Q: - How much can I borrow?
Ans: - Generally you are allowed to borrow up to £ 1 million. But the property value determines your loan amount. For a quick estimate you can use the borrowing calculator also.
Q: - Do I need to be a home owner?
Ans: - Yes! It’s a secured loan against your house or any other property. So being a property owner is the precondition of a remortgage.
Q: - How long the repayment term will be granted?
Ans: - The usual repayment term in remortgage is 15 to 20 years. According to your financial status we grant you the repayment period.
Q: - What can I use the money for?
Ans: - you can use the amount for home improvement, to purchase a car, wedding, education or for any other personal purpose.
Q- Are the Bad credit holders eligible for a remortgage?
Ans: - Bad credit is not a problem at all. Rather at Bad Credit Remortgage Loans, we have special provisions for CCJs, bankruptcy, mortgage arrears etc.
Q- How long does the remortgage takes to get approved?
Ans: - Well! It’s totally up to you. The faster you produce the asked documents, sooner your application for remortgage gets approved. If you cooperate then, we can approve your application within 24 hours.
Q- What information will you need to complete my remortgage application?
Ans: - We ask you to provide information in details about your previous mortgage deal through our online process. You are also required to give some of your financial details regarding your credit status as well.