Do you have a Bad Credit Score? Top 3 Remortgaging Options

If you have a poor credit score and want to remortgage, you have a few options to consider. Below are some remortgaging options for those with a poor credit score.

last updated Sunday, July 13, 2025
#Remortgaging Options #Subprime Lender

by John Burson

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Subprime Lender

You can partner with lenders who have a reputation for working with individuals with poor credit. If traditional lenders decline to assist you, they often direct you to subprime financiers who can help you.

Cosigner

One of the best options you have to remortgage is by finding a family member or a friend to jointly cosign a mortgage with you, especially if they have good credit. This option will work to your advantage because you’ll utilize your friend or family member’s good credit, which will help you secure an affordable interest rate on your mortgage. This can be problematic for the person who agrees to cosign, so ensure you get individuals who can trust you.

Commercial Hard Money Loans

Another viable alternative is partnering with reputable commercial hard money loan lenders. Commercial hard money loan financiers are investors with ready finances to lend commercial hard money loans to borrowers, especially those with poor credit scores. These investors have their own rules and regulations and are often prepared to partner with individuals who are in troubled circumstances. You are likely to qualify for financing from commercial hard money loan lenders if you have equity. Commercial hard money loan lenders are beneficial because they don’t have the strict procedures and requirements that most banks and traditional financiers have. You can also easily find a nearby commercial hard money loan lender through referrals from conventional lenders or online.