Adverse Credit Remortgage

How to remortgage with an adverse credit history

An adverse credit history could be caused by a minor mistake in the past such as forgetting to make a debt repayment on time, falling into arrears on a previous mortgage, or simply putting off a gas-bill for one month too many.

Having an adverse credit history will mean you could find it difficult remortgage with a high-street mortgage lender.

So what can you do if you want to enjoy all the advantages of a remortgage, such as lower interest rates, debt consolidation (where appropriate) or raising cash for home improvements, education and so on, but you do not have a perfect credit history?

The solution is to apply to lenders who specialise in providing mortgages and remortgages for borrowers who have been declined for credit in the past. These lenders are willing to take a risk by accepting your application, however they may charge you higher interest rates as a result.

Whole of market remortgage advice
By completing our secure online Enquiry Form, you can discover how much you could save over the remainder of your mortgage term. As an a whole market mortgage broker we hold no bias towards any one lender, and will not recommend remortgaging unless it is beneficial to you.

The More Group can regulary obtain mortgages for clients with impaired credit at an overall cost for comparison of 7.8% APR.

When considering a remortgage, always remember: Your home may be at risk if you fail to keep up repayments on your mortgage.