Poor Credit Remortgage UK

Poor credit remortgages are no different in principle to standard remortgages, but these remortgages are intended for people with a poor credit history. Sometimes referred to as a sub prime or non-status remortgage, a poor credit remortgage is designed to help people get on the property ladder if they have made mistakes in the past such as late mortgage payments.

Many high street mortgage and remortgage lenders will refuse to lend money to people with poor credit. Instead many sub-prime lenders now offer mortgages and remortgages for those with poor credit.

Poor credit remortgages are also referred to as;

Bad credit remortgages
Non status remortgages
Sub prime remortgages
Non standard remortgages
Poor credit remortgages
Credit impaired remortgages

Once you have obtained a poor credit mortgage or remortgage, if you keep to the mortgage lenders agreement and make your repayments on time, after three years your credit history may no longer be considered as "adverse". This may mean that you could remortgage to a regular mortgage product and enjoy significant savings on your mortgage payments.

Champion Financial Services are experts at placing mortgages for those with poor credit. Complete our online mortgage form and see how we can help. Alternatively, contact us now for further information.