Cashback Remortgages · Remortgaging
Remortgaging With Credit Problems
Credit problems do not automatically prevent a remortgage, but they narrow the lenders and rates available. What matters is the type, size and age of any issues.
What lenders consider
Missed payments, defaults or CCJs are weighed differently by different lenders, and older, smaller or satisfied issues are usually viewed more favourably. Your current income and equity also matter.
Check your credit files so you know what a lender will see.
Preparing to switch
Keep payments up to date, avoid new adverse markers and gather evidence explaining past issues. A specialist lender may consider a case a high-street lender declines, sometimes at a higher rate.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.