Take the fuss out of adverse credit remortgaging
You want to remortgage. You want it to be easy, but you’ve had debt or credit problems in the past. Don’t panic. Poor credit remortgages are out there, and The Mortgage Geezer knows where to find them.
My team and I take the stress out of remortgaging, whatever your credit rating. We don’t believe in complicated jargon or making life difficult. We know that you want a simple to understand process and a smooth journey to a great adverse credit remortgage deal.
The goal of The Mortgage Geezer team is to be able to answer “Yes” to anyone who’s asked “Can I remortgage with a bad credit history?”. We understand that it can be tricky, but we also believe that it doesn’t have to be impossible. So, why ever you want to remortgage, contact The Mortgage Geezer today.
What Our Clients Say
Why Choose The Mortgage Geezer?
How does remortgaging work?
Remortgaging is just the process of changing your mortgage but staying in your property. You pay off your old mortgage with your new mortgage.
Most remortgaging deals involve changing lenders, although you can sometimes ‘remortgage’ with your existing lender. This is often known as a product transfer. The Mortgage Geezer has access to lots of bad credit remortgage mortgage lenders and can help you get the best deal.
Reasons to remortgage
There are loads of reasons why you might want to remortgage your current property.
Your current mortgage deal is ending
The most common reason to look for another mortgage is that your current deal is coming to an end. Fixed rate deals tend to end between 2 and 5 years. If you don’t remortgage at this point your lender will move you to their Standard Variable Rate (SVR) – which is usually a significantly higher interest rate. No one wants to pay more than they have to, particularly if you’ve had money problems in the past.
You want a better deal
Even if your current fixed term isn’t coming to an end, you may still be able to remortgage to get a better deal. A new deal could mean lower interest rates, lower monthly repayments and/or more flexibility. Whatever a better deal looks like to you, you should be aware that you may need to pay an early repayment charge (ERC). The Mortgage Geezer will always let you know what, if any, fees you could be liable for.
The value of your home has increased
Lucky you. Seriously though, if your home is now worth significantly more than when you took out your current mortgage you may be able to get a much better deal. This is because you will have moved into a lower loan-to-value band. If this sounds like you, talk to us today and let’s see what we can do.
You want to raise some capital
Whether you want to consolidate debts, make home improvements, or help your children onto the property ladder, remortgaging your property could be the answer. Speak to The Mortgage Geezer about whether this option would work for you and let us help you through the process.
Whatever your reason for remortgaging, The Mortgage Geezer can help you.
Can I remortgage with bad credit?
Just like a standard mortgage trying to remortgage with bad credit or arrears, or remortgage with credit card debt, may be a little trickier than remortgaging with a perfect credit report. It’s not impossible though, and it’s even more straightforward if you talk to us. That’s because we love finding people like you, a great deal.
We use our established relationships with remortgage lenders for bad credit to find exactly the right remortgage for you and your circumstances. We don’t baffle you with complicated jargon, we just deliver a simple, personalised process that secures you your best next remortgage.
Need advice? Call 01234 923603 to speak to The Mortgage Geezer
Lines Open: Mon-Thu: 9am – 5pm, Fri: 8am – 1pm.
Why is it tricky to remortgage with a poor credit history?
You might think that because you already have a mortgage in place you can get a guaranteed remortgage. Unfortunately, that’s not the case. Lenders will still want to know that you can afford to repay any mortgage loan and that’s why it can be more difficult to remortgage with adverse credit.
This is particularly true if your credit problems, such as missed credit card payments or loan repayments, have happened since you got your original mortgage.
Any of the following types of issues could impact how easy it is for you to be able to remortgage your property.
- Bankruptcy
- Defaults
- CCJs (County Court Judgements)
- IVAs (Individual Voluntary Arrangements)
- Missed Credit Card and Utility Bill Payments and Payment Defaults
- Debt Management Plans
If you can, it’s always worth trying to improve your credit score before applying to remortgage, for example making sure you don’t take out any ‘payday’ loans and keeping all your other payments up to date in the period before your current mortgage term ends.
What’s the difference between bad credit remortgages and other remortgages?
Just like all other mortgages there aren’t really specific ‘bad credit remortgages’. There are however some deals that are more suitable and likely to be approved for applicants with bad credit than others.
While you might find interest rates are slightly higher for mortgage applications from people with a low credit score, The Mortgage Geezer always works for you to find the best interest rate out there.
Why talk to The Mortgage Geezer?
With great relationships with lenders, a personal service, and our no-nonsense attitude, talking to me and my team is among the best things you can do when the time comes to remortgage. We know which lenders are the most likely to be sympathetic to your individual circumstances and where to find the product for you.
Our service is simple and thorough. There’s no need for you to worry about all your paperwork being in order or to take time out of your busy day to chase lenders. We do all that for you. You tell us what you need, give us your information, and just sit back and let us do the rest. You don’t even need to pay us to find you quotes.
And don’t worry about being hit with hidden charges for switching lenders or taking out a new mortgage. Our policy of transparency
means that you’ll never face surprise fees. We’re completely upfront about anything you’ll need to pay. All the time.
What are you waiting for? If we can’t find you a better deal, we’ll put through any remortgage offers from your current lender, at no charge to you.
Help get your finances in order with a competitive remortgage deal with help from The Mortgage Geezer.
Need advice? Call 01234 923603 to speak to The Mortgage Geezer
Lines Open: Mon-Thu: 9am – 5pm, Fri: 8am – 1pm.
THINK CAREFULLY ABOUT SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS