SPECIALIST ADVERSE CREDIT MORTGAGE ADVICE
Worried your credit history could affect your mortgage? Our specialist advisers can help you understand your options.
145+ Reviews
Question 1 of 3
Choose the option that best fits your situation.
An approximate answer is absolutely fine.
This helps the team understand where you are in the process.
Tell us how to get in touch and one of the team can pick this up with you.
Remortgaging with bad credit is often possible, particularly when you have meaningful equity in your home. High street lenders may decline you at renewal, and product transfers with your existing lender can also come back with a poor rate or a no. Specialist lenders regularly consider remortgages where the client has CCJs, defaults, missed payments, an IVA or historic arrears. What may be possible depends on your equity, how recent the credit issues are, your income and how you have managed the current mortgage.
A remortgage with bad credit is not a niche case. It is one of the most common things we help homeowners with, especially when a fixed rate is ending and the high street has softened its criteria since the original mortgage was taken out.
Being on your lender’s Standard Variable Rate for months while you work out what to do costs real money. We can review the whole market including specialist lenders and tell you honestly what looks achievable, then place the case with the lender whose criteria fit your situation.
We talk through your situation and goals. No obligation, no credit mark.
We assess the specifics and everything else lenders will want to know.
We target the specialist lenders whose criteria fit your case.
We package the case, submit it and guide you through to offer.
Adverse credit mortgages are not a sideline for us. Cases involving CCJs, defaults, IVAs, DMPs and bankruptcy discharges are a core part of what we do, and we have helped thousands of clients through them.
You will work with qualified, named advisors who explain things honestly, including when the timing is not yet right. We would rather give you a straight answer than send you towards a rejection.
In many cases, yes. Specialist lenders regularly consider remortgages where the client has CCJs, defaults, missed payments or historic arrears. Equity and clean recent conduct both help. Acceptance can never be guaranteed but a broker-led case placement gives you the best chance.
Current arrears narrow the market significantly, but it may still be possible with specialist lenders in some cases, particularly where the arrears are small and there is a clear plan to bring the account up to date. Historic arrears (over 12 months old and now clear) are more straightforward.
Rates on specialist mortgages sit a little higher than mainstream products because lenders price for the additional risk. The gap narrows as your adverse credit ages and your recent conduct stays clean. Many clients remortgage again 2 to 3 years later onto a better rate.
Sometimes, yes. Product transfers rarely credit check heavily, so they can be a good option when adverse credit is limiting your market. That said, the rate offered by your existing lender may not be competitive. We often compare a product transfer against a specialist remortgage to show you which works out better.
Yes, in many cases. Capital raising for home improvements is widely accepted by specialist lenders. Raising for debt consolidation is more restrictive but still possible. The purpose of the funds affects lender choice.
There is no minimum, but more equity means more lender options and typically better rates. Below 15% equity, options narrow. Above 25% equity, choice opens up considerably.
No. An initial conversation and a look at your situation is a soft enquiry and leaves no mark on your credit file. A hard search only happens later, with your permission, when you formally apply to a specific lender.
Our office is in Nottingham, at Park Lane Business Centre, NG6 0DW. You do not need to visit. We help remortgage clients right across the UK by phone, email and video.
A short, free conversation is the quickest way to find out where you stand. No pressure, no jargon, and no mark on your credit file.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
My Mortgage Specialist Ltd is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 1002905, an Appointed Representative of TMG Direct Limited (FRN 786245) which is authorised and regulated by the Financial Conduct Authority. The guidance contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Some types of buy to let mortgages are not regulated by the Financial Conduct Authority. As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments.
