Can you remortgage with mortgage arrears?
Remortgaging with mortgage arrears can be difficult, particularly if the arrears are current. This guide explains how lenders view arrears, the options with your existing lender and where to get free help.
Guides · 17 articles
Your situation guides
Arrears, affordability, documents and preparing for a remortgage with adverse credit.
Can you sell your house with mortgage arrears?
Selling with mortgage arrears is usually possible, since the sale proceeds repay what you owe. This guide explains redemption statements, shortfalls and negative equity, and when remortgaging might be an alternative.
Do gambling transactions affect a mortgage application?
Gambling transactions on your bank statements are not automatically a problem, but frequent or high-value activity can affect how a lender views your application.
Do lenders check bank statements when you remortgage?
Many lenders ask for recent bank statements alongside other documents when you remortgage, mainly to confirm income and get a fuller view of your regular outgoings.
How many months of mortgage arrears before repossession?
There is no fixed number of months of arrears that leads to repossession. This guide explains the pre-action steps lenders must follow, what happens if a case reaches court, and where to get free help.
How to clear mortgage arrears
This guide sets out the main ways to clear mortgage arrears, from payment arrangements and capitalising to lump sums and selling, plus what each means for a future remortgage.
How to explain bad credit to a mortgage adviser
A clear, factual explanation of what happened and what has changed since tends to help an adviser far more than a vague or defensive account.
How to prepare for a bad credit remortgage
Preparing well before you apply, rather than at the point of application, tends to give homeowners with adverse credit more realistic options and fewer surprises.
Support for Mortgage Interest explained
Support for Mortgage Interest (SMI) is a repayable government loan towards mortgage interest for people on certain benefits. This guide explains who qualifies, what it covers, and its limits.
What if you can't remortgage when your deal ends?
If you can't remortgage when your deal ends, you'll usually move to your lender's standard variable rate. This guide explains why remortgaging can fall through and what options remain.
What is a mortgage prisoner?
A mortgage prisoner is up to date with payments but can't switch to a cheaper deal. This guide explains how it happens, the FCA's modified affordability assessment, and what to check.
What is a tax year overview?
A tax year overview is HMRC's own record of the tax charged for a given year. Lenders use it alongside an SA302 to confirm a self-employed applicant's declared income.
What is a transfer of equity?
A transfer of equity changes who legally owns a home, often alongside a mortgage change, without a full sale. This guide explains when one is needed and how a lender gets involved.
What is an SA302?
An SA302 is HMRC's record of your Self Assessment tax calculation. Self-employed applicants are commonly asked for one, alongside a tax year overview, as proof of income.
What is mortgage forbearance?
Mortgage forbearance is help a lender offers if you're struggling to pay, from payment arrangements to term extensions. This guide sets out the main types and how they can affect your credit file.
What to do if you can't pay your mortgage
If you can't pay your mortgage, contacting your lender early keeps the most options open. This guide covers what to expect, forbearance options, and where to get free help.
What will a mortgage adviser ask you?
A first conversation with a mortgage adviser usually covers your current mortgage, income, credit history and reasons for remortgaging, so you can prepare answers in advance.
Check your options
Find out what may be possible for you
Tell us a little about your circumstances and we’ll help you understand your next steps.
- Takes about two minutes
- No obligation to go ahead
- No credit check to enquire
Check your remortgage options
Your home may be repossessed if you do not keep up repayments on your mortgage.