Need to Remortgage? But have a CCJ?
If you’ve been refused by your current lender to remortgage your home, don’t panic. There are a number of reasons why your application might have been declined. We can help you to get to the bottom of it. Lenders can refuse your application for a whole host of different reasons.
To reduce the risk of being refused a mortgage for the second time, it’s a good idea to get advice from a mortgage broker (like us). We have access to a huge selection of lenders, and we know which lenders are most likely to offer a mortgage to fit your circumstances, even if your credit history is less clean and more colourful.
It is important to remember that some “blotches” on your credit report carry more weight than others. Lenders are more likely to be lenient if you missed a bill payment a couple of years ago, with a good explanation. Luckily, each lender has different criteria for assessing your credit score. In fact, you might be pleased to know that some lenders don’t actually credit score at all.
This means that even if your current mortgage provider may not offer you a new rate, another lender out there might. It’s all about finding the right lender for you.
Even better, we search the market to find the best possible deals and rates to suit your situation. We’ll even handle the remortgaging process for you, so you won’t need to spend your time and energy filling in complicated paperwork and liaising with lenders.