What is a remortgage with bad credit?

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.

What is the minimum credit score for a remortgage?

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.

Can I get a buy to let remortgage with bad credit?

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.

Can I remortgage with bad 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.

How does bad credit affect my ability to remortgage?

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.

What are the advantages of remortgaging with bad credit?

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.

What are the disadvantages of remortgaging with bad credit?

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.

Remortgage With Bad Credit in Manchester

Remortgage with bad credit in Manchester

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.

How to remortgage with bad credit in Manchester?

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 initial 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.

Types of Bad Credit Remortgage in Manchester

During your free initial 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.

Speak to an Advisor

Important information

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

There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.

Remortgage With Bad Credit in Manchester FAQs

Our Customers Love Us

4.96 Rating488 Reviews

Danielle

We can’t thank Malcom and his team enough for getting us on the property ladder. A year ago we didn’t think it was possible but they did everything they could to find us our mortgage. Thank you so much!

1 week ago

Sameer

Conor is always outstanding with his follow through and team is fantatsic. Always a joy to deal with. Cheers.

2 weeks ago

Danniela

The service was absolutely amazing. Lee was very easy to communicate with and very helpful.

3 weeks ago

Peter

The whole process went well and perfect

1 month ago

Albert

Excellent customer service provided experts who fully support their clients.

1 month ago

Alina

Matt and the team have been brilliant! Really knowledgeable, got everything sorted out so efficiently and quickly! Can't ask for better service! Will definitely be recommending to my friends!

1 month ago

Linda

We were offered a really poor mortgage deal by our own bank (despite banking with them for over 40 years), and their adviser didn’t seem to know how to help us. A colleague suggested trying a mortgage broker, so we searched online and found...

1 month ago

Frederick

Experience team, very helpful, understanding, patient, work as a team.

2 months ago

Helen

Debbie and Chris have been amazing. Keeping me informed every step of the way. Recommend UK Moneyman

2 months ago

Timothy

Great service from the start, will certainly use them again.

2 months ago

Habib

Really good service,Jason and Stacy were really good and made it easy

2 months ago

Bryn

Charlie was pleasant, thorough and efficient. In just half an hour he had explained several different options for my remortgage and we had come to an agreement on how to proceed. Such a great service!

3 months ago

Michael

The service was excellent with a personal advisor walking me through the process end to end, answering any questions I had throughout. Would highly recommend to anyone!

4 months ago

Dawn

Leo Shakespeare and Stacey Moss have been Fantastic throughout the process of getting our mortgage they have been in contact throughout explaining everything to us from start to finish we can not thank them both enough for helping with this process...

4 months ago

Deborah

Excellent and friendly customer services

5 months ago

Dr William

Charlie has been so helpful and very approachable. The whole team at ManchesterMoneyman have been great. Highly recommend to others!

5 months ago

John

Charlie was friendly, thorough and full of advice, which was great as a first time buyer. He was also very accommodating of my extra needs due to my loss of hearing, which is quite rare in my experience. I’d highly recommend Manchestermoneyman and...

5 months ago

Anonymous

Chris - our mortgage broker has been incredible throughout the process. Very pleased with the service offered and will be back when we need to remortgage.

5 months ago

Anonymous

We received a great service, no hassle for us, they worked quickly with initiative and secured a good product.

6 months ago

Mr.

We have used Manchester money man a few times now and always find them to provide us an excellent service. They offer all options and explain the pros and cons of each allowing us to make an informed decision. Could not recommend highly enough

6 months ago

Our Simple Remortgage Process

Free Initial Mortgage Appointment

Our mortgage advisors in Manchester will review your current mortgage terms, including the interest rate, remaining balance, and repayment schedule.

We Can Search 1000s of Remortgage Deals

Our team will search through thousands of remortgage products to find the most suitable remortgage deal for you.

Submit Your Remortgage Application

Once you have accepted the offer, your dedicated we will submit your full mortgage application and forward all supporting documents to the lender.

Protecting You and Your Mortgage

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.

Reasons to Choose us

Remortgage Review

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 initial remortgage appointment in Manchester and surrounding areas.

1000s of Remortgatge Deals

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.

Our Service

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 initial remortgage appointment with our trusted mortgage advisors in Manchester, simply get in touch with us today.

7 Days a Week

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.