Think carefully before securing other debts against your home.Your home may be repossessed if you do not keep up repayments on your mortgage.
Adverse Credit History (Otherwise known as bad credit - Mortgages)
According to Government statistics as many as one in four people currently have or have had bad credit problems. Credit problems & an adverse credit history can be caused by any one of a number of things but are usually a combination of the following:
Late payments on loans and credit cards
Mortgage/secured loan arrears
Once you have these the lenders will eventually issue default notices or even take you to court to recover the debt under a County Court Judgement (CCJ) or in the event of mortgage arrears could reposses your home.
Any of the above can happen for a variety of reasons ususally divorce, redundancy, sickness or quite simply 'getting in over your head'.
The overall cost for comparison is 8.3% APR
The actual rate available will depend upon your circumstances. Ask for a personalised Illustration.
Think carefully before securing other debts against your home.Your home may be repossessed if you do not keep up repayments on your mortgage.
Mortgage & Remortgage Specialists