Alexander Hall Mortgages Credit problems Bad credit loans
Rather than taking out a bad credit loan you may be better to raise the money you require by remortgaging.
If the valuation of your property is greater than the outstanding mortgage, you can release equity by moving to a bad credit mortgage. In this way you are just increasing your mortgage rather than taking out a separate 'bad credit loan' secured on your property.
Non-conforming, sub-prime or bad credit mortgages are becoming common in today's mortgage environment and many of the mortgage lenders are now offering very competitive mortgage products to cater for this growing market.
Find out how much you can borrow with bad credit
The overall cost for comparison is 7.3% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
At Alexander Hall, we will endeavour to help, whatever your financial circumstances. We have a dedicated 'bad credit mortgages' team with specialist knowledge on providing mortgage solutions for clients that don't typically fit the traditional lender's criteria.
Our expert advisers take you through the steps to repair and improve your bad credit rating and will support you through the bad credit mortgage process providing you with first-class, independent mortgage advice on all the options available, whatever your situation; first-time buyer, home mover, remortgaging, buy-to-let or right to buy.
We will endeavour to help whatever the circumstances of your bad credit rating, including (but not limited to):
Find out how much you can borrow with bad credit