Back then, when you have a bad credit history, securing a mortgage contract is never an option if you wish to improve your credit score. But now, times have changed, you can obtain a bad credit remortgage using your home, even if you have faced County Court Judgments (CCJs), or even charges bankruptcy. Don't even dare to think that this happened because of a miracle. In fact, there's an explanation to this - the number of people with bad credit records have increased thereby, forcing the mortgaging market to include those with bad credits histories in the list of possible mortgagors.

The conditions necessary to allow one with poor credit records to obtain a mortgage vary from company to company. However, most of them will simply require you to have a stable job, and will ask for details of your entire financial condition to know the terms of the contract. Securing a bad credit remortgage is easier as compared to first-time bad credit mortgages because the lien for the house in your previous mortgage contract will serve as the back-up for your new mortgage. In other words, most mortgage companies will be very willing to issue you a mortgage since they could use the lien of the house and sell that house in case that they did not obtain the payment on time.

The best way to use a bad credit remortgage is by refinancing yourself; you apply for a mortgage to pay for your previous mortgage. By doing this, you also give yourself an opportunity to improve your credit scores by paying on-time.

However, obtaining a bad credit remortgage also has its own risks, so be sure to apply for mortgage companies that specialize in this form of lending. It is also recommended that you check out more than one bad credit mortgaging company to make sure that you find the lowest possible interest rate that you can have. It is all thanks to the tight completion in the mortgaging market that the interest rates continue to lower, especially on bad credit mortgages. Another thing to consider when applying for mortgages when you have poor credit records is the chronological between the time of your application and the time of your credit problems. Make sure that you have taken note of even the smallest detail in your personal balance sheet and credit records to be sure that errors will not be committed on the contract.