The housing market has been in steady decline in recent months with house prices falling and the recent economic climate being in disarray.

The British Bankers’ Association (BBA) calculated a record low of just 21,086 people taking out loans to buy property in August, less than two-thirds of the average for the past six months.

Remortgage figures also fell. August recorded a figure of 47,765 compared to the six-month average of 66,626.

A bad credit remortgage may help in this period of tighter lending.

We help you find the best remortgage deals in the UK market