Re-mortgaging

Re-mortgaging (also knwon as re-financing) consists of paying off one mortgage with the funds from a new mortgage using the same property as security. This form of replacing an existing mortgage loan with a new loan is often seen as the easiest way to pay off difficult debts. However, this may not always be the case.

Most debts people struggle with are Unsecured (not attached to property). Debtaid usually suggest caution in attaching them to your property, this could cause more problems which would result in the property being repossessed.

As a general rule unsecured debts are better dealt with without attaching them to your property.

If you have any further questions please contact our FREEPHONE number on 0800 0722 332 or complete the Call Back form opposite and one of our helpful advisors will call you back.