Stop worrying about your remortgage
Are you worried that poor credit history will stop you from remortgaging? Do you think that your credit file and poor credit score makes it impossible? Stop worrying and get in touch with The Mortgage Geezer today. My team and I are here to take the stress out of getting a bad credit remortgage.
We believe in making life simple. You won’t find loads of jargon. Just straightforward answers to your questions about getting a remortgage with a bad credit history.
We don’t judge you on your credit history. We’re just interested in working with you and our bad credit remortgage lenders to find you a great deal. Whatever the issue, talk to us and discover why we’re the only bad credit remortgage broker you need.
What Our Clients Say
Why Choose The Mortgage Geezer?
Can I remortgage with bad credit?
It would be a lie to say it isn’t more difficult to remortgage if you have an adverse credit history, but it’s by no means impossible. It’s even easier if you come to us at The Mortgage Geezer. We know about remortgages for people with bad credit.
Thanks to our great relationships with mortgage and remortgage lenders for bad credit we’ve helped lots of people just like you buy a house or remortgage, even though their credit history is far from perfect. What’s more, because we’re whole-of-market independent mortgage brokers, we’re not tied to a tiny panel of lenders like some banks and building societies. Meaning you get more choice and more chance of finding a mind-blowing remortgage.
Need advice? Call 01234 923603 to speak to The Mortgage Geezer
Lines Open: Mon-Thu: 9am – 5pm, Fri: 8am – 1pm.
The difficulty of remortgaging with bad credit
Bad credit remortgage loans can be trickier to find than so-called normal remortgages because of how lenders process applications. When you apply for a remortgage, you’ll be asked to demonstrate that you can pay back the remortgage by proving how much you have coming in and out each month. Lenders will also check your credit score, and this is where things can get messy.
If you have a poor credit score, lenders will be worried that you won’t pay your remortgage back. It might not seem fair, but if you’ve got into difficult financial situations in the past, lenders think you might have trouble again in the future.
What type of issues might mean I need a bad credit remortgage?
Credit issues that could affect how easy it is for you to get a remortgage include:
- Bankruptcy
- Defaults
- CCJs (County Court Judgements)
- IVAs (Individual Voluntary Arrangements)
- Missed Credit Card and Utility Bill Payments and Payment Defaults
- Debt Management Plans
How are bad credit remortgages different from other remortgages
Bad credit remortgages behave the same as any other remortgage. In fact there aren’t really any such things as ‘bad credit remortgages’. What there are, are remortgages arranged for applicants with a poor credit history. You might however find a difference in the amount of deposit you have to pay or the interest rates on your remortgage.
Bad credit remortgage rates tend to be higher, and lenders usually want a larger deposit than for other remortgages, as they’re not prepared to lend you as much.
How can The Mortgage Geezer help?
At The Mortgage Geezer we have a team dedicated to making the tough challenges look easy. Our straightforward approach to getting specialist mortgages and remortgages for people in difficult circumstances makes us the best people to go to for adverse credit remortgages. We offer a completely personal service that takes you through every step of the application process. We explain without complicated language exactly what’s happening so that you can relax.
We also know what lenders are looking for. Not all bad credit score remortgage lenders are the same and they don’t all judge applicants on the same criteria. So when we’re looking for a bad credit remortgage company for your application, we understand which ones are likely to be the most sympathetic to your particular circumstances. This gives us, and you, a greater chance of success.
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