High loan to values, large income stretch, poor credit rating, huge credit card and loan debts, CCJ's, arrears, defaults, IVA's etc. One or more of the above means that most lenders will view you as a "problem remortgage" case. We at mortgagemap view you as an opportunity!
We can help, simply complete our one minute quote form or ask a problem remortgage expert to contact you.
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A Problem Remortgage allows you to:
- Reduce your monthly payments by hundreds of pounds a month with a more competitive rate.
- Consolidate Loans and credit cards into one manageable monthly payment. You could even have funds left over to spend as you require.
- Clear, Mortgage Arrears and Debts on your property by remortgaging your home, using the current value of the house to help clear credit problems.
- Release the equity in your property and use the money for an extension, holiday of a lifetime, new car or business capital.
Before making a decision to remortgage you should consider the following points:
The saving you make on a new lower interest rate mortgage might be out balanced by charges involved in ceasing your current mortgage as well as fees demanded by your old and new lenders.
With your current mortgage provider you may be charged a penalty while the new one may ask for an arrangement fee.
There will be surveyors fees because the new mortgage lender will want to value your home. You may well incur Solicitors fees also, though some lenders cover these for you.
For people in arrears or with County Court Judgements etc it is still possible to remortgage. For more information and help fill out the enquiry form for a free no obligation chat about a problem remortgage.
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PROBLEM REMORTGAGE