People with a history of defaults, mortgage arrears , late payments, bankruptcy or County Court Judgments (CCj's) or bad credit are often described as having 'adverse credit'.
When somebody makes an application for a remortgage, the lender has the facility to search the person's credit file (sometimes called 'credit history') to help them to decide if they are likely to be able to repay the loan. People with adverse credit will appear to be a more risky lend but they can still apply and be confident they can get an adverse credit re-mortgage without much problem.
Individuals with an adverse credit history are often turned down for remortgages by many high street lenders as they are deemed to be of a higher risk than someone who does not have adverse credit.
The good news is that it should not prevent you from obtaining a remortgage at sensible rates and on acceptable terms. Our lenders understand your situation and are willing to lend to people with a less than perfect credit history.
We are specialists in providing remortgages regardless of your past or present problems, so don't delay and complete our online Fast Pass Application form now.