Remortgage with Bad Credit

Looking to remortgage but have poor credit? As a mortgage broker, we will work with you to try and find you a mortgage lifeline when you need it most.

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A mortgage lender needs confidence that you are reliable and can still keep up your monthly remortgage payments with bad credit.

As long as you have a good mortgage repayment history then it could be possible to remortgage with bad credit.

The longer ago your credit issues were the better but some lenders ignore minor blips such as disputes with mobile phone providers.

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Are you looking at your remortgage options for capital raising?

As with any remortgage, the interest rate payable will depend on your credit score and also how much equity you have in your home.

You can also look to capital raise when you look at remortgaging. Get in touch for mortgage advice and we'll look at what options are available for you with a remortgage.

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Remortgage with Bad Credit FAQs

Can you remortgage if you have bad credit?

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Though it operates on a case-by-case basis, yes it should still be possible for you to remortgage with bad credit.

However, if you have had financial difficulty after taking out your original mortgage, it may be beneficial to stay with your current lender.

A mortgage broker will be able to help you run through the best options.

What should I do if I can’t remortgage?

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You may find that you have exhausted your remortgage options and have found yourself unable to remortgage at this current time.

Whilst you cannot get a remortgage now, there may be some steps you can take to improve your credit rating, and open up your remortgage options in the future.

Do you get credit checked when remortgaging?

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Yes, any new lender will want to assess your application using your current credit rating.

Some lenders run “soft” credit searches at Agreement in Principle stage and these do not negatively impact your score.

How can I take equity out of my home if I have bad credit?

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You can ask your current lender for a further advance and if that is not possible then you can remortgage to a different lender.

If that in turn is not possible then a final option could be to leave your current mortgage in place and take out a second charge mortgage (secured loan) with another provider, however higher interest rates apply to these products.

How long does bad credit last?

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Defaults and CCJ’s stay on your credit file for 6 years but if you feel these have been registered incorrectly then you should approach the provider to see if they can remove them from your credit file.

If the adverse credit was registered against you very recently then taking out a new mortgage will be very difficult.

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Get in touch 7 days a week!

Choose a date and time that suits your personal circumstances best.

Free initial consultation - no upfront fees.

Book your free mortgage appointment online today.

Deal with your own dedicated case manager.

Your first point of contact will be your case manager.

We only have your best interests at heart.

We will hold your hand from start to finish. We know the stress involved with taking out a mortgage.

Working beyond the mortgage, making sure you have the right insurance and cover.

Find you the most suitable insruance product that matches with your personal and financial situation.

We can search through 1000s of products.

On panel, we have a variety of lenders, each holding many different types of mortgage products.

20+ years of experience - we know what we are doing!

There is rarely a situation that we haven't come across before. We are specialists in the industry.

Every step of the way you will have our fully support.

Any hurdles like property surveys and down valuations, we will make sure to help you overcome these.

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1000s of remortgage deals for those with bad credit

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UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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