2011 New Information About Adverse Credit Remortgage
2011 New Information About 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. This put you at a disadvantage but it's certainly no obstacle; in recent years the mortgage market in the world has seen a steady increase in the number of adverse credit lenders; for the consumer, more competition means better rates. So whether you've had mortgage arrears, discharged bankrupt or any other hiccup in your credit history, you should be able to remortgage, at competitive rates too. Bad side 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 ra...