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A remortgage with bad credit in London can be challenging, but it’s not impossible with the right approach.
If you’re in this situation, the first step is to thoroughly understand your credit history by checking your credit report. This allows you to identify any issues that might be affecting your credit score, giving you the opportunity to address them before applying for a mortgage.
Our experienced team of mortgage advisors in London have been able to help many different types of customers with bad credit. Take advantage of our free remortgage review and get the help that you need today!
The remortgage with bad credit process starts with reviewing your financial situation, including your credit score and current mortgage.
As your mortgage broker in London, we are able to help you with this part of your process and go through your finances to find you the most appropriate deal for your scenario, ensuring that you understand all your options clearly before moving forward.
We’ll 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:
Seek expert mortgage advice in London to find out your remortgage with bad credit options.
A remortgage with bad credit in London involves replacing your current mortgage with a new one, despite having a less-than-perfect credit history.
Whether you’ve faced financial difficulties, missed payments, or have a low credit score, a remortgage can still be an option.
In London, where property values and mortgage requirements are often higher, lenders may be more cautious when offering remortgage deals to those with bad credit.
However, there are specialist lenders who understand that credit issues can arise for various reasons and are willing to consider your application.
Working with an experienced mortgage broker in London like us can help you find a suitable remortgage deal that meets your needs, even if your credit history isn’t ideal.
Securing a buy to let remortgage with bad credit in London is possible, though it comes with unique challenges.
London’s property market is highly competitive, and lenders may scrutinise your financial history more closely, especially if you have a poor credit rating.
However, some lenders specialise in buy to let remortgages for those with bad credit and are more flexible in their criteria. They may consider factors such as the location of your property, its rental income potential, and your overall financial circumstances.
While you might need to meet stricter conditions, such as providing a larger deposit or accepting a higher interest rate, remortgaging your buy to let in London with bad credit can still be achievable with the right guidance.
Yes, remortgaging with bad credit when you’re aged 50 or over in London is possible, though it can be more complicated.
Mortgage lenders typically take into account both your credit history and your age when assessing your application, as they need to ensure that you’ll be able to repay the mortgage within your remaining working years or from your retirement income.
If you have bad credit, some mainstream lenders might be more cautious, but there are specialist lenders who offer remortgages tailored to older borrowers with credit issues. It’s important to consider how the terms of the remortgage align with your financial situation and retirement plans, and working with a knowledgeable mortgage broker in London can help you find a suitable option.
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5.00 Rating15 Reviews
Anonymous
Charlie helped guide me through the process and answered all my questions. Would highly recommend London money man to everyone!
7 months ago
Anonymous
Ryan at London Moneyman made moving home with my mortgage easier. Thank you, 5 stars service.
7 months ago
Laura
I was nervous buying my first home but londonmoneyman were fab! Thank you for helping me 🙏
7 months ago
Jaycee
A+ service. communication was brilliant, helped me find a mortgage. Will definitely be back!
7 months ago
Tamra
Great company. Great service. Recommend 100%
7 months ago
Otto
thank you chloe for help with my mortgage iwill be back next time.
7 months ago
Tabby
Excellent service very helpful with my mortgage 😀
7 months ago
Seb
Very useful and efficient service. Thank you london money man!
7 months ago
Josie
Dinah and the team at London money man were super helpful with a remortgage on our family home. They got us through the process quickly and found me a much better deal than we were on. Thank you again, we'll be back in touch for our next...
7 months ago
Jeb
Great service from Kayleigh & Leo! Made it easy and stress free, thank you both for finding me a suitable product. I would not have got through this without their help.
7 months ago
Derek
Helped me and my partner on our remortgage. Molly was friendly and polite on the phoen and helped us throughout the process. Would reccomend 👍
7 months ago
Marina
Leoand Kayleigh were great during my process. He made everything stressfree for me as a first time buyer. Would definitely recommend to others going through the same process as it helped a lot. Thank you..Marina
7 months ago
James
Thank you Londonmoneyman. From my free mortgage appointment to completion I was kept in the loop. Jason was great and would definitely recommend.
7 months ago
Ruby
Tom and Louise were so helpful throughout the whole process. As First Time Buyers we were almost scared to start looking for a home but the team at Londonmoneyman put us at ease and now we have a lovely new home. Thanks for everything!
7 months ago
John
Amazing service from start to finish. Charlie, Megan and the application team were very helpful throughout, to help with any queries, and kept me up to date with the process at every stage. Couldn't recommend them enough!
2 years ago
Start with a free remortgage review, where our expert team will assess your current mortgage and financial situation.
We’ll discuss your goals and explore options that could save you money or better suit your needs.
We’ll search through thousands of remortgage deals from a wide range of lenders.
We want to ensure that you find the most competitive rates and terms available for your personal and financial situation.
Once you're happy to continue with the remortgage product that we've found you, we can move onto your remortgage application.
We’ll handle the entire application process on your behalf, guiding you through each step to ensure a smooth and timely submission.
After your remortgage is approved, we’ll help you secure the right protection for your mortgage and personal circumstances, offering peace of mind for the future.
We want to make sure that you have the protection in place to safeguard you and your mortgage.
We offer a free remortgage review for homeowners in London. Our experts will carefully analyse your current mortgage and financial situation, providing personalised advice tailored to your circumstances.
Book your free remortgage review online and start your remortgage process today!
With access to 1000s of remortgage deals from a vast network of lenders, we do the hard work of finding the most competitive rates and terms available to your unique situation.
We work with a mix of both high street and specialist lenders, allowing us to access a variety of remortgage products.
We pride ourselves on delivering a seamless, hassle-free remortgaging experience from start to finish.
Our mortgage advisors in London will be with you every step of the way, offering expert guidance, handling all the paperwork, and ensuring that the process is as smooth and stress-free as possible.
We’re committed to making your remortgage journey straightforward and successful.
We understand that your schedule may not fit the typical 9 to 5, which is why we’re available 7 days a week to assist you.
Whether you need advice on a weekend or want to speak with us on an evening - it's completely up to you!
If you’re looking to manage multiple debts more effectively, remortgaging to release equity in London can be a smart move.
By consolidating your debts into a single mortgage payment, you may be able to reduce your overall monthly outgoings and simplify your finances.
This approach allows you to take advantage of potentially lower interest rates compared to unsecured loans, helping you regain control over your financial situation.
Improving your home can increase its value and improve your quality of life, and remortgaging to release equity in London is a popular way to fund these projects.
Whether you’re planning a kitchen remodel, an extension, or simply updating the interior, using the equity in your property allows you to invest in your home without dipping into savings.
Given London’s competitive property market, making strategic improvements can also boost your home’s resale value, making this a potentially profitable investment in the long run.
As you approach retirement, supplementing your income can be crucial to maintaining your current lifestyle.
Remortgaging to release equity in London can provide a financial cushion, giving you access to funds without needing to sell your property.
This option allows you to enjoy your retirement with greater financial freedom, whether that’s through additional income, funding long-term plans or supporting family members.
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Londonmoneyman.com & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Londonmoneyman.com & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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