Need to Remortgage but have CCJs ? There are Uk Mortgage lenders who may help but you need professional advice first.
January 20, 2007 (Press Release) --
Some lenders in the UK Remortgage market are now willing to lend to those people looking for Remortgage with CCJs.
You are still able to get a full range of remortgage products - Fixed, Tracker, Discount and Standard Variable. However, there maybe extra charges involved for this higher risk value, as well as lenders usual administration charges.
One of the most common reasons for wanting a Remortgage with CCJs
Lets say you owe £18,000 & need to consolidate debt. You are unsure wether to go for a home owner loan or a 100% remortgage. Is this you ?
1] 3 unsecured high street credit, charge & store cards
2] Total Debt £5,000 on 2 cards against a limit of £8,000 & the 3rd is up to its 100% limit
3]Costing you £500 in payments as you try to pay more than the minimum off monthly
4]You are aware that the interest rates on these cards are as high as 29%
5]You are considering swapping to 0% interest for 6 months credit cards to avoid interest role up.
However, as you owe £18,000 & their match limit is £8,000 per card - do you swap your balances to 3 cards? Apart form the stress of it all, in this instance for some people it may be simpler just to get a 100% remortgage & consolidate your payments under one roof. However do not forget.....
Debts may well take longer to repay if you NOW extend the term on a Remortgage wit CCJs.
>You will need to increase your protection cover to protect the new borrowing if you should die prematurely or get ill.
>Do not forget if you borrow the money to actually repay your debts - not spend it all & get back into the same position as before !
>You also may wish to tear up your Credit & Store Cards !!
Thank you for reading this article. Need Secured Personal Loan Finance Broker help on this subject - please visit creditfinancecentre.co.uk.
You are still able to get a full range of remortgage products - Fixed, Tracker, Discount and Standard Variable. However, there maybe extra charges involved for this higher risk value, as well as lenders usual administration charges.
One of the most common reasons for wanting a Remortgage with CCJs
Lets say you owe £18,000 & need to consolidate debt. You are unsure wether to go for a home owner loan or a 100% remortgage. Is this you ?
1] 3 unsecured high street credit, charge & store cards
2] Total Debt £5,000 on 2 cards against a limit of £8,000 & the 3rd is up to its 100% limit
3]Costing you £500 in payments as you try to pay more than the minimum off monthly
4]You are aware that the interest rates on these cards are as high as 29%
5]You are considering swapping to 0% interest for 6 months credit cards to avoid interest role up.
However, as you owe £18,000 & their match limit is £8,000 per card - do you swap your balances to 3 cards? Apart form the stress of it all, in this instance for some people it may be simpler just to get a 100% remortgage & consolidate your payments under one roof. However do not forget.....
Debts may well take longer to repay if you NOW extend the term on a Remortgage wit CCJs.
>You will need to increase your protection cover to protect the new borrowing if you should die prematurely or get ill.
>Do not forget if you borrow the money to actually repay your debts - not spend it all & get back into the same position as before !
>You also may wish to tear up your Credit & Store Cards !!
Thank you for reading this article. Need Secured Personal Loan Finance Broker help on this subject - please visit creditfinancecentre.co.uk.
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