Bad Credit Remortgage for CCJs and Arrears!
Do you need to remortgage because bad credit, CCJ’s or arrears are proving to be a problem?
Don’t worry - it may seem like an impossible task, but it really isn’t.
You may be surprised to learn there are numerous lenders willing to arrange a bad credit remortgage for you albeit a remortgage with other adverse credit problems such as CCJ’s, defaults and arrears.
The various applicable lenders tend to segregate the products available to you depending on the severity of the CCJ debt or arrears outstanding etc. For example one category is the ‘near prime’ which will allow CCJ’s up to the value of £1,000 and one mortgage arrear.
At the other end of the spectrum other categories exist such as ‘heavy adverse’. This category includes remortgage ccjs where the ccj’s debt can be as high as £10,000 and the number of mortgage arrears outstanding up to three.
However given the current financial market conditions these products are becoming fewer and fewer every day as lenders get cold feet lending to people with non perfect credit
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