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The affects of a "Culture of Debt"

remortgages are becoming more in demand as a culture of debt takes hold across the UK.

In previous generations, there was a stigma surrounding debt. But debt has become a modern phenomenon, and more people than ever are struggling to find solutions to clear their debts.

remortgages and the culture of debt

However, if you are a homeowner with a history of bad credit, it can be hard to go down the route many people choose – remortgaging. Remortgaging can be a way to release the equity in your property and to free up finances to pay off your debts. But if you have had problems with an IVA, bankruptcy or credit card debt, traditional lenders may refuse you a remortgage.

remortgage – The answer you are looking for?

More people than ever have had to deal with debts that have put a black spot on their record. Consumer debt in the UK runs into the billions and many of us are searching for ways to clear debt. The first thing you need to do is get over any emotional anxiety or psychological hurdles you have. Struggling with debt can cause immense anxiety.

Don’t bury your head in the sand. There are plenty of solutions to clear debt – and a remortgage could be the answer you are looking for.

Homeowners and the remortgage

If you are suffering from debt and you are a homeowner, a remortgage could help you consolidate your debts or raise the money to pay off credit card, store or loan debt. Even if you have black marks on your financial record, specialist financial companies can find remortgage packages to help you.

A remortgage can help you:

• Reduce your payments
• Raise cash
• Consolidate your debts

What’s changed?

There has been a seismic shift in attitudes towards money. A few generations ago, if you wanted to go on holiday, buy a new coat or go out and you didn’t have the money, you didn’t get what you wanted. Now more of us need to clear debt as we live in a consumer orientated society - easy credit has encouraged a ‘buy now, pay later’ approach. It’s easy to fall into debt but hard to clear, and can bring nothing but stress, fear and anxiety. If you want to find solutions, a remortgage could be right for you.

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.Your home may be repossessed if you do not keep up repayments on your mortgage.
For mortgage advice we charge a fee which is usually £250.

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