There are many possible reasons why bad credit is registered against your name: when lenders are offering you credit on an almost daily basis it is easy to get into a situation where it can be hard to keep track of all the payments you have committed to, and many people eventually find themselves considered unacceptable for credit facilities through no fault of their own, and sometimes even without their knowledge.
One way out of this mess is to refinance, consolidating all your debts into one affordable loan. Because the bad credit mortgage refinance market is now so competitive in the UK, you can choose from a wide range of products from specialist lenders, even flexible ones which allow you to pay back parts of your loan early.
So, even though the main part of your mortgage may still be over a long term, you may be able to pay back the additional debts you have consolidated over a shorter term, while paying interest at a much lower rate.
As there are now so many mortgages on offer for people with bad credit it makes sense to talk to the experts before making your final decision. We have the knowledge and experience to help ensure you make the right choice, whether this is your first or second mortgage.