UK Bad Credit Remortgage Subprime Refinance 2022 Loan Broker Report Released

London-based Polar Mortgages (0203-129-4573) has released a well-researched report on how property owners with bad credit can remortgage and refinance their properties.

London,United Kingdom - October 10, 2022 /PressCable/ —

Polar Mortgages is a team of well-connected experts and brokers who specialise in the sub-prime mortgage market. The recent report educates prospective borrowers on evaluating their credit situation and guides them through a loan approval procedure with minimal risk of rejection.

For more information visit https://www.polarmortgages.co.uk

The report is a consumer advisory that highlights how working with Polar Mortgages can help applicants with poor credit qualify for a property loan. Applicants can fill out an online form following which the team at Polar Mortgages reviews the data and connects them with lenders who match their financial goals.

The London subprime remortgage broker does not charge any upfront fees and recommends remortgaging for kitchen remodels, loft conversions, and other home improvements.

Generally, when a client’s mortgage term nears its end, they can remortgage their purchase to avoid high variable rates set by their former lender.

Applying for a remortgage with an unfavourable credit score can be a circuitous process with a high likelihood of loan rejections. The Polar Mortgages report lists some of the crucial factors only known to industry insiders that cause remortgaging complications.

Once a home loan application is rejected, banks and lenders tend to reject any future applications because their automated assessment systems rely on historical data. Polar Mortgages specialises in finding lenders who are unlikely to reject an applicant solely based on their credit background.

The team works closely with sub-prime lenders and understands that they do not always follow a pre-set credit review method. They have their own credit-scoring system which determines the financial risk assessment for each applicant.

Their team has credit assessment experts who understand lending criteria and other factors that determine approval. Polar Mortgages lender panel includes the UK’s top lenders including Santander, RBS, Woolwich Mortgages, Halifax, Virgin Money, Britannia, Nationwide, Natwest, and Accord Mortgages.

According to a representative for Polar Mortgages, “The housing market fluctuates and as such, the value of your home can increase as well as decrease. When the valuation increases your loan-to-value ratio on your existing mortgage decreases. That means the total amount of equity you own, increases. Our advisors are well-versed in working with renovation remortgage situations and will be able to assist you.”

Interested parties can find more information by visiting https://www.polarmortgages.co.uk/remortgage-for-home-improvements

Contact Info:
Name: Neil Bryant
Email: Send Email
Organization: Polar Mortgages
Address: 71-75 Shelton Street West End, London, England WC2H 9JQ, United Kingdom
Phone: +44-20-3129-4573
Website: https://www.polarmortgages.co.uk/

Source: PressCable

Release ID: 89082881

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