Remortgages (8.5% APR typical variable)
If you are looking to raise money to repay high-interest credit cards and loans, make home improvements or perhaps start your own business, then a remortgage with Loan Application might be a great option for you.
Why Would I Remortgage?
There are many reasons that someone would want to remortgage, and this is often to get a remortgage at a much better interest rate and to avoid paying the lenders standard variable rate which, dependant on your original deal, will be much higher than what you are used to paying.
Our clients have remortgaged for a number of different reasons, such as to consolidate your expensive unsecured debt, make home improvements or purchase a new car.
Am I Eligible for a Remortgage?
If you can say yes to the following statements then you may be able to qualify for a remortgage with Loan Application:
- Aged between 18 – 75.
- Own your own property.
- Have a regular source of income.
- UK Resident.
- You can afford to repay the new mortgage.
- Total secured debts against your property does not exceed 90% of its value.
Each mortgage application will vary with their processing time due to individual circumstances, but we should have a formal mortgage offer within 4-6 weeks after we have received your application.
Worried that you might get turned down for a remortgage before you have arrears, a poor credit rating or you have been rejected for a remortgage in the past? Loan Application may still be able to help...
Loan Application have access to many different remortgage deals. We will search the market to find you a loan to suit your financial circumstances.
For free advice and information about a number of remortgage deals, such as a bad debt remortgage, contact Loan Application today on 0808 131 0036.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
For mortgages and re-mortgages the overall cost for comparison is 8.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.
LoanApplication.co.uk is a trading name of Ask Finance Ltd, which is registered in England and Wales (company number 4229724), Jackson House, Sibson Rd, Sale, Manchester, M33 7RR. Ask Finance is licensed under the 1974 consumer credit act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance is authorised and regulated by the Financial Services Authority (FSA) - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.