FAQs

Questions

Remortgages

1. What is a remortgage?
2. What are the Pros and Cons of a remortgage?
3. Can I remortgage with a poor credit history?
4. I have been turned down for a remortgage in the past, can you help?
5. Why would I want to remortgage?
6. How much will my remortgage cost?
7. What can I use my remortgage for?

 

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Answers

Remortgages

1. What is a remortgage?

   A remortgage allows you to change your existing mortgage lender to another provider. This new mortgage will not require you to move from your existing home and it could save you money on your monthly payments.

    

2. What are the Pros and Cons of a remortgage?

   All Clear Finance believe in being honest with our clients, and to find our all the benefits and potential implications of a remortgage, you need to contact us today on 0808 131 0038.

   Remortgage Pros:

   • The main advantage of remortgaging means that you are able to raise capital, and save money with a lower interest rate. 

   Remortgage Cons:

   • You may incur extra costs such as the cost of transferring lenders and legal fees.

    

3. Can I remortgage with a poor credit history?

   Yes it is possible for you to remortgage your home, but each application is individual so it is best to contact us so we can start the remortgage process today. Call our All Clear Finance advisors on 0808 131 0038.

4. I have been turned down for a remortgage in the past, can you help?

   All Clear Finance will not discriminate because you have been turned down for a remortgage in the past. We try and help everyone, no matter what your financial history. For free expert advice and help getting a remortgage, please call us free on 0808 131 0038.

5. Why would I want to remortgage?

   There are a number of reasons why our clients remortgage. For example, they can take advantage of low interest rates, as well as a chance to consolidate your existing debt.

    

6. How much will my remortgage cost?

   The cost of your remortgage is dependant on your current mortgage. For example, there might be a charge for ending your mortgage plan early. There will also be charges to set up a new remortgage.

7. What can I use my remortgage for?

   You may want to use the money raised through your remortgage to consolidate any existing debt. We also won't place any restrictions on what you do with the extra money raised. For help and advice call All Clear Finance direct on 0808 131 0038.

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)