Consolidating mortgage arrears
A broker fee of between £495 to £3995 is payable on completion and can be added to your mortgage. The actual rate available will depend upon your circumstances.Many people just like you choose this option due to their low interest rate.How can you avoid falling into arrears with your mortgage?The most important thing you can do to avoid falling behind on repayments is to be completely aware of your responsibilities as a mortgage holder.At Ocean Finance all our Mortgage Advisers are trained and qualified to give advice on finding a mortgage that suits your individual needs.All mortgage applications will receive no obligation help and advice on the mortgage options available, so if you want a mortgage even with past mortgage arrears, apply online now.We work with a large network of lenders who can offer you excellent private mortgage rates.If you need to get your mortgage quickly, or cannot qualify for a mortgage from a bank, we encourage you to get in touch with our mortgage brokers who can help you select the ideal private mortgage for your situation.
Get a quote THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
Individuals facing serious financial hardship may find that staying in the home and continuing to make mortgage payments just isn't feasible.
If that's the case, you'll need to consider other options, such as: Before entering into any agreement, be sure you understand how the account will be reported by your lender and what the financial implications will be.
Speak to your lender about whether you are eligible for any form of hardship assistance.
The risks and benefits of refinancing a mortgage in arrears Like every other loan you apply for, refinancing has its risks and benefits.