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.

Remortgage Deal Selection - Call Direct
Initial RateProviderTermTypeAPR*LTV 
2.09%
2 Years2 Year Tracker4.00%60%More Info >
£1,995 booking fee.
Call 0800 077 3454 to speak to a Santander Mortgage Specialist.
2.35%
2 Years2 Year Tracker Exclusive4.00%60%More Info >
Only available to existing current account customers. £1,499 product fee.
Call 0800 1582934 to speak to a NatWest mortgage specialist.
2.28%
2 Years2 Year Fixed Rate Remortgage3.90%60%More Info >
£1,999 booking fee. Maximum mortgage size £500,000
Call 0800 077 4264 to speak to the HSBC mortgage team.
3.74%
2 YearsGreat Escape 2 Year Fixed Rate Remortgage3.90%70%More Info >
No Product fee. Reverting to 3.89% (base rate + 3.39%) variable for the remaining term of the mortgage.
Call 0845 0701720 to speak to a Woolwich mortgage specialist.
*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