Non Status Remortgage
Get A Better Non Status Remortgage Deal
You may simply be looking for a non status remortgage to find a new lender who can offer you better terms than your current provider. A fixed rate, for instance, where the mortgage is due to revert to a much less flexible standard variable rate might seem more enticing. Or you may want to take advantage of the huge savings tracker products are offering right now. Or maybe you want to invest into your mortgage with an offset - your life is always changing, so find out what different non status remortgage deals you could get hold of to fit in with your life.
It could be that your circumstances have improved since you purchased the property and would now qualify for the best non status remortgage products on the market, which were not available to you at the time. A upturn in business, or a better second job or even a better bonus structure might mean that you can use an improved credit score to opt for a lower loan to value and a lower rate loan.
Of course, you may have other reasons for changing lenders. Many people accumulate a variety of debts, which eventually become too costly to meet the payments each month. One of the solutions would be to arrange a new non status remortgage that will also repay some or all of the other debts. By consolidating the debts, the overall monthly commitments can be reduced considerably, which in turn makes it affordable. However you should be aware there are other potential solutions which may not involve switching unsecured debts to a non status remortgage, which could put your home at risk if they fail to keep up the payments.
Other reasons for a non status remortgage would include raising money for improvements, or to buy a joint owner's share of the property, to raise money for another property - or any other capital raising purpose. Right now people have to be sensible with their money, but they also have to be cunning with their investments. That means making the most of your property, your debt, your extra income or your credit score. The best way to do that is by talking to a broker and seeing what non status remortgage you can get your hands on.
