Bad Credit Remortgage

If you have an adverse credit history then getting a mortgage can be difficult, and if you can get a deal it might cost a lot more than a standard mortgage.

 

Lenders are now more responsible about who they lend to and require proof that you are able to keep up with the repayments before they will give you a mortgage. This has made bad credit remortgages harder to get and more expensive.

 

Get a review of your mortgage options and see if there are any bad credit remortgage deals available- click on the link and fill in our quick enquiry form.

Current Mortgage Deals
Initial RateProviderPeriod ToTypeAPR*LTV 
1.90% ING DirectOct 2019Discounted Variable 3.40% 70% More >
1.98% Skipton BSAug 2019Variable 4.70% 60% More >
1.99% first directAug 2019Variable 3.60% 65% More >
1.99% Royal Bank of ScotlandSep 2019Variable 3.80% 50% More >
1.99% The Mortgage WorksOct 2019Variable 4.60% 70% More >
*APR - Overall Cost for Comparison
Powered by Moneyfacts (Disclaimer)

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Latest Mortgage Deals Selection

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

2.49%

Reverts to 4.70%

5

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.
Fixed

2.69%

Reverts to 4.70%

5

Years

80%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

*LTV = Loan to value (how much mortgage you have or require in relation to the value of your property).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products are a selection of top deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063

For borrowers who may have an unreliable or bad credit rating, remortgaging a property can often seem like a very difficult task. However when searching for an appropriate loan, it is always recommended to shop around using mortgage comparisons in order to find the best mortgage deals that are available.

 

A bad credit remortgage may be required for a variety of reasons, however generally speaking, customers often wish to use a bad credit remortgage to help them consolidate or pay off any existing debts that may be struggling to manage.

 

For customers who are experiencing problems with these existing debts, managing them can be an extremely stressful task, and can dramatically affect their ability to get any loans in the future. Luckily however, there are a number of specialist lenders who may be able to provide customers with a suitable remortgage deal.

 

If you are searching for a suitable bad credit remortgage, feel free to look at our mortgage comparisons table for more information on the various remortgage deals that are available.

 

It should be remembered however, that their may be a number of restrictions that are involved with getting this type of loan, as many lenders may understandably be cautious. Lenders will often pay close attention to any factors that may indicate an unreliable borrower, such as previous CCJ’s, unpaid debts etc.

 

These factors may play a significant role for lenders when deciding whether or not to offer a customer with bad credit a remortgage. This is because generally speaking, most lenders are risk averse, and may be reluctant to offer a loan to customers who they believe may be unlikely to make their repayments.

 

In order to compensate for this added degree of risk, lenders will generally charge significantly higher interest rates for a bad credit remortgage. It Is important to remember that shopping around for the most competitively priced offers can go a long way to significantly reducing these costs.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker