Bad Debt Remortgage

bad debt remortgageBad 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.


Mortgage Deal Selection - Call Lender Direct
Initial RateProviderPeriod ToTypeAPR*LTV 
2.89%
Lifetime TrackerTracker3.00%70% 
Lifetime Tracker Deal. Capital Repayments up to 10% without penalties.Product fee £1499. Early repayment fee 1% of balance repaid until 30/11/2012. Call 0845 0701720
2.54%
2 YearsTracker3.50%75% 
2 Year Tracker Deal. Capital Repayments up to 10% without penalties. Product fee of £945. Early repayment fee of 2% for first 2 years. Call 0800 1838892
3.39%
2 YearsFixed4.10%60% 
2 Year Fixed Deal. No product fee. An early repayment charge applies until 31/08/2012. Maximum LTV 60%. New purchase only. Call 0800 068 7624
3.75%
NAVariable3.80%75% 
Offset Mortgage Deal. Designed to give you financial flexibility by helping you pay off your borrowing early by bringing all your finances together. Call 0845 8055689
4.95%
Aug 20122 Year Fixed4.24%80% 
First Time Buyer 2 Year Fixed Deal. £995 Product Fee. Call 0800 077 3454 to speak to a Santander Mortgage Specialist
4.99%
Sept 20122 Year Tracker 4.00%85% 
First Time buyer 2 Year Tracker Deal. Product Fee £497. Repayment Mortgage Only. Early Repayment Fees Apply. Call 0845 293 77 26 to speak to a Halifax Mortgage Specialist
5.45%
July 2012Fixed4.10%90% 
First Time Buyer 2 Year Fixed Deal. Early repayment charge until July 2012. Capital Repayments up to 10% without penalties. There is a product fee of £999. Call 0808 1091690
6.89%
Aug 2015Fixed5.20%90% 
First Time Buyer 5 Year Fixed Deal. For new Nat West Customers only. Maximum loan £300k. No Product Fee. Call 0800 1582934
2.99%
2 YearsFixed4.80%60% 
2 Year Fixed Deal No application charge. No Completion fee. Call 0845 0701720 and quote FI2. Monday-Thursday 9am-8pm, Friday 9am-5.30pm, Saturday 9am-12pm
*APR - Overall Cost for Comparison

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

The above mortgage products are a selection of 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 speak to an independent mortgage broker 



For Quotes & Advice on bad debt remortgages complete our bad debt remortgage form.