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Adverse Credit Consolidation Remortgage
- Published 11/29/2007
Get an adverse credit consolidation remortgage quote
One of the major areas of growth in the UK mortgage market in the past few years has been adverse credit debt consolidation remortgages. Due to the ease of getting cheap credit, many have over stretched themselves financially, having taken out personal and secured loans, credit cards and hire purchase agreements.
People with large debt commitments and a high debt to income ratio are particularly susceptible to interest rate rises and changes in circumstances. A 1% rise in interest rates can make credit cards and variable rate loans unaffordable, as can changes in income. Falling pregnant, being made unemployed, getting divorced or suffering a disability can make a difference to your ability to pay.
An adverse credit debt consolidation remortgage may be the answer if your debts have become unmanageable and you have suffered some form of adverse credit through missing payments. This can take the form of CCJs (County Court Judgements), IVAs (Individual Voluntary Arrangements), defaults, missed payments and mortgage or secured loan arrears.
Consolidating your debts can lower your total monthly debt commitments and help mend your credit. It is important that you get good mortgage advice from a mortgage broker though, as it can end up costing more over the full term of the mortgage and there are dangers in going from unsecured to secured borrowing.
At The Mortgage Provider, we have arranged poor adverse credit debt consolidation remortgages for our clients for over 10 years. We are independent, directly authorised and ‘whole of market’ so we have access to every adverse credit debt consolidation mortgage in the UK. Leave your details below and we will search all of our poor credit history remortgage lenders for the best possible deal for your circumstances.
One of the major areas of growth in the UK mortgage market in the past few years has been adverse credit debt consolidation remortgages. Due to the ease of getting cheap credit, many have over stretched themselves financially, having taken out personal and secured loans, credit cards and hire purchase agreements.
People with large debt commitments and a high debt to income ratio are particularly susceptible to interest rate rises and changes in circumstances. A 1% rise in interest rates can make credit cards and variable rate loans unaffordable, as can changes in income. Falling pregnant, being made unemployed, getting divorced or suffering a disability can make a difference to your ability to pay.
An adverse credit debt consolidation remortgage may be the answer if your debts have become unmanageable and you have suffered some form of adverse credit through missing payments. This can take the form of CCJs (County Court Judgements), IVAs (Individual Voluntary Arrangements), defaults, missed payments and mortgage or secured loan arrears.
Consolidating your debts can lower your total monthly debt commitments and help mend your credit. It is important that you get good mortgage advice from a mortgage broker though, as it can end up costing more over the full term of the mortgage and there are dangers in going from unsecured to secured borrowing.
At The Mortgage Provider, we have arranged poor adverse credit debt consolidation remortgages for our clients for over 10 years. We are independent, directly authorised and ‘whole of market’ so we have access to every adverse credit debt consolidation mortgage in the UK. Leave your details below and we will search all of our poor credit history remortgage lenders for the best possible deal for your circumstances.