bad credit remortgage

bad credit remortgage | how do i get one?

The bad credit remortgage market is mainly covered by a number of specialist lenders. These are mainly owned by American banks but there are some that are owned by European banks. You can rest assured that they are some of the biggest banks in the world and therefore are reputable lenders.

You can not usually apply directly to this type of lender. The lenders deal through FSA authorised mortgage brokers, such as Solution Mortgages.

To get a quote for a bad credit remortgage, you can speak to Solution Mortgages on 0845 123 1260 or apply online.

We will need to know:

• details of your existing mortgage
• details of any other debts you have which you wish to include in the remortgage – credit cards, loans, finance schemes, etc
• how much you earn
• what your outgoings are each month
• whether you have had any CCJs, IVAs or bankruptcies
• whether you are in arrears with any payments

Once we have this information, we will contact the most appropriate lenders and get a remortgage quote for you.

The quote will include:

• details of the monthly payments
• interest rate details – is it fixed or variable?
• information about fees and tie-ins – are there early repayment charges? - how long the remortgage is for – it may be over a longer term than your current mortgage
• confirmation of what our broker's fees will be

Remember: Although your monthly payments may be reduced by extending the term of the mortgage, you may end up paying more interest in total than you would have done previously.

Bad credit remortgage? Call us on 0845 123 1260 or apply on line by completing the short enquiry form.

Bad credit remortgage guides:-

• Bad credit remortgage | Home
• Bad credit remortgage | Things to think about
• Bad credit remortgage | What is it?
• Bad credit remortgage | Why choose one?
• Bad credit remortgage | How do I get one?