Can You Remortgage with Bad Credit?

Yes, it’s possible. Whether you can remortgage depends on:

• The type of credit issues (e.g. missed payments, defaults, CCJs, IVAs, bankruptcy)
• How recent those issues are
• Whether they’ve been resolved or are ongoing

Every situation is different, so we’ll look at your individual circumstances to find the best route forward.

How to Remortgage with Bad Credit

The first step is reviewing your credit report. This helps us understand:

• What adverse credit is listed
• When it occurred
• Whether it’s been settled

From there, we can approach lenders who are open to working with applicants who have a history of bad credit.

Can You Be Declined for a Remortgage?

Yes, it can happen—especially if:

• You’ve missed mortgage or credit payments recently
• Your financial situation has changed significantly

But being declined by one lender doesn’t mean all options are off the table. We work with a wide range of lenders, including those who specialise in adverse credit cases.

Remortgaging After Bankruptcy, CCJs, IVAs or Defaults

You may still be eligible to remortgage even if you’ve experienced:

• Bankruptcy
• County Court Judgements (CCJs)
• Individual Voluntary Arrangements (IVAs)
• Defaults

Timing is key—lenders will look at how long ago these events occurred and whether they’ve been satisfied.

Remortgaging with a Debt Management Plan

Yes, you can remortgage while on a debt management plan, but most lenders will want to see that:

• You’ve been in the plan for at least 12 months
• You’ve kept up with the agreed payments

This shows financial stability and improves your chances of approval.

What Rates and Deals Are Available?

Rates depend on your equity—the difference between your mortgage balance and your property’s value. The more equity you have, the lower the risk to lenders, which can mean better deals.

Are There Lenders Who Accept Bad Credit?

Yes, many lenders will consider applicants with adverse credit. The key factors are:

• The type and severity of the credit issue
• How long ago it occurred
• Your current financial stability

We’ll match you with lenders most likely to accept your application.

Should You Improve Your Credit Before Remortgaging?

Improving your credit score is always a good idea—but timing matters. If your current mortgage deal is ending, you’ll move to your lender’s standard variable rate, which is usually much higher.

Waiting too long could cost you more in interest. A broker can help you decide whether to act now or wait and improve your score.

Tips to Improve Your Credit Score

• Make all payments on time
• Set up direct debits for regular bills
• Check your credit report for errors
• Register on the electoral roll
• Avoid taking on new debt before applying

How to Apply for a Remortgage with Bad Credit

Lenders will look closely at your application, so be prepared to provide:

• Bank statements
• Proof of income
• Details of your credit history

Working with a broker means you’ll have expert guidance through every step, helping you present your case clearly and confidently.

What If You Stay with Your Current Lender?

If you don’t need to borrow more or change your mortgage term, you might not need to switch lenders. A product transfer with your current lender could be an option—even with bad credit—if your payments are up to date.