Bad credit remortgages are still attainable through specialist providers.

Many home-owners looking for bad credit remortgages, often experience difficulty when trying to find a lender and a good re-mortgage deal.

As standard mortgage lending criteria tightens further this year it may become even more difficult to get a re-mortgage deal. However, in the niche bad credit mortgages market there are specialist lenders to turn to.

Home-owners are recommended to seek out a remortgage broker to help with their search. Here at Deal Direct we are familiar with different remortgage providers lending criteria and we are best placed to source you a competitive deal.

Bad credit remortgages are the way forward for those home-owners who have been made bankrupt and have arrears or defaults on other loans. For those applying for a bad credit remortgage it is important to be honest about debt levels and bankruptcy. Adverse credit mortgages are usually agreed at higher interest rates and often come with a prepayment penalty.

As with standard mortgages, bad credit remortgages come with various rate options, from fixed to tracker. A fixed rate will provide a level of security for the home-owner as the mortgage rate payable will remain at an agreed fixed level throughout the mortgage term.

A tracker remortgage rate is set at a level above the Bank of England base rate and it will follow the base rate for the duration of the deal. As this type of remortgage offers less security, a home-owner with adverse credit may be wise to search for a fixed rate deal which will offer greater long term financial control.

Deal Direct can help you get the best remortgage deal available in the UK today.

Fill in our enquiry form opposite or telephone 0800 048 8828.