Case Study

Remortaging with a poor credit history

The Problem

Ben came to us looking to re-mortgage a secure a better rate than his current lender were offering.  He also had a less than perfect credit history and a large amount of unsecured debts and loans on high credit.  He was paying nearly £3,000 per month in re-payments on his current mortgage and his unsecured loans.

The Solution

After an in-depth fact find and assessment and a lot of research we were able to find a lender that was willing to accept a mortgage application from Ben in his current circumstances. Subsequently we managed to consolidate his mortgage and most of his debts on a very competitive interest rate, saving him £1,300 in repayments per month and enabling him to make overpayments on his other debts, thus paying them off quicker. This increased his monthly disposable income and thus improved his family’s lifestyle.

The Conclusion

This outcome was very stress relieving for Ben and his family.