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Remortgaging is one of the best ways to free up some extra cash, or when your existing mortgage deal expires. But when applying for a remortgage with bad credit, it’s not always smooth sailing. Having a mortgage on your home doesn’t guarantee that you’re going to find it easy to get a remortgage.
If your financial circumstances have changed since your first mortgage application, then you may now be finding yourself asking the question ‘can I remortgage my house with bad credit?’. While the path to arranging a remortgage may not be as simple, there’s lenders out there who will allow you to remortgage a house with bad credit.
If you’re pondering the question of ‘how to get a remortgage with bad credit?’, then our specialist Simply Adverse mortgage brokers are on hand to help.Contact Us
Simply Adverse has been trading as a specialist poor credit mortgage broker in the UK for since 2009. Our brokerage services are tailored towards UK residents who have struggled with financial problems and found themselves trying to find a mortgage or remortgage a house with bad credit.
The solutions that we provide are tailored towards your unique needs, which means that if you have an adverse credit rating and are searching for a remortgage, we’re the right service for you. Our Cemap qualified expert advisers, experienced pre-underwriters, and dedicated case managers make finding you the best bad credit remortgage rates much easier.
Your credit history shows a record of how well you’ve managed debt repayment in the past, as well as other factors that contribute to a credit score, like whether you’re on the electoral roll. A bad credit history is one where the repayment of debt has been handled irresponsibly, which is normally judged via a score – the higher the score, the better your credit history.
There are a number of reasons why you may have a bad credit history, such as payment defaults, missed payments, IVAs, CCJs, or bankruptcy. No matter the reason why you may have a bad credit history, we can provide bad credit remortgage advice based on our years of experience.
You can never predict how good or bad your credit score may be until you check for yourself. Here’s how to check your credit score, improve it, and judge your eligibility with bad credit remortgage lenders:
Want to discuss your credit score with an expert? Call us today for impartial advice on finding a remortgage with bad credit.
The simple answer to ‘can I remortgage my house with bad credit?’, is yes, but if you have more than a minor problem with your credit score then you’re not likely to get a remortgage on the high street. The ease to which you’ll be able to obtain a remortgage with bad credit will depend on a number of factors, such as why your credit history is adverse.
What credit history is acceptable for a remortgage will depend on the specific lender, as lenders consider remortgages on a case-by-case basis. You may find that one lender will accept you with a CCJ, whilst others may reject your application due to missed payments.
Your affordability test, which considers income vs expenses, along with your equity amount, will also be factored into the equation of whether you can remortgage house with bad credit. The ratio of your debt to income should be lower than 45% for the best chances of being accepted.
To gain access to specialist bad credit lenders that are likely to accept you for a remortgage with bad credit, you need the help of a bad credit expert mortgage broker, who can arrange a mortgage on your behalf. Simply Adverse has access to the whole market of lenders, so we can source the best remortgage bad credit rates for you.
Remortgaging with bad credit can be a very different experience from person to person. Here the are answers to some of the most frequently asked questions about getting a remortgage with bad credit:
If you would like to know more about getting a remortgage with bad credit, then please contact us today.
At Simply Adverse, we make it our aim to go above and beyond to arrange a remortgage for you. If you’re worried about the question ‘can I remortgage with bad credit history?’, then take a look at what we can do for you:
When you choose Simply Adverse to help you find a mortgage, we take care of the difficult parts for you. We’ll provide a full situation assessment, advise you on your eligibility for a remortgage, find highly competitive rates, and simplify the whole remortgage process. Our service is unrivalled when it comes to customer service and results – just take a look at our glowing Trust Pilot reviews!
Bad credit remortgage UK lenders can be hard to come by on the high street, which is why our specialist adverse credit remortgage service is a great benefit to UK homeowners. We cover all bad credit remortgage lenders and niche lenders, to bring you the best rates from across the board. Not being tied to a panel of lenders also means that we can deliver exclusive rates that aren’t available on the high street.
There are absolutely no up-front fees when you choose Simply Adverse, we offer everything from the first situation assessment to the detailing of potential mortgages without fees. We only get paid when we’ve arranged for a formal mortgage offer to be given and when the bank has committed to lending. You’re also not tied into the process, you can choose to walk away whenever you want.
To ease your doubts over the stressful question of ‘how to get a remortgage with bad credit?’, our online bad credit remortgage quiz is always available to help to you get an idea of your eligibility for a mortgage.
Interested in learning more about the comprehensive service that we provide at Simply Adverse? You can call our friendly team of mortgage experts for advice about questions like ‘how can I remortgage with bad credit?’, completely free of charge.
For the best bad credit remortgage rates, we search far and wide to locate the best lenders and niche lenders who can offer a remortgage with bad credit score. Here are some of the main bad credit remortgage lenders that we work with:
If you’re worried about questions like ‘how can I remortgage with bad credit?’, then we’re the experts to call. Our professional bad credit brokerage service will help you to find the best bad credit remortgage deals in as quick of a time as possible.
Don’t worry a second longer about bad credit remortgages, give Simply Adverse a call today and learn more about your ability to get a remortgage from friendly lenders in the UK.