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Having bad credit doesn’t mean it’s impossible to remortgage. We work with a large panel of mortgage lenders, on and off the high street, who lending criteria aims towards those looking to remortgage with bad credit in Manchester.
As a trusted mortgage broker in Manchester we have helped hundreds of people with low credit scores in remortgaging their homes for a variety of purposes. These reasons include, to get a new fixed rate deal, raise capital, to repay debts, and to fund home improvements.
Many clients often attempt other avenues before reaching out to us. Be careful when doing so, as multiple mortgage searches on your credit report can potentially lower your score further!
One of the key advantages of choosing us is that we offer a free remortgage appointment around Manchester and surrounding areas for mortgage advice in Manchester. It typically lasts about 25 minutes, during which we’ll explore all available options tailored to you.
If you haven’t got an up-to-date copy of your credit file, click here as this is a great one to use as it searches all 4 of the credit reference agencies and it’s a free trial.
During your free appointment, our mortgage advisors in Manchester will need to look at your individual situation and find the best remortgage for you, don’t worry as it is likely that we’ll be able to help with most types of bad credit.
Examples of bad credit include a remortgage with a CCJ (county court judgement), a DMP (debt management plan), a default, missed or late payments, an IVA (individual voluntary agreement) or even a bankruptcy.
Speak with one of our mortgage advisors in Manchester today to find out your remortgage with bad credit options.
A remortgage with bad credit involves switching your current mortgage to a new one, typically with a different lender, despite having a poor credit history. This can be a way to secure better terms or release equity in your property despite credit challenges.
There isn’t a fixed minimum credit score for a remortgage as it varies between lenders. Generally, a higher credit score improves your chances of approval and favorable terms, but some lenders specialise in working with borrowers with lower credit scores.
It’s possible, but it might be more challenging. Some lenders may have stricter criteria for buy to let mortgages, especially regarding credit history. However, there are specialist lenders who may consider applications from landlords with adverse credit.
Yes, you can remortgage with bad credit, but it might be more difficult and you may have fewer options compared to someone with good credit. Specialist lenders exist who cater to individuals with adverse credit.
Bad credit can make it harder to remortgage as it indicates a higher risk to lenders. You may have fewer options available, and those that are available may come with higher interest rates or less favorable terms.
Remortgaging with bad credit can help consolidate debts, reduce monthly payments, release equity, or improve overall financial management. It can also provide an opportunity to improve credit over time with timely payments.
Disadvantages may include higher interest rates, fees, or stricter terms. Additionally, if you’re unable to keep up with payments, it could further damage your credit and put your home at risk of repossession.
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4.96 Rating448 Reviews
Jiri
Leo from Manchester Moneyman was very helpful and efficient in securing us a mortgage on much better terms than our bank could offer. Thank you!
3 weeks ago
Olusola
The process has been stress free from the start to the end. The team has been helpful. I will definitely recommend Manchester Moneyman to people.
3 weeks ago
John
We've used UK Moneyman for two house purchases and remortgaging our current home. The team are unfailingly professional and lovely to work with. I'd recommend them to anyone in need of an excellent mortgage broker.
1 month ago
Alanya-Lee
As first time buyers, we needed all the support and guidance we could get. Tom was fabulous, honest and genuinely had our best interest at heart. He answered all of my silly questions and was always a phone call away.
1 month ago
Chiara
Worked with Malcolm and Debbie! Couldn’t recommend them enough. Thankyou for all your help!
1 month ago
Marco
Leo went above and beyond to provide all the information and assistance I needed to secure my dream property. Very friendly and professional. Highly recommended!
2 months ago
Stephanie
Originally took mortgage out 5 years ago and have just re-mortgaged with them. As this was a product transfer and I was a returning customer this was a no charge for this service. Can’t ask for better than that. All paperwork done by them and I...
2 months ago
Chris
Amazing service from start to finish!
2 months ago
Paul
Malcolm was very helpful and efficient.. definitely would recommend their services.
3 months ago
Amy
The whole team was super friendly and helpful, spent a lot of time navigating my challenging circumstances, and got me a better rate than I ever expected.
