
More people then ever in the UK are drowning in debt. It’s easier to fall into debt then get out of it. A few missed mortgage payments, a credit card that spirals out of control, an increase in your utility bills could all add up to a debt problem. Other reasons could be unforeseen circumstances or emotional traumas that impact on your finances such as bereavement, divorce or redundancy. A remortgage could help.
Debt can mount up in numerous ways and a remortgage could help with financial difficulties caused by:
How a remortgage can help you
If you run up debts, you could end up with bad credit rating. A remortgage could help you get back in control of your finances. remortgages are designed for people in financial difficulty. A remortgage will allow you, if you are a homeowner, to borrow money to pay off your debt, leaving you with a lower more manageable repayment.
Debt can push people into mortgage arrears, but if you don’t want to lose your property, a remortgage could be the solution to your debts. Getting onto the property ladder has never been so hard as house prices continue to rise and rise. Specialist financial companies can help you find the right remortgage to help you regain control of your finances and keep your home.
If you feel you just can’t handle your debts or you feel stressed, anxious and fearful about holding on to your home, there is a solution. A remortgage could help pay off credit card debts, release equity or simply make your monthly repayments more manageable. More and more people are turning to remortgages. Total personal debt in the UK stands at a trillion pounds and bankruptcy has now hit record levels. The burden of debt and feeling that you’ll never be able to clear debt can be crippling. If you don’t have strategies to clear debt you could end up suffering from stress, anxiety and depression. A remortgage could give you the financial clean slate you need for a fresh start.
Consolidating your debts by remortgaging may mean you will pay more over the term of the mortgage than you otherise would
have.
The overall cost for comparison is 10.4% APR
The actual rate available will depend upon your
circumstances. Ask for a personalised illustration.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up
repayments on your mortgages.
For mortgage advice we charge a fee which is usually £250.