Problem Remortgage
Do you have problems finding a suitable mortgage lender or product that is prepared to take into account a poor credit rating? Perhaps in the past you have experienced CCJs, Mortgage arrears, Defaults, IVA or discharged bankruptcy?
Generally in these situations many borrowers find that the High Street Bank and Building Societies unprepared and unwilling to assist. Someone who has had bad credit in the past represents a higher lending risk to the mortgage lender. There are specialist mortgage lenders and brokers however that ARE prepared to consider these types of ‘problem’ remortgage applications.
The rates of interest applied to adverse credit remortgage applications will tend to be higher that a prime remortgage – a borrower with no adverse credit. However these rates can still be highly competitive, even with severe levels of bad credit.
If you have encountered a problem when remortgaging due to insufficient proof of income then don’t worry – there are even a wide range of products geared towards those self employed individuals with little or no proof of income.
To receive your free personalised quotation, enquire today by completing our simple form. All quotes will be provided free with absolutely no obligation on your part.
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