Remortgages (8.5% APR typical variable)
If you are looking to raise some money to help pay off expensive loans or credit cards, if you are looking to carry out improvements to your new home or perhaps you want to afford the holiday of your dreams - then a remortgage could be a great option for you.
Can I Remortgage?
If you have more equity in your home then unsecured debt, it is often sensible that you restructure your debt so that it is consolidated within your mortgage, as you will be paying this off over a longer period at a lower interest rate.
If you can say yes to the following statements then you should qualify for a remortgage with Debt Consolidation. Do you?:
- Receive a regular source of income
- Own your own property
- Are aged between 18 – 75
- A resident of the UK
- Have secured debts on your property less than 90% of its value.
Debt Consolidation Remortgage
If you use your re-mortgage for debt consolidation purposes you will be able to reduce your monthly outgoings to your creditors. This will be useful if you find paying your unsecured debts on time a struggle. Unsecured debt includes credit cards, store cards and personal loans.
A key benefit of a debt consolidation re-mortgage is that you will be paying less each month and you may also benefit from a much better interest rate.
Even if you have arrears or a bad credit rating, Debt Consolidation could still help you get accepted for a remortgage.
How Do I Apply for a Remortgage?
Debt Consolidation make it easy to apply for a re-mortgage. Simply call our expert remortgage advisors on 0800 048 3674 or fill in our online Enquiry Form.
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 8.5% 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.
DebtConsolidation.co.uk is a trading name of Ask Finance Ltd which is registered in England and Wales (company number 4229724), Jackson House, Sibson Rd, Sale, Manchester, M33 7RR. Ask Finance is licensed under the 1974 consumer credit act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance is authorised and regulated by the Financial Services Authority (FSA) - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.
Debt Consolidation Articles
- Positive Consolidation
Being worried about debt may mean that you are worried about what consequences any of t... - Credit Rating
One of the questions which you might be asking whilst deciding about debt consolidation... - Consolidation Advice
Debt Consolidation Loans can be a great way to help you deal with your personal debt, b...