Lenders of Problem Remortgages
There are a growing number of lenders who will consider applications for problem remortgages. This is an indication of the growth in the market for home loan applications from borrowers with non-standard credit histories and financial situations over the past few years. Such growth has largely been consumer driven.
Problem remortgages are also known as non-standard, credit-impaired, or sub-prime mortgages, and the lenders are known as specialist lenders. Many of these specialist lenders are subsidiaries of mainstream lenders and are established under different names. This means that although applicants will apply for the home loans through a sub-prime lender, the reality is that the mortgage may be underwritten by a subsidiary of a high-street lender.
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