

What is Credit Scoring and Credit Rating

What is a Credit Search

Here's the good news

Finding a lender for Your Bad Credit Mortgage

Adverse credit agencies

Causes for a bad credit rating

County Court Judgements / CCJs

How are you credit rated?

How to check your credit rating

Remortgaging with a Bad Credit Record

Want to Talk to a Specialist Bad Credit Mortgage Adviser?

Read On / Mortgage Guide

How to Choose your Mortgage

Types of Mortgage

Remortgages

Where to Find Your Mortgage

Getting a Mortgage in Principle

Costs of a UK Mortgage

Your Mortgage TOP TIPS

Calculators

A to Z all UK Mortgage Types

 

Read On

Guide to UK HomeBuying

Guide to UK Mortgage Insurance

Life Insurance UK

Glossary of Mortgage UK Terms

Mortgage UK News

 

 

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Mortgages for people with a bad credit history

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