Can I Remortgage with bad credit ?

Can I remortgage with bad credit?

This is a question often asked by people and their is no difinative answer. If you have a bad credit history it can be possible to remortgage, but you may need to go to a specialist lender.

In general the more equity you have in your property the easeir it is top get a remortgage, because the lender will in effect be taking a reduced risk, becuase should things go wrong they would still be able to recouple their investment.

The above is also known as loan to value ( LTV). Because of the recent credit crunch in the UK the maximum ltv has been reduced by lenders, who are now more carful about how much and who they lend to. Many lenders will now not go above 75% LTV with bad credit remortgages, but their are variations between lenders.

To get whole market advice on the range of bad credit remortgages that are available please complete the online no obligation enquiry form below.

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