Bad Credit Remortgage
Switching mortgage products, whether with a new lender or staying with the same lender or moving to a new lender, is known as remortgaging.
Remortgages are a great opportunity for borrowers to reduce their mortgage payments, consolidate any outstanding debts and release cash stored in their property for a bit of extra spending money.
However, many homeowners with bad credit continue to pay high interest rates as they believe these deals are only available to borrowers to with blemish free credit records.
The More Group specialise in helping homeowners with bad credit to remortgage. As a whole market mortgage broker we will search the lender market to find the best deals and lowest rates for our clients. If you wish to lower your monthly outgoings, consolidate any debts or simply have some spare cash then complete one of our online enquiry forms and one of our mortgage experts will be in touch.
Even if you have been declined by other lenders because of your bad credit record, we’re confident we can help. The More Group offer an opportunity for homeowners who are in arrears, facing repossession or unable to remortgage due to bankruptcy to get their finances back on track. By remortgaging these individuals can consolidate any outstanding debts, and avoid being charged with penalties and high rates of interest, which further damages their credit record.
When considering a remortgage it is important to remember the Financial Services Authority warning: Think carefully before securing any debts against your home. Your home may be repossessed if you fail to keep up repayments on a mortgage.