3 months ago
Alan
The team are extremely efficient and professional and always willing to help. Especially Paula. I’d have no hesitation to recommend them to my friends and family.
3 months ago
Mr Danny
Contacted by Charlie who has been absolutely fantastic. Answered all our questions and helped us find the right mortgage for us as well as finding home insurance and survey quotes. Would definitely recommend.
3 months ago
Elina
I can say only good things about this company. Our broker Matt Collinson is the best advisor we could have as a first time buyers. He kept us updated all the time, explained all the processes, he was on top of everything at all times. I definetely...
4 months ago
David
Manchestermoneyman was recommeded to me via my bank. I found the service excellent. They were efficient, quick, and guided me through the muddy waters of raising finance against the equity in my property. In particular, Dan gave me a feeling of...
4 months ago
Anonymous
Comprehensive, friendly and efficient service from start to finish, thank you Tom and team!
4 months ago
Anonymous
Excellent company to use. Transparent and fast communication. Did their part professionally and quickly. Thank you Tom and Debbie.
4 months ago
Julie
Fast and efficient and a friendly helpful service. Responded quickly to any queries or advice we needed.
4 months ago
Anonymous
UK MoneyMan was great. Our mortgage advisor was attentative and we had good communication throughout and in timely manner. As first time buyers, we benefited from all their professional advice.
4 months ago
Christopher
Excellent service. Professional and courtesy on the phone. Recommend highly.
4 months ago
James
We selected MoneyMan because they were with us throughout the whole process of buying a house. As first time buyers it can be daunting with an overload of new information, however, our mortgage advisor was easily accessible and flexible and was able...
5 months ago
Our mortgage advisors in Manchester will review your current mortgage terms, including the interest rate, remaining balance, and repayment schedule.
Our team will search through thousands of remortgage products to find the most suitable remortgage deal for you.
Once you have accepted the offer, your dedicated we will submit your full mortgage application and forward all supporting documents to the lender.
We will also contact you when your next remortgage in Manchester is due for renewal, ensuring you are on the most suitable mortgage deal and insurance products.
We are a team of dedicated and hard-working professionals who are committed to helping our customers find the most suitable mortgage deal for their unique situation. One of the key advantages of choosing us is that we offer a free remortgage appointment in Manchester and surrounding areas.
With access to 1000s of specialist and unique mortgage products, we have the ability to find the most suitable mortgage deal that matches your individual needs and circumstances. We take pride in providing fast and friendly mortgage advice in Manchester, and we are committed to helping our customers achieve their property goals.
We strive to provide the highest levels of customer satisfaction, and we are always looking for ways to improve our services and exceed our customers’ expectations. To schedule a free remortgage appointment with our trusted mortgage advisors in Manchester, simply get in touch with us today.
Our team of mortgage advisors in Manchester are available 7 days a week, from early mornings until late at night, and we offer bookable appointments that can be scheduled at a time that works for you – whether that’s during your personal or professional life.
Remortgaging with a CCJ is possible, but it may be challenging. A County Court Judgement indicates a history of missed payments or defaulted debts, which can make lenders hesitant. However, specialist lenders exist who may consider applications from individuals with CCJs, especially if the CCJ is satisfied or if there are mitigating circumstances.
Remortgaging with a default, similar to a CCJ, is feasible but may present challenges. Defaults on your credit file indicate a history of missed payments or financial difficulties, which can affect your eligibility for a remortgage. Specialist lenders who specialise in adverse credit may offer solutions, although terms and rates may be less favorable.
Remortgaging with a Debt Management Plan (DMP) is possible, but it may be more complicated. Lenders typically assess the affordability and stability of your financial situation when considering a remortgage. While being on a DMP shows proactive steps to manage debts, lenders may look at your credit history and require additional documentation to assess the risk.
Remortgaging with missed payments on your credit file is possible, but it depends on the severity and frequency of the missed payments. Lenders may overlook isolated missed payments, especially if there are valid explanations, but frequent or recent missed payments can signal financial instability, making it harder to secure a remortgage.
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Manchestermoneyman.com & Manchestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Manchester, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Manchestermoneyman.com & Manchestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Manchester, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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