Remortgage & adverse credit

Your credit history shouldn't trap you on a standard rate

If your fixed deal has ended, you're probably on your lender's standard variable rate, usually the most expensive way to hold a mortgage. Our advisers specialise in finding out whether another lender will take you on. Finding out costs you nothing.

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See whether a cheaper deal is available to you
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Advisers who work with CCJs, defaults and IVAs
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Free to use, and no obligation to switch

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Why people remortgage

What a remortgage can actually change

None of these are guaranteed. They depend on your equity, your income and what lenders will offer someone with your credit file, which is exactly what an adviser checks before you apply.

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Cut your monthly payment

If your deal has ended or your circumstances have improved, another lender may offer a lower rate than the one you're on.

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Fix your rate and know your payments

A fixed rate sets your payment for a set period, so a change in rates doesn't change what leaves your account.

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Release equity

If your home has gone up in value, you may be able to access some of that without selling.

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Fund home improvements

Borrowing more against the property often costs less than a personal loan or a credit card.

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Add or remove a name

After a separation, a bereavement or a change in who pays, a remortgage moves the borrowing into the right names.

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Clear other debts

Consolidating unsecured debts into your mortgage can lower monthly outgoings, though it usually costs more across the full term. Think carefully before securing other debts against your home.

Adverse credit remortgages

Why your mortgage payment history counts for most

Remortgaging with a CCJ, default or IVA is assessed differently to a first purchase. Your existing mortgage is the strongest thing on your file: every payment made on time says you can handle a secured debt, and specialist lenders weigh that heavily. Which credit issue sits behind the application still changes the answer, so each one has its own guide.

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How long ago the issue was, and whether it's settled
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Paying your current mortgage on time, the strongest signal you can give a lender
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Your loan to value. More equity opens up more lenders
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That the first enquiry is a soft search, which only you can see

Guides for CCJs, defaults, IVAs and bankruptcy

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What it costs

The costs of a remortgage, plainly

A remortgage can carry four charges. Some are avoidable, some are covered by the lender, and none of them should be a surprise. Your adviser has to set out in writing what you'll pay before you're committed.

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Arrangement fee

Charged by the lender to set the mortgage up. Some deals have none, and a fee can sometimes be added to the loan instead of paid upfront.

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Valuation

The lender usually needs a valuation of the property. Many deals include it free, and it isn't the same as a full survey.

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Legal work

Remortgages still need a solicitor or conveyancer. Some lenders cover the cost, or you can use the one you already have.

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Adviser fee

Some advisers charge for their work. If yours does, the amount is agreed with you in writing before anything goes ahead.

Trust & regulation

Before you hand over your details

A remortgage means sharing a lot of personal information. Here's the framework that protects you, and the standard the adviser on the other end has to meet.

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Authorised and regulated

Every adviser we introduce you to is authorised and regulated by the Financial Conduct Authority, and holds the permissions needed to give mortgage advice. We do not give advice ourselves: our role is to introduce you to an adviser who can.

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You pay nothing for the introduction

There's no fee for being matched and none for the advice itself. If your adviser charges for their work, the amount has to be agreed with you in writing before anything goes ahead.

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Your details go to the adviser who can help

We are paid by the adviser we introduce you to. Your enquiry goes to one adviser only, not a panel and not a mailing list, and is handled under UK data protection law.

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There's a formal route to complain

If something goes wrong you can complain to the adviser's firm and, if it isn't resolved, take it to the Financial Ombudsman Service. That's what regulated advice gives you.

No cost, no obligation

See what your remortgage could look like

Two minutes of questions and an adviser will tell you what's realistic with your credit history, whether or not you go on to apply.

Get my free quote

Common questions

What people ask before they switch

The practical things that come up most: costs, timing and credit searches.

Often, yes. Lenders look at how long ago it was, whether it's settled, and how much equity you have, and a clean run of payments on your current mortgage counts strongly in your favour. An adviser can tell you which lenders will consider your case before you apply to any of them.

Most lenders let you lock in a new deal up to six months before your current one ends, so it's worth looking early rather than waiting to see what happens to rates.

If you're still inside your current deal's tie-in period, your lender can charge a percentage of the balance to leave early. Your adviser checks this first, because it can wipe out the benefit of switching. Sometimes the honest answer is to wait a few months.

The first enquiry is a soft search, which only you can see. A full search happens when you apply, and it's normal for that to show on your file for a short period.

A change in income, a move to self-employment or a new baby all affect what lenders will offer. Tell your adviser what's changed, because it changes which lenders are worth approaching rather than whether it's possible.

Yes, subject to affordability and how much equity you have. Your adviser will tell you what a lender is likely to lend before you apply, so you're not relying on a guess.

Most remortgages complete in weeks rather than months, and there's usually no chain and no need for a full survey. If you're switching early to beat a rate change, say so, because timing matters.

Want to know what your options are?

Send the form and an adviser will check your current deal against what else is available.

Get my free quote

Free, with no obligation

See whether you could be paying less

Fill in the form and an adviser specialising in adverse credit will check your current deal against the market, and tell you straight if switching isn't worth it yet.

Important information

Your home may be repossessed if you do not keep up repayments on your mortgage.

Adverse Credit Mortgages is a mortgage introduction service operated by Charlotte Wood, Stourbridge, DY8 5TF. We do not give mortgage advice and we are not authorised to do so.

Any advice you receive comes from advisers authorised and regulated by the Financial Conduct Authority.
We may be paid by the adviser we introduce you to, and your enquiry is sold to that one adviser only. The service costs you nothing, and you are under no obligation to proceed with any adviser or any mortgage.
If you are unhappy with the advice you receive, raise it with your adviser's firm first. If it is not resolved, you can complain to the Financial Ombudsman Service at financial-ombudsman.org.uk.
We are registered with the Information Commissioner's Office under registration number ZC278418.