Can You Remortgage With Bad Credit?

Yes, you can remortgage with bad credit in the UK. Specialist adverse credit lenders consider applications from homeowners with CCJs, defaults, IVAs, missed payments, and other credit issues. You'll typically need at least 15-25% equity. The amount you can borrow and the rates available depend on the type, severity, and age of your credit problems.

Learn more about bad credit mortgages in our detailed guide.

Learn more about ccj mortgages in our detailed guide.

Learn more about iva mortgages in our detailed guide.

Debt consolidation remortgage

Learn more about debt consolidation remortgage in our detailed guide.

Can I remortgage with a CCJ?

Yes, many specialist lenders offer remortgages to people with CCJs. Your options depend on when the CCJ was registered, whether it's satisfied, the amount, and your equity. Satisfied CCJs over 2 years old have more lender options. Recent or unsatisfied CCJs require more specialist lenders.

Will remortgaging affect my credit score?

The remortgage application involves a hard credit check, which may temporarily lower your score by a few points. However, successfully managing a new mortgage and making payments on time will help rebuild your credit over time. The long-term benefits often outweigh the short-term impact.

Can I remortgage to consolidate debt with bad credit?

Yes, debt consolidation remortgages are available with bad credit, though you'll need sufficient equity. Lenders will assess your total debt and ensure the new mortgage is affordable. Be aware that spreading short-term debt over a long mortgage term increases total interest paid.

What LTV can I get with bad credit remortgage?

Maximum LTV for bad credit remortgages is typically 75-85%, depending on the severity of credit issues. With minor issues or older problems, you may access up to 90% LTV. Severe recent issues may limit you to 60-70% LTV. More equity means better rates and more lender options.

How soon after credit problems can I remortgage?

You can apply immediately, but options improve over time. For CCJs/defaults: some lenders accept day 1, more options after 12-24 months. For IVA: limited options during, better 1-3 years after completion. For bankruptcy: typically 3-6 years after discharge depending on lender.

Quick Answer

Can I Remortgage With Bad Credit?

Last reviewed: December 2025

Reviewed by Jay Sabine – CeMAP Qualified – 29 years experience

Yes - specialist lenders offer remortgages for people with CCJs, defaults, IVAs, and other credit issues. You'll need equity in your property and the rates will be higher than standard deals.

Remortgaging with bad credit is possible through the UK's specialist lending market. While your current lender may not offer their best rates at renewal, or may decline entirely, specialist adverse credit lenders take a more nuanced view. They consider factors like how long ago the credit issues occurred, whether they're satisfied/settled, your current payment behaviour, and crucially, how much equity you have. The more equity you have, the lower the risk to the lender, and the better terms you'll access. Many homeowners with credit issues successfully remortgage to access better rates than their lender's standard variable rate, consolidate debts, or release equity.

Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.

Key Points

1Specialist lenders consider CCJs, defaults, IVAs, missed payments
2Equity level is key - typically need 15-25% minimum
3Rates higher than mainstream but often better than SVR
4Options improve as time passes since credit issues
5Can remortgage for rate, consolidation, or equity release
6Broker essential to navigate adverse credit lender criteria

Eligibility Criteria

Own property with sufficient equity (typically 15%+)
Meet affordability requirements on new mortgage
Credit issues documented and explainable
Current mortgage payments up to date (ideally 12+ months)
No current bankruptcy or debt relief order

Typical Timeframe

Bad credit remortgage applications typically take 4-8 weeks. If your current deal is ending, start the process 3-4 months early. Some specialist lenders manually underwrite, adding time. You can often get a decision in principle within 48 hours to understand your options.

Next Steps

1Check your credit reports for accuracy
2Calculate your current equity level
3Note when credit issues occurred and amounts
4Contact a specialist adverse credit broker
5Compare options before your current deal ends

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Can I Remortgage With Bad Credit?

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