Define: Adverse Remortgage

UK Accounting Glossary

Definition: Adverse Remortgage



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Full Definition of Adverse Remortgage


An adverse remortgage or adverse credit remortgage is a mortgage refinance contract to a mortgage borrower with adverse credit. An adverse remortgage allows these borrowers to refinance even with an adverse credcredit rating. An adverse remortgage borrower can have court judgements, defaults, or mortgage arrears and still obtain refinancing with an adverse remortgage. Adverse remortgage loans are available in the US and UK where as many as 25% of prospective borrowers may need to apply for adverse remortgage based on poor credit history. Adverse remortgage loans are offered at rates above conventional remortgages. Sometimes called “bad credit mortgage refinancing” adverse remortgage loans have become more widely available as the secondary market for sub-prime residential mortgages has expanded during the early 2000s.


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Definition Sources


Definitions for Adverse Remortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th February 2020.