REMORTGAGES

Borrow £25,000 to £5 Million.
Property Purchase and Re-mortgages.
CCJ's, Defaults and Missed Payments.
No Initial Credit Check.

CONTACT US NOW FOR ADVICE AND A QUOTE

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WHAT WE DO

We Gather Information Required to Search the Market

We gather some basic information about you using our quick online form

Conduct a Whole of the Market Comparision

We will search 100’s of providers to find you the lenders who are willing to approve your mortgage

Provide full service through to completion

We will show you rates along with the monthly repayments. This will not affect your credit score. We’ll also explain any fees if you progress at this point and as long as you are happy to proceed, provide you with the full service through to completion of your mortgage being accepted

MORTGAGE LENDERS

(not all lenders displayed - not specific to your personal circumstances)

Customer Reviews

FREQUENTLY ASKED QUESTIONS

How we work?
By making an enquiry we will contact you to discuss your needs and outline if we can be of assistance. We will then request a copy of your credit file for a qualified adviser to review. After a full review of your credit profile the adviser will discuss this with you, provide advice and discuss possible quotations.

If you wish us to proceed and get a ‘Decision in Principle’ we can do so. Once we have a decision from the lender we will discuss and email you a formal quotation and outline our process going forward.
What sort of bad credit do you accept?
We have lenders that will accept clients who have had County Court Judgements (CCJ’s), Defaults, Missed payments, Debt Management Plans (DMP), Individual Voluntary Arrangements (IVA) and discharged bankruptcy. The general rule is that any bad credit needs to be registered over a year ago.
Do I need a deposit / equity?
Yes. You will need a minimum of a 10% deposit however, this is does depend on the level of bad credit that you have, so for example, if you have had CCJ’s/mortgage arrears in the last 2 years you may need to have 15%+ deposit. If you are buying a property through a shared ownership scheme we have lenders that do not require you to have a deposit. If you are buying a property through the Help to Buy scheme we have lenders that can help you providing you have a 5% deposit to put down.
How long does a bad credit mortgage take to arrange?
Once a Decision in Principle (DIP) has been done the typical arrangement times from mortgage application to offer is 1 month. Specialist bad credit mortgages do take more time when compared to standard high street mortgages, due to the extra due diligence that is required on these cases.
I have a low credit score – does that matter?
No. We have lenders some of whom are high street Building Societies that will lend to you if you simply have a low credit score, due to not being on the voters roll or not having much active credit. If you have a low credit score as a result of bad credit (CCJ’s/defaults/missed payments etc) we certainly have specialist lenders that can help.
I have been declined by other brokers – can you help?
The key to this question is why you were declined. We provide an advised service, so if we cannot help you now, we will explain why and provide advice as to what you need to do to be able to get a mortgage in the future.

Remortgages

Remortgages are available for people who either want to change their existing mortgage or to borrow more against the property for whatever reason, be that home improvements, holidays etc.

Depending on the original mortgage, a remortgage can literally save thousands of pounds. You may be locked into a fixed rate that is no longer competitive and you will be paying more a month in repayments than you actually need to, or your circumstances may have changed which mean that you are now in a stronger position to qualify for a more attractive and competitive mortgage. Another reason to remortgage is that a fixed interest rate deal is about to come to an end and you may want to fix a rate with another lender to save money when your current mortgage rate increases. Fixed rate mortgages usually last for between 3 and 5 years so it is not unusual for people to shop around and remortgage after these deals end.

Other reasons for remortgages include your loan to value ratio has risen significantly, as repayments have been made and the property value has increased. This would give you more bargaining power to attract a more competitive mortgage deal. You may want to pay more of your mortgage off but your current deal will not allow this, which may be a good reason to remortgage also. Or perhaps, quite simply you want to borrow more and this is not available from your current mortgage company.

Remortgaging is not the huge task that it was perceived to be many years. Remortgaging or switching mortgages is relatively straight forward now and finding the right mortgage product is less daunting than it used to be,. Many home owners are in good control of their finances and recognise that it can be a buyers market, so they are happy to remortgage a number of times throughout the duration of their property purchase, maximising lower interest rates and fixed term deals.

There are certain occasions when it perhaps doesnt make sense to remortgage. For example, if the outstanding mortgage is relatively low then the charges incurred in remortgaging may outweigh any savings that can be made. There are occasions when early settlement of a mortgage may incur charges. These need to be calculated to ensure that any potential saving made by remortgaging would we beneficial. Also, if your personal circumstances have changed, for example if one of you no longer works then the mortgage company would need to have evidence of income that may no longer exist. Better perhaps to stay put.

Whatever your remortgage requirements, get in touch and we can offer friendly impartial advice that most suits your current circumstances.

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