Clean Start Remortgages

Get your finances back on track with The More Group’s Clean Start Remortgage.

Lending money is all about risk – when considering a borrower’s remortgage application a lender will evaluate the risk of being able to recoup the borrowed sum against the potential earnings, from the interest charged. To do so the lender will judge a borrower’s remortgage application on a number of factors, including past reliability when repaying money, and also the amount of equity stored in the property.

If your past credit history is blemished, due to problems such as arrears, CCJs, repossession or bankruptcy, you will be placed in a high-risk category by lenders, and viewed with a greater possibility of defaulting on your mortgage repayments. To offset the increased risk the lender will increase the interest rates on the remortgage. A number of lenders specialise in providing deals, known as adverse credit remortgages, to borrowers with chequered credit history.

If you suffer from adverse credit, due to past mistakes with loans, mortgages or credit, you may find yourself unable to remortgage with a highstreet lender and will require the services of an adverse credit remortgage specialist.

However, what happens if your credit history is so severe that even the specialist remortgage lenders consider your application too risky?

Due to the recent crisis in the financial economy, and the rising household and living costs, and increasing number of homeowners are finding themselves in this unenviable situation. Needing to remortgage to consolidate debts, lowered monthly monthly outgoings, and solve their current financial situation, they are unable to arrange a suitable remortgage and are causing further damage to their credit history. Trapped in a viscous circle of needing to remortgage to fix their credit problems, and being unable to remortgage due to their credit history, every missed repayment means penalty charges and higher interest rates – sending the borrower further into debt.

Start Again with The More Group

The More Group help solve borrower’s financial difficulties – as a whole of market mortgage broker, specialising in adverse credit remortgages, if there is a deal available for your circumstances we can arrange it for you.

With our expert advice and face-to-face service, will manage a customers remortgage from initial enquiry through to completion – making the remortgaging process as fast, simple and painless as possible.

To speak to one of our remortgage experts, complete our free no obligation enquiry form. Any information you provide is kept completely confidential and will only be used to supply the remortgage information you are looking for.

When considering a remortgage, it is important to think carefully before securing other debts against your home. Your home may be at risk if you fail to keep up repayments on your mortgage.