Bad Debt Consolidation Remortgage

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Bad Debt Consolidation Remortgage

A bad credit remortgage might be necessary if you have an adverse credit history, are experiencing difficulty repaying debts that you owe in addition to your mortgage, or if your current mortgage deal is coming to an end and you need to find a new one. If this is the case, then there are various remortgaging services available to you even if you have a bad credit rating, no proof of income, have faced bankruptcy, a repossession order, or an eviction notice. A bad debt consolidation remortgage can help by enabling you to combine all your unpaid debts into one, which will lower your monthly outgoings.

Advantages of a bad debt consolidation remortgaging include:

Consolidating all of your existing debts into a more manageable arrangement
Reducing your monthly payments
Releasing money to spend on other things
Potentially saving money by finding a discount remortgage rate

Being able to get a remortgage despite having problems with bad debt, CCJs, mortgage arrears etc. When choosing a remortgage deal, you should be aware that even though your monthly payments may decrease, you will almost certainly be extending the term of your debt and the total amount that you end up repaying could be much higher. Most companies also implement a fee for securing your bad debt consolidation remortgage. There may also be various other fees that they might charge, such as valuation fees, arrangement fees, exit fees, early repayment charges (ERCs) and legal fees.

To see the latest deals available for bad debt consolidation loans, check out the table below, or fill in the enquiry form to compare the wntire mortgage market and ensure that the bad credit remortgage you get is the best possible one for your individual needs.

Mortgage Deal Selection - Call Lender Direct

Initial Rate	Provider	Period To	Type	APR*	LTV
2.89%		Lifetime Tracker	Tracker	3.00%	70%
2.89%	Lifetime Tracker Deal. Capital Repayments up to 10% without penalties.Product fee £1499. Early repayment fee 1% of balance repaid until 30/11/2012. Call 0845 0701720
2.54%		2 Years	Tracker	3.50%	75%
2.54%	2 Year Tracker Deal. Capital Repayments up to 10% without penalties. Product fee of £945. Early repayment fee of 2% for first 2 years. Call 0800 1838892
3.39%		2 Years	Fixed	4.10%	60%
3.39%	2 Year Fixed Deal. No product fee. An early repayment charge applies until 31/08/2012. Maximum LTV 60%. New purchase only. Call 0800 068 7624
3.75%		NA	Variable	3.80%	75%
3.75%	Offset Mortgage Deal. Designed to give you financial flexibility by helping you pay off your borrowing early by bringing all your finances together. Call 0845 8055689
4.95%		Aug 2012	2 Year Fixed	4.24%	80%
4.95%	First Time Buyer 2 Year Fixed Deal. £995 Product Fee. Call 0800 077 3454 to speak to a Santander Mortgage Specialist
4.99%		Sept 2012	2 Year Tracker	4.00%	85%
4.99%	First Time buyer 2 Year Tracker Deal. Product Fee £497. Repayment Mortgage Only. Early Repayment Fees Apply. Call 0845 293 77 26 to speak to a Halifax Mortgage Specialist
5.45%		July 2012	Fixed	4.10%	90%
5.45%	First Time Buyer 2 Year Fixed Deal. Early repayment charge until July 2012. Capital Repayments up to 10% without penalties. There is a product fee of £999. Call 0808 1091690
6.89%		Aug 2015	Fixed	5.20%	90%
6.89%	First Time Buyer 5 Year Fixed Deal. For new Nat West Customers only. Maximum loan £300k. No Product Fee. Call 0800 1582934
2.99%		2 Years	Fixed	4.80%	60%
2.99%	2 Year Fixed Deal No application charge. No Completion fee. Call 0845 0701720 and quote FI2. Monday-Thursday 9am-8pm, Friday 9am-5.30pm, Saturday 9am-12pm

*APR - Overall Cost for Comparison

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker