What are L&C like for bad history remortgages?

ferry

Found some mixed reviews on here.
We're looking to remortgage in December and want to start looking now.
L&C initally stood out on the fees aspect but curious to know what they could be like dealing with complex cases as potentially ours is?

Any thoughts or feedback appreciated

chelseablue

We used them, my credit report is fine but my partner had a default from a few years ago.


We had no problems with them

ACG

I think it will depend on what you class as bad credit.
If its a default from 3 years ago for £200 on a mobile phone, I would expect that they can place this all day long.

If it is 6-7 defaults from 1-3 years ago for tens of thousands then I think you would be better off with a broker who specialises in adverse.

L&C are fee free for a reason, its a numbers game. I suspect their business model is more in favour of the straight forward cases.

ap1985

I used L&C for my mortgage and my credit rating was terrible! However, they managed to get me a mortgage when 2 other brokers told me to wait until next year. I would definitely recommend them!

Thrugelmir

ferry wrote: »

L&C initally stood out on the fees aspect but curious to know what they could be like dealing with complex cases as potentially ours is?

What's complex about your application?

ferry

Defaults recorded around 12 months ago so yes, believe I am looking at specialist advice.
Does this therefore not make me an L&C case would you think?

Thanks

sash_berry

Sorry could you please advise full name for L&C?

Thank you

ap1985

London and Country

ACG

I think L&C could do this, but I also think there is the potential for high street rates - although it does depend on the details. You may find its worth speaking to a broker who specialises in adverse. Paying their fee may save you money on your mortgage.