Poor Credit Remortgages

Poor credit, also referred to as adverse or bad credit, can result from a number of past mistakes.

Missing a loan payment, being declared bankrupt, or a late payment on a gas bill that seemed insignificant at the time can be recorded on your credit record, and could affect your chances of being accepted when applying for a mortgage in the future.

High rates of interest are charged to any borrowers who are classed as high-risk, and with the recent 'credit-crunch' many lenders are enforcing stricter lending criteria, meaning many borrowers with poor credit are finding it increasingly difficult to source the funding they need.

How can we help?

Even if you suffer from poor credit, we’re confident we can reduce your monthly outgoings and release some of the cash stored in your property. As a whole market mortgage broker we will scour the lender market to find the best deals and lowest rates for your circumstances.

Remember, The More Group can regularly obtain mortgages for clients at an overall cost for comparison of 6.8% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

Also, always take note of the Financial Services Authority warning: Your home may be at risk if you do not keep up repayments on your mortgage