Remortgage Guide Contents

Mortgages for people with a bad credit history Contents

Things To Consider about Bad Credit Remortgaging

Bad credit remortgaging is not suitable for everyone. Before you agree to a deal, make sure you understand whether any of the following points affect you:

• Will you have to pay any early repayment fees on your existing mortgage? If so how much are they – it might be cheaper not to remortgage
  
  

• Most bad credit remortgaging requires you to have at least a 5% deposit or 5% equity in your home. There are some 100% deals, but these usually have higher interest rates.
  
  

• Consolidating your debts and paying them back over a longer period may mean that you pay more interest in total than you would have done originally, even though your monthly payments are lower.
  
  

• Don't apply direct to high street mortgage lenders who will be likely to reject you – this will show up on your credit history and make it more difficult for you to get a remortgage. The best approach is to talk to an independent mortgage broker who specialises in bad credit remortgages and let them find you a suitable lender who won't reject your application.
  
  

• You may see lenders talk about "sub-prime" or "adverse credit" remortgaging – these are the same as bad credit remortgaging.
  

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

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Things To Consider about Bad Credit Remortgaging

Bad Credit Remortgages: Questions and Answers

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