Bad Credit Remortgage
If you have a bad credit history, you can still remortgage and Suitable Debt Solutions can help you to achieve this.
There are a number of reasons why you may wish to remortgage your home:
To pay off debts
To take advantage of a better mortgage, for example one with a lower rate of interest
To release equity to fund another purchase, for example a new kitchen
There is a commonly held belief that people with bad credit cannot remortgage, but this is not true. Whilst some of the high street banks and building societies may be reluctant to offer remortgage deals to those with a bad credit history, there are other, often specialist, lenders who are quite prepared to do so.
Bad Credit Remortgage with Suitable Debt Solutions
At Suitable Debt Solutions we have unrivalled links with specialist lenders happy to offer those with bad credit a remortgage. In fact, we are able to offer remortgage deals that other brokers and lenders are not. The range of bad credit remortgage deals to which we have access is second to none, so no matter how dire you believe your credit history to be, we can probably help.
Remortgage to Settle Debts
For people with a bad credit history, the most common reason for wanting to remortgage is to pay off debts. If you have equity in your property that is equal to or more than the value of your debts, then this can be a good solution. And keeping up the payments on your remortgage can help to re-establish your credit rating. So for someone with bad credit, a remortgage can be an ideal way to move on from debt and credit problems.
For many people, remortgaging is an ideal way of dealing with debt problems and facing the future debt-free. However, it is not always the most appropriate debt solution and should therefore not be entered into lightly. It is imperative that each individual with a debt problem receives specialist advice to ensure that they are offered the best debt management solution, or combination of solutions, for their particular circumstances.
