bad credit remortgage

bad credit remortgage | what is it?

A bad credit remortgage is designed to help people who have existing or previous credit problems. If you have financial problems a bad credit remortgage could benefit you.

With a bad credit remortgage you can:-

• borrow money against the equity in your home to raise some funds or to pay off some of your other debts, such as credit cards and loans
• remortgage to reduce your monthly payments – this usually means extending the term (length) of your mortgage
• achieve a more manageable monthly repayment, allowing you to get your finances under control.

A bad credit remortgage should offer two benefits:

• Reduce your monthly mortgage payments (over a longer term)
• Allow you to consolidate your debts into one lower interest loan, with more manageable repayments, or to release some equity from your house as cash

A bad credit remortgage can allow you to improve your credit rating too – by clearing your other debts and keeping up with the payments on your mortgage, your credit rating will gradually improve again.

However, you need to be aware that even though the interest rate of your bad credit remortgage is lower, your total interest payments may be greater, due to the increase in the term of the loan.

Bad credit remortgage? Please call 0845 123 1260 or complete the Call me Back enquiry form online.

Bad credit remortgage guides:-

• Bad credit remortgage | Home
• Bad credit remortgage | Things to think about
• Bad credit remortgage | What is it?
• Bad credit remortgage | Why choose one?
• Bad credit remortgage | How do I get one?