Remortgaging means shifting your mortgage from one lender to another to get  yourself a better deal. And you don’t even have to move house to do it. Last year, roughly two in five homeloans were actually remortgages as millions of borrowers took advantage of the UK’s hugely competitive mortgage market.

There are many reasons why remortgaging made sense for them, and could make sense for you, but the main one is simple. Saving money.  If you have other debts elsewhere which charge much higher interest rates and you want to consolidate all your debts into one. If you have a lot of outstanding debts it might make sense to add them to your home loan. After all the interest rate you pay on your mortgage is probably half or even a third of what you pay on your other debts.

More and more people are realising that they can use their strong position as a homeowner and release the money tied up in their homes to use for any purpose. Releasing the equity in the property means that high interest rate credit cards and loans can be repaid at low interest rates for one easily affordable monthly payment  freeing £100s per month simply by rearranging existing credit commitments.

In addition money can be released for any purpose - home improvements - an extension that will increase the value of the property further, special occasions, weddings, dream holidays or that special car.

DebtFC takes take a professional, caring and hands on approach when dealing with an applicant’s personal circumstances. We have mortgage advisors who specialise in all areas, including arranging loans for those who are excluded from high street lenders simply because they have adverse credit, low credit score, or struggle to prove their income in a form that is acceptable to the standard lender.

If you have been turned down for a mortgage due to past or current credit problems, you are not alone. Every year many people find themselves in this situation due to breakdown of relationships, illness or redundancy. Such situations can put a massive strain on household income and can result in missed or late payments which can show on your credit file and effect your ability to obtain a mortgage from the high street.

Have you attempted to obtain a mortgage and been disappointed at being turned down in the past?

• Has bad credit or problems such as Trust Deed, IVA, Defaults or personal bankruptcy effected your chances?
• Are you a homeowner currently in a Trust Deed? We may be able to offer you a better option.
• Do you want to buy your council house but have rent or council tax arrears?
• Are you a first time buyer who requires a mortgage deposit loan?
• Do you run your own business and find it difficult to ascertain your future income?

As this area of the mortgage market is complex we recommend you seek the advice from our professional mortgage advisers who are experienced in this area. They will assess your individual circumstances and find the right mortgage for you.

At DebtFC we specialise in obtaining re-mortgages at competitive rates for people with adverse credit. A decision can be yours in just 24 hours.

Only upon completion our fee is up to 3% to a maximum of £2500.

• You need extra cash and want to take advantage of the fact that your house has gone up in value Most people’s houses have shot up in value since they bought them. Remortgaging can help you capitalise on this.
  
• Debt consolidation releasing the equity in the property means that high interest rate credit cards and loans can be repaid at low interest rates for one easily affordable monthly payment.
• Your mortgage doesn’t fit any more perhaps you need to be able to miss a payment. Changing jobs, going back into education, going travelling, there are mortgages which will let you take payment holidays. but your current deal won’t let you.

• you may be on such a poor deal that has you locked in with huge penalties for leaving it, that you have to pay hundreds or thousands of pounds on top, then it may not be worth your while.
• If you have a small mortgage and your loan falls below a certain amount - say around £30,000 - it may not be worth switching lender simply because the amount you will save is very unlikely to outweigh the cost.
• You may already be on such a great deal but have mortgage arrears or large unsecured debts remortgaging with a sub prime lender may not be cost effective for you. A homeowner loan may be a better option.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

LOAN SUBJECT TO STATUS INSURANCE CONTRACTS MAYBE REQUIRED.

Debt consolidation is the process in which debt is restructured into one low affordable amount which you agree to pay. At DebtFC we offer a range of debt consolidation options Scottish protected trust deed, individual voluntary arrangement (I.V.A), remortgage, debt management plan, homeowner loan, sell and rent back or perhaps bankruptcy (sequestration in Scotland) our experienced debt consolidation team, will discuss your options and provide you with free debt help and debt advice on how to deal with your debt problems. We are based in Livingston, West Lothian, Scotland but help people throughout the UK.

If you recognise any of the following symptoms... then you need our debt help!

Credit card debts, missed loan repayments, creditors phoning, debt collectors, bailiffs, County Court judgements, bankruptcy, insolvency, mortgage arrears, repossession, robbing Peter to pay Paul, not opening the mail, afraid to open the door.
Our debt consolidation team will show you the options that you have available to get out of debt with one reduced, affordable monthly payment. For a NO OBLIGATION, FREE CONSULTATION, call or send the contact form for some friendly, free advice.