Adverse Credit Remortgage

A remortgage is a way to release some equity from your home for any number of purposes. If you have adverse credit however, you might find it difficult to remortgage with a mainstream lender.Adverse credit may put you at a disadvantage but it's certainly no obstacle.
So whether you've had mortgage arrears, CCJ's, discharged bankrupt or IVA or any other hiccup in your credit history, you should be able to remortgage, at competitive rates too.


Potential pitfalls of a remortgage
To most people the home is the most treasured possession, therefore when considering a remortgage, you need to weigh up the pros and cons and work out whether it is the correct decision, it helps to know the potential pitfalls:

Early Repayment Charges
If your existing mortgage is a fixed, capped or discounted rate, there is a possibility that an early redemption charge will apply on the loan should.
Early repayment charges only apply within a given period of time e.g. 4years. Depending on your motive and/or the rates you get from the new lender, it might be feasible to pay the charge and remortgage your loan.http://www.breadmarket.co.uk/property/adverse-credit-remortgage.php