Is it ever appropriate to look for more credit to resolve a debt issue? In most cases, the answer would be no.
However, not everything is black and white.
After carrying out your review, restructuring your current mortgage or obtaining a new mortgage arrangement may be the most suitable option. This is often still available if your property is in negative equity.
Mortgage restructuring is available to some homeowners who are struggling financially due to unexpected changes in their circumstances. Negative equity mortgages are available throughout the UK from a number of high street and specialist lenders.
We have successfully negotiated longer mortgage terms so that our clients feel less of a pinch when paying back the debt. Extending the term and restructuring the mortgage can allow you to remain in the family home that you have worked hard to secure.
You may have obtained a mortgage or loan product at a time when lending rates were much higher. Currently, rates are at an all-time low and a new mortgage or loan may be more affordable.
Restructuring and/or Remortgaging can provide a quick and affordable alternative to a debt settlement solution, meaning that you don't need to move house and your credit rating remains intact.
Our experience and relationships with lenders across the UK place us in a strong position to obtain the result you need. We deal with all third party and lender communications on your behalf.
You can relax safe in the knowledge that you have a team of experts working tirelessly on your behalf to achieve the best possible outcome for you.
How can we help?
Negative Equity Remortgage – Negative Equity UK has negotiated many cases whereby one partner wants to retain a property and the other wants to be “released” from the debt.