- Can I Get A Mortgage or Remortgage With My Credit Rating - First Choice Finance
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Can I Get A Mortgage or Remortgage With My Credit Rating

Can I Get A Mortgage or Remortgage With My Credit Rating

Problems Securing A Mortgage With Bad Credit?
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First Choice Finance Adverse Mortgage Plans
25 Years Finding Mortgages For People With Bad Credit.


Over the last 25 years we have seen that many people suffering with a bad credit history have found it difficult and frustrating finding a mortgage. So here at First Choice Finance we offer expert help and advice offering mortgages and remortgages for people who may have a bad credit history. Giving our customers the ability to see a large selection of mortgage providers, many of which are specialist lenders not available directly on the high street as they do not have branches. Due to our knowledge and market awareness we are often able to help where others have not been able to.

As one of the UK`s long standing mortgage brokers when you choose us to enquire for a new mortgage or remortgage your application will be reviewed by one of our mortgage advisers who has intimate knowledge of the plans available from our extensive panel of mortgage lenders, your qualified mortgage adviser will discuss your needs and requirements to ensure we find the best mortgage plan available from our panel of lenders. Call 0800 298 3000 from a landline, or 0333 003 1505 and have a brief confidential chat with our in house finance team to see what plans we have for you. Our mortgage advisers are friendly and professional and will be happy to answer any questions you may have, all quotes are free and you will be under no obligation or pressure to accept any mortgage offers we provide you.

What is a bad credit rating

Each mortgage provider offer a selection of plans all having different criteria considered when looking at mortgage applications, our advisers are extremely knowledgeable on the different plans offered and can match your circumstances with a plan best suited to you.

Some of the factors considered by lenders include

  • Missed mortgage payments
  • Missed payments on loans, credit cards or other finance
  • Short amount of time employment
  • Not on electoral role
  • Outstanding finance and debts

If you meet any of the criteria this could impact on the availability of mortgages, First Choice Finance give you access to the mortgage plans that are tailored for people who may have a less than perfect credit rating,

Using a mortgage to consolidate your debts

If you have outstanding debts then even if you have missed payments we could help you rearrange your existing credit by combining your loans, credit cards, store cards and other finance into your mortgage. Debt consolidation can be used to reduce your monthly outgoings by extending the term of your finance, it is important to remember that if you extend the length of your mortgage then you may end up paying back more over the term, please feel free to use our mortgage repayment calculator or our debt consolidation calculator to see what your payments will be in a number of different circumstances, alternatively feel free to call and speak to one of our mortgage advisers who will be happy to discuss the different plans and options available.

Remortgage Broker

First Choice Finance are a leading mortgage broker who are experts in finding mortgages for bad credit, your enquiry will be seen by a fully qualified mortgage adviser who will search to find a plan that best suits your circumstances, giving you access to mortgage providers with specialist plans tailored to help people with bad credit, we could help even if you have missed payments on your existing mortgage, loans, credit cards or other outstanding finance. As a mortgage broker we will help you throughout the mortgage process, from finding a mortgage plan to processing the mortgage, until the mortgage has been completed and you receive your funds.

Remortgage with bad credit

Video transcript

When you need to secure a new home loan deal, you may find that it can be difficult if your credit record isn't perfect, but First Choice Finance is on hand to help you to remortgage with bad credit.

Everyone will need to remortgage at some point – once your initial term has run out, you'll be placed on your current lender's standard variable rate, which probably won't work out as the best deal for you, so you'll need to go looking for a better one.

You may also try to remortgage in the middle of your existing deal as you try to find a better rate. Just consider the fact that you may need to pay a break fee if you choose this course of action, so that needs to be factored in when you make your decision.

As if it isn't difficult enough, trying to remortgage with bad credit throws up more issues to consider as it can reduce your options as lenders may be less willing to offer you favourable rates if you've struggled to pay back what you owed previously.

Fortunately, First Choice Finance is on hand. We're a broker, so we have access to the whole of the market, including products that are intended for people who are in your situation. That means we can identify a deal that will work for you.

So if you want to remortgage with bad credit, visit firstchoicefinance.co.uk, call 0333 003 1505 from a mobile or 0800 298 3000 from a mobile and we'll be more than happy to help.

Mortgages & Remortgages
4.5% APRC
Representative Example: Borrow £80,000 over 25 years At 4.6% Variable, £461.95 for 300 months.
Total Payable £138,585. Total Cost Of Credit £58,585 (incl £1360 fee)
Security is required on immovable property.

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home

First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014-2018.

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