It is an unfortunate fact that a poor credit rating history can potentially harm your chances of finding a competitively priced remortgage deal. However regardless of the reason for your poor credit rating, you may still be able to take out an affordable poor credit remortgage in the right circumstances.
For the best possible chance of finding a competitive offer on a poor credit remortgage, customers are advised to research and compare mortgage deals as much as possible.
In most cases, customers should be prepared to pay more for a remortgage with bad credit, as lenders will consider them to be ‘higher risk’ compared with other borrowers with a clean record. One of the best ways to improve this record is to successfully remortgage the property without missing any payments.
You may wish to use our mortgage comparison tables below for a range of offers from providers: