Remortgaging, when you have adverse credit, can be more straightforward compared to a purchase. Though only if you did not miss or default on a mortgage payment.
Your current lender may offer a product switch, allowing you to escape the lenders Standard Variable Rate (SVR). Not all lenders give such allowances.
Other lenders can view you as a good mortgage borrower even though, for example, you missed a mobile phone payment.
There are more options available for like-for-like remortgaging. Compared to if you want to release monies. Though there are 2nd charge lenders available too for that.
Copyright © 2019 Bespoke Finance Direct Limited. All Rights Reserved.
Bespoke Finance Direct Limited is authorised and regulated by the Financial Conduct Authority (No. 715805).
Bespoke Finance Direct Limited is registered in England and Wales (No. 09623432) at 31 Church Lane, Pudsey, LS28 7LD.