Quick Links

Bad Debt Remortgage

Getting a bad debt remortgage can be a useful way of consolidating existing debts, or freeing up extra cash. If you are having a problem obtaining a remortgage from high street banks, you may wish to consider other remortgage solutions. Problems associated with bad debt may include CCJs, mortgage arrears, bankruptcy, or employment problems.

A bad debt remortgage can benefit you by:

Reducing your monthly repayments and making your outgoings more manageable
Releasing equity for you to make other purchases
Providing you with a fixed rate and financial peace of mind
Potentially saving you money with a better interest rate
Providing debt consolidation

While lenders will calculate interest rates largely on the basis of your credit rating score, many finance companies are making it possible to find a relatively competitive bad debt remortgage deal.

To find the best deals available on the market, compare them by filling in the enquiry form and getting free, no obligation quotes and impartial advice.

When considering a bad debt remortgage, be sure to spend time finding the right deal for you. You should be aware of possible fees you may incur; for example arrangement fees, exit fees, early repayment charges, legal fees, and mortgage valuation costs. You should also be aware that with a bad debt remortgage, although your monthly repayments might be reduced, the term of your debt and the amount that you repay may increase.

Initial Rate	Type	Period To	Provider	The Overall Cost For Comparison APR	LTV
6.49%	Adverse		Manchester Building Society	6.80%	80%	More
7.29%	Adverse	Jul 2009	First National Bank	7.29%	60%	More
7.39%	Adverse	Jul 2009	First National Bank	7.39%	75%	More
7.39%	Adverse	Sep 2011	Coventry	7.50%	65%	More
7.49%	Adverse	Jul 2009	First National Bank	7.49%	60%	More
7.50%	Adverse		Accord Mortgages	7.50%	65%	More
7.59%	Adverse	Jul 2009	First National Bank	7.59%	75%	More