Re-mortgaging Nottingham

Re-mortgaging

Advantages

• If right mortgage can be found can improve situation in a number of ways
• May release equity in property in a lump sum to repay debts
• May reduce monthly payment freeing up money to pay debts

Drawbacks

• If in arrears with mortgage or other debts credit rating may be affected and not get good deal
• If on fixed deal may be high redemption fees

Equity Release

• Age over 55
• Home owner
• Property value at least £60,000

Advantages

• Alternative to selling property to pay off debts
• Can continue to live in home

Drawbacks

• Amount you can release from property varies and depends on age and property value

Remortgage advice in Nottingham

Viva Debt Solutions will refer you to our preferred independent broker Big Mortgages. So why not call us on Local 0115 8967 539 or National 0844 8262 591 - or email us at info@vivadebtsolutions.co.uk