Commonly asked questions about bad credit remortgages
There are a number of questions to ask when deciding whether a bad credit remortgage is the right path to take for your situation. Find out more below.
How long are the repayment terms?
We offer repayment terms ranging from three to 30 years, meaning you can choose the right product for you and your situation. What you decide is entirely dependent on your circumstances. Our knowledgeable team will be able to help guide you through the process.
Do I need a valuation?
Yes, we will need to arrange a valuation on your property to discover its current worth. Once we have this figure, we’ll then have a better idea of how much you will be able to borrow. This valuation figure then means you can search for an affordable deal from our range of lenders.
What are the interest rates?
Interest rates from bad credit mortgage lenders may be higher than those for borrowers who have good credit scores. The interest rate you’re offered will depend entirely on your financial situation. Rates begin at 1.38%, and the flexibility of choice from our panel of lenders means you'll be able to find the most suitable rates possible.
Are there any loan fees?
We obtain our commission from the lender, not the customer, as we're a broker and not a bank. We don't charge broker fees on unsecured loans. We may charge a broker fee of 7.5% of the original loan amount, but that’s always capped at £2,000.