Bad Debt Consolidation Remortgage

Credit Repair Remortgage Service

Latest Deal - NatWest 2 Year Fixed »NatWest Mortgages

Call FREE - 0800 158 2934 

1.19%Reverts to 3.75% after 2 years


Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Consolidating bad debts using a remortgage of your property may allow you to pay off all other loans and debts you may have with just one loan. Many people find that consolidating all of their debts into one payment provides them with lower monthly repayments, and makes their finances easier to manage.

Bad Debt Consolidation Remortgage Service
ProviderLTV**CCJsDefaultsBankruptcyIVAMissed Loan Payments* 
Up to 75%None in 12 Months - Maximum 5None in 12 MonthsDischarged 12 Months AgoSatisfactorily Conducted 12 Months AgoNone in 12 MonthsMore Info >

Call 0117 332 6063

Our View:

"Credit repair mortgage service to help you get back to a high street mortgage deal - If you have suffered a one off event such as divorce, redundancy, serious illness which has resulted in a "bad" credit entry on your credit file over 12 months ago this service will help you get back on track".

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


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

Many lenders will set criteria that you will have to meet before you are accepted for the remortgage process. Although most lenders vary according to what they permit as eligible for a mortgage loan, some general things they will take into consideration include:

  • Your age (average minimum age of 18 and maximum of 70).
  • You current income and how stable your cash flow is. They may also ask for documentation to prove that you are receiving regular payments.
  • How much you are looking to borrow.
  • The value of your property.

 If you are looking to remortgage for bad debt consolidation, there are a few tips we recommend that you can do to avoid skyrocketing costs:

  • Speak to a mortgage broker about the best course of action.
  • Do your homework and research each individual mortgage type, considering variables such as interest rates, application fees and early repayment charges.
  • Shop around and compare mortgage deals for a number of different providers. Comparing mortgage deals is advisable as it can help you to find a mortgage deal that most suits your needs.

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

The above mortgage products highlighted on this website are 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