Get an arrears debt consolidation remortgage quote

Being in debt no longer has the social stigma with which it has historically been associated. Today, there is a proliferation of credit and getting in debt has never been easier! However, it is when the amount and size of these debts become unmanageable that people experience problems and are at risk of attracting adverse credit.

Income can go up and down, and it’s those with high debt commitments who are most at risk. Without adequate insurance protection, being made unemployed or falling sick, getting divorced or falling pregnant can affect your ability to repay your loans.

Most people tend to default on unsecured loans rather than on their mortgage as their home is at risk if you fall into arrears with your mortgage lender. However, the mortgage is usually the highest payment and can become unaffordable.

Happily, there are mortgage lenders who will accept remortgages from applicants with arrears, and can consolidate the rest of your debts provided there is sufficient equity in your home. Debt consolidation can help reduce your monthly payments and give you the convenience of one monthly payment. Beware though of the dangers of going from unsecured to secured borrowing, and of the fact that you will be paying more overall.

At The Mortgage Provider, we have arranged arrears and debt consolidation remortgages for clients who have been refused credit for over 10 years. We are independent, directly authorised and ‘whole of market’ so we have access to every arrears and debt consolidation remortgage in the UK. Leave your details below and we will search all of our remortgage lenders for the best possible deal for your circumstances