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14 Bath Road,
Swindon, Wiltshire
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Re-mortgaging is often arrange for a variety of reasons including raising money for home improvements, purchase of a car or holiday or even a holiday home. You could even be raising money for debt consolidation, buying out a partner or simply to get the best mortgage rate on the market.
Whatever your requirements we are here to help you secure the best possible mortgage offer at the lowest possible rate. Even if you have been turned down elsewhere you should contact us for simple, sensible and honest advice.
You should think carefully before remortgaging to consolidate personal debt or unsecured credit. Although the monthly payments will usually be lower because interest rates for mortgages are generally lower than those of credit cards or personal loans, the total interest payable, and therefore the total cost of borrowing could be more as repaid over a longer term.
You should clearly understand the implications of turning unsecured borrowing into a secured loan. While you would face mainly financial penalties if you failed to keep up payments on any unsecured debt, there is an increased risk of losing your home if you fail to keep up the increased repayments on a mortgage.
Before considering a remortgage for consolidation of credit, you should consider all your other financial circumstances. This could include repaying any credit from personal savings, an investment or other cash sources. Be careful not to take money from an investment that already forms part of your mortgage repayment arrangements. You should seek advice before surrendering any existing investments.
If you are in payment difficulties with secured or unsecured loans or personal credit, you should also consider negotiating an arrangement with your creditors before consolidating any personal credit to your mortgage.