Before You Remortgage

Part of getting ready for your bad credit remortgage is to take a close look at your credit reports. You should do this at least one month ahead of time. The reason for this is mistakes. Credit score reports often have mistakes: they’re not reporting payments you made, reporting open loans that you paid off or, worse, reporting delinquent loans you never had. 

The above are requirements for any mortgage and remortgage not just a bad credit remortgage. And though everyone should be ready from the beginning, bad credit remortgage borrowers are more affected if they’re not. If you have bad credit, variations in what’s required to remortgage (any new rule, a slight increase in interest rates) can make it impossible for you to remortgage. The readier you are, the faster you’re done.