Personal Insolvency
Refinancing
Remortgages and Secured Loans
A remortgage or a secured loan to draw down the equity available in your property is often the cheapest way to borrow money, because the risk of default is minimised for the lender.
The reason the risk is minimised is simple - if you fail to maintain your repayments, the lender can repossess your property and sell it to pay off what you owe. The loan is ‘secured’ on your property. A remortgage will buy out any existing mortgage and create a single, new mortgage. A secured loan adds a second, further mortgage to your property. Secured loans are usually quicker to arrange but, for the lender, can have a greater element of risk - so they are more expensive.
We are not here to lock you into ruinous interest rates and high fees; we are here to help. The first time we used one of our partners he was able to secure a mortgage for a client already in a voluntary arrangement at a lower rate than they could obtain from a well known high street lender!
Contact us to ask about remortgages and secured loans.