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.