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Remortgage with Bad Credit

Honest Mortgage Specialists

If you’re looking to remortgage with bad credit, Honest Mortgages can help. We specialise in supporting clients who need a bad credit remortgage or are considering a debt consolidation remortgage. Our access to specialist lenders means even with defaults, CCJs, or a low credit score, you still have options to secure a better deal with clear, transparent advice.

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Remortgage • Bad Credit

Remortgage with Bad Credit

Switch your deal, raise capital or tidy existing borrowing even with credit issues. We match you to lenders who look at the full picture and manage the process through to offer.

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

Who we help

  • Homeowners coming off a fixed rate
  • Borrowers with CCJs, defaults or missed payments
  • Self employed, contractors and complex income
  • Debt consolidation or capital raise needs

If your bank said no, we look at the why and target lenders whose criteria fit your circumstances.

What counts as bad credit for a remortgage

Each lender defines adverse differently. Common items include CCJs, defaults, missed payments on credit cards or loans, arrangements to pay, a debt management plan, IVA or past bankruptcy. The date, value and status of each event guide lender choice.

Your remortgage options with bad credit

Stay with your lender

A product transfer avoids full affordability checks with some lenders and can be faster. Not always the cheapest, but useful where recent adverse limits choice.

Move to a new lender

A full remortgage can unlock better pricing or higher borrowing. Most suited when conduct has improved and equity is stronger.

Part and part goals

We can combine objectives, for example rate reduction plus debt consolidation or capital raise for home improvements.

Indicative equity and eligibility

Credit position Typical maximum LTV Notes
Historic minor defaults or late payments, all satisfied Up to 85 percent Clean recent conduct helps
Recent default or CCJ in last 12 to 24 months Up to 75 to 80 percent Specialist lenders and clear rationale
Active DMP or IVA settled recently Up to 70 to 75 percent Evidence of payments and affordability checks
Bankruptcy discharged less than three years Up to 60 to 70 percent Smaller lender pool, strong stability required

Figures are indicative. Final terms depend on lender policy, equity, affordability and your documentation.

How lenders assess a bad credit remortgage

  1. Equity and LTV: more equity gives more lender choice and better pricing.
  2. Credit profile: type, value and date of any adverse and whether satisfied.
  3. Affordability: income, commitments and likely payment after consolidation if applicable.
  4. Conduct and stability: recent on time payments and clean bank statements.

Prepare ID, proof of address, payslips or SA302s, bank statements, mortgage statements and details of debts if consolidating.

Typical scenarios we can place

Debt consolidation

Roll expensive cards and loans into the mortgage with a clear plan and improved monthly cash flow.

  • Careful affordability and total cost review
  • Evidence of paid off debts required

Raise capital

Funds for home improvements, deposits for a purchase or sensible restructuring.

  • Strongest outcomes with lower LTV
  • Clear purpose helps approval

Stay and switch

Product transfer with your current lender when recent adverse limits external options.

  • Fastest route in many cases
  • We still benchmark the market

Our process

1) Listen

A quick call to confirm goals, timelines and credit history.

2) Search

We compare mainstream and specialist lenders for the best fit.

3) Support

We package the case and manage it through to offer with plain English updates.

Check your file across multiple agencies in one place. View your credit report.

Key risks to understand

  • Debt consolidation can increase the total amount payable if the term is extended
  • Early repayment charges and product fees may apply
  • Higher rates can apply with recent adverse
  • Always keep a buffer for valuation, legal and any other costs

FAQs Remortgage with Bad Credit

Can I remortgage if I had missed payments in the last year?
Yes in many cases. Lenders will check the number of missed payments, how recent they were and whether your account is now up to date.
Is a product transfer easier than a full remortgage?
Often yes. Staying with your lender can avoid full credit assessment, but we compare both routes to keep costs sensible.
Can I consolidate credit cards and loans into my mortgage?
Yes with the right lender and when the outcome is responsible. We will evidence debt clearance and show the new monthly position.
Do I need a minimum income?
Most lenders require some provable income. Employment, self employment or pension income are typical.
How much equity do I need with bad credit?
More equity gives more options. Many bad credit remortgages cap between 60 and 80 percent LTV depending on the credit events.
Will a DMP, IVA or bankruptcy stop me remortgaging?
Not always. Options are more limited while an arrangement is active. After discharge or settlement, choice improves with time and clean conduct.
How long does a bad credit remortgage take?
Two to four weeks is common once documents are ready. Complex credit or debt consolidation can take longer.
Can I raise capital for home improvements?
Yes with the right lender. A clear purpose and sensible borrowing level help approval.
What documents will I need?
ID, proof of address, payslips or SA302s, bank statements and your latest mortgage statement. We will confirm any extras for your case.
Why choose Honest Mortgages?
Clear advice, fee transparency and responsive updates. We specialise in cases that need careful lender selection.

Get your remortgage options

Tell us a little about your current mortgage, equity and credit history. We will set out what is realistic and the next steps.

Start now

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Related guides

Bad Credit Mortgages

Explore routes if you have defaults, CCJs or arrears.

Buy to Let with Bad Credit

Options for landlords whatever your credit history.

Shared Ownership Bad Credit

Part buy, part rent with imperfect credit.

Information on this page is for guidance only and does not constitute advice. Criteria and lending policies change. We will confirm the latest requirements for your case.

What Counts as 'Bad Credit'?

Bad credit can include:

  • County Court Judgements (CCJs)
  • Defaults or missed payments
  • Bankruptcy or IVAs
  • Debt Management Plans (DMPs)
  • Low credit score or no history

Every lender sees these differently — we’ll help you understand your position.

How We Can Help

  • Review your credit report and explain it in plain English
  • Assess affordability and deposit options
  • Find the right lender for your needs
  • Support you from start to finish

How to Improve Your Chances

  • Register to vote (important!)
  • Stay on top of repayments
  • Pause new credit applications
  • Save a larger deposit (15–20% if possible)

We’ll help build a realistic plan based on your situation.

Let’s Talk Honestly

We believe in honest advice — no judgment, no jargon. If you’re ready to explore your mortgage options, we’re here to help.

Get Started Today

Remortgage Options — Even with Bad Credit

Debt Consolidation

Roll credit cards and loans into one manageable mortgage payment — even if your credit history isn’t perfect.

Buy a Second Home

Need funding for a second property? We help find options for those with low scores or past missed payments.

Porting a Mortgage

Moving house but want to keep your existing deal? We can help with porting — even with adverse credit.

Divorce

Going through separation? We help people remortgage in their own name — even after credit issues or joint debt.

Home Improvements

Release equity to upgrade your home — kitchens, bathrooms, extensions — no matter your credit background.

Transfer to Family

Want to pass your home to a loved one or remove a name? We guide you through it — including with past credit issues.