Can I get a remortgage, as I have bad credit but no mortgage on my house worth £200,000?
Posted on 9 February 2014
Where can I get a remortgage as I have bad credit but no mortgage on my house worth £200,000?
Much of whether someone can obtain a mortgage if they have bad credit, really depends on exactly what their ‘bad credit’ consists of. The amount of bad credit, the circumstances around it, when it happened and if its satisfied or not, can all play a part in whether you can get a mortgage or not.
Typically the big high street lenders have a harsher view of bad credit, especially at the higher loan to values, and they work off of a computer based lending decision with very little or zero tolerance for anything resembling adverse credit. There are however some lenders who still manually underwrite cases and can judge a case on its individual merits and these may well be the type of lenders we would be looking at.
Before I can say whether this is something we can help you with, I'd need to know the following:-
How much are you looking to borrow ? What caused the adverse credit? What do you do for a living and how much do you earn? I would also need to see an up to date copy of your credit report, as I need to able to see what a lender would see.
Once I have the answers to the above and you have your credit file, I can then put you in touch with one of our consultants, who can then give you a better idea of what we can / can't do to help you.
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