Remortgage - bad credit but home owned outright

JTD91

Hi all, so I'm looking for some advice around remorgaging - the basis jist of things is given away in the title!

I inherited the house about 10 years ago, and decided to rent the house for a few years to clear the outstanding mortgage for obvious reasons. Anyway, I've been here for a few years now and there's a fair bit of work id like done to the house so would like to remortgage for roughly £50k, the house is worth roughly £200k. My credit rating isby that great, not very poor but I wouldn't consider it "good." Does anyone know if there are specialist brokers/mortgage providers for this situation, and also whether owning my home outright and hav8ng 100% equity will stand me in any form of good sted?

It would be a joint application, my partners credit score is better than mine, probably bordering average to good.

Any advice will be very much appreciated!

Thanks,
J

ACG

You do not say what bad credit you have or when it was from, but at 25% LTV there should be options.

With bad credit, you would tend to look for an adverse credit mortgage broker.

JTD91

Nothing like ccj/bankruptcy etc, basically a few defaults going back a few years, some payday loans (all of which were paid back in time) again a couple of years ago and then the odd payment kissed here and there which has got less frequent and very rarely happens now.

Thanks

ACG

You should have options, possibly high street rates - but it will depend on the finer details.

Failing that, it may be a little above the high street.