If you are a homeowner, you may have lots of equity in your home that you would like to release in order to pay off your unsecured debt. Remortgaging can often be a great way of paying off your debts, as it is often cheaper then any form of personal finance.
Debts Management can help you find a remortgage plan at a very competitive rate, no matter what your circumstances. In fact we are able to source lenders who can offer remortgages to those with a poor credit history, without a sky high interest rate!
Our clients have remortgaged for a number of different reasons, such as to release equity to pay off expensive credit cards bills, buy a new car or to make home improvements.
For professional information from our specialist advisors, please contact us on 0808 131 9112.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
For mortgages and re-mortgages the overall cost for comparison is 5.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.