A Bad Debt Remortgage is designed for those with a bad credit history whom may have experienced financial problems in the past. You could have a bad credit rating due to mortgage arrears, missing payments to your unsecured debt or CCJs.
Having a bad credit rating doesn't mean that you should automatically get your loan application rejected. Loan Application offer Bad Debt Remortgages which are suitable for those who have had financial difficulties in the past. We will search through our panel of lenders to find a re-mortgage to suit your circumstances.
You could also use your Bad Debt Remortgage to consolidate all of your unsecured debt. This will leave you with just one convenient and manageable monthly repayment. As your remortgage will be secured against your property, you could also benefit from a much more competitive rate of interest and spread your bad debt remortgage over a longer period of time.
For more information you need to speak to our Loan Application Remortgage advisors, so please call free on 0800 980 4256.