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Bad Debt Remortgage
- Published 11/29/2007
Get a bad debt remortgage quote
A ‘bad debt remortgage’ is another way of saying sub prime remortgage, ie a home loan for someone who already has a mortgage and some degree of adverse credit, or bad debt.
Rising house prices have meant that people have been able to raise more capital from the equity in their homes, and cheap credit has meant a proliferation of credit cards and personal loans. Often the sheer amount of these commitments can be difficult to manage and can mean missed payments.
Bad debt occurs when payments have been missed, maybe resulting in defaults, CCJs (County Court Judgements), IVAs (Individual Voluntary Arrangement), mortgage and secured loan arrears or bankruptcy. People particularly at risk are those who have high debt to income ratios: interest rate movements and changes in circumstance (like having working hours cut back, or having children) often can result in bad debt.
At The Mortgage Provider, we have arranged bad debt remortgages for our clients for over 10 years. We are independent, directly authorised and ‘whole of market’ so we have access to every bad debt remortgage in the UK. Leave your details below and we will search all of our bad debt remortgage lenders for the best possible deal for your circumstances.
A ‘bad debt remortgage’ is another way of saying sub prime remortgage, ie a home loan for someone who already has a mortgage and some degree of adverse credit, or bad debt.
Rising house prices have meant that people have been able to raise more capital from the equity in their homes, and cheap credit has meant a proliferation of credit cards and personal loans. Often the sheer amount of these commitments can be difficult to manage and can mean missed payments.
Bad debt occurs when payments have been missed, maybe resulting in defaults, CCJs (County Court Judgements), IVAs (Individual Voluntary Arrangement), mortgage and secured loan arrears or bankruptcy. People particularly at risk are those who have high debt to income ratios: interest rate movements and changes in circumstance (like having working hours cut back, or having children) often can result in bad debt.
At The Mortgage Provider, we have arranged bad debt remortgages for our clients for over 10 years. We are independent, directly authorised and ‘whole of market’ so we have access to every bad debt remortgage in the UK. Leave your details below and we will search all of our bad debt remortgage lenders for the best possible deal for your circumstances.