Bad Credit Remortgages

Bad credit remortgage is one of the increasingly common terms used to describe a remortgage application that falls outside the lending criteria of the mainstream High St lenders such as Nationwide, Abbey, Halifax, Northern Rock, Barclays, Lloyds TSB, HSBC and Nat West.

All lenders have to assess the risk of lending you money to remortgage your home. To do this underwriters will take into account a number of factors. For example - age, employment status, loan to value, amount required. However in the majority of cases the most important factor is whether you have a bad credit status.

If you have got mortgage arrears, defaults, no proof of your income, county court judgements, IVA’s, previous bankruptcy, or any other “black mark” on your credit file, the chances are that you will not pass traditional lender’s credit scoring. Home Loans Direct, as a specialist broker of bad credit remortgages can help.

To find out how we can help you with bad credit remortgages, use our online enquiry form to apply for a bad credit remortgage, complete a bad credit remortgages quote form or call 0800 197 4343 to speak to one of our experienced remortgage advisors.