Consolidating mortgage arrears
Representative example: Assumed borrowing of £37,700 over 180 months, with a fixed borrowing rate of 6.4% per annum for the first 36 months, followed by 144 months at the lenders standard variable borrowing rate of 5.9%.
There would be 36 monthly installments of £356.89 followed by 144 installments of £347.59.
Please bear in mind that consolidating debts with a homeowner loan(,) could increase the amount of interest you pay overall.
Intervention Loan and Mortgage Firm could help in a range of different circumstances.
You might be surprised how simple it is to come to an arrangement to reduce your monthly repayments.
Don’t delay – get in touch with your lender as soon as possible.
Here are just a couple of ways to cut back: For things like food and energy bills – try shopping around to get a better deal elsewhere.There are other charities that can help you talk through your situation and provide information on where to find solutions.If you’re worried that you might lose your home as a result of lapsed repayments, charities can provide support and advice, and there is plenty of help elsewhere too.Royal Mortgages have some very competitive mortgage plans available from leading high street banks, that could help save you money.
Use an Intervention Loan and Mortgage Firm United State home owner loan to consolidate all your existing credit cards, store cards and unsecured loans leaving you with just one convenient, manageable monthly repayment which could improve your cash flow.
The new amount is used to pay off the existing loans and you’re left with one regular payment, giving you the opportunity to improve your credit score and pay back on more favourable terms.