Hill Finance

 Re-mortgages

Home Page

Secured Loans

Loan Repayments

Quick Application

 

WHAT IS A RE-MORTGAGE ?

A remortgage simply repays the existing mortgage (and second mortgage) to raise extra money, or release funds where there is no existing mortgage. Like secured loans, re-mortgages have become a very popular means of borrowing in the UK. Lenders have been able to provide a multitude of schemes to a wide cross section of home owners. Hill Finance, in conjunction with a major lender offer one re-mortgage plan designed primarily for borrowers not qualifying elsewhere.

 

WHO QUALIFIES ?

You need to be a home owner. If you do not want to settle your existing mortgage, go to the secured loans page. You should be either employed (full or p/t), self employed, receiving pension or state benefit. We can accept maintenance income, cash in hand, child benefit, tax credits, overtime, bonuses, etc. You should be over 18 with no upper age limit.

 

HOW MUCH CAN I BORROW ?

Re-mortgages are available from £5,000 up to £250,000 with repayment periods from 5 - 25 years. Payments are made monthly.

 

USE OF MONEY

You can use the re-mortgage for ANY PURPOSE. The usual reasons are for debt repayment eg. consolidation of existing mortgage, loans, credit cards & HP, home improvements, holidays, capital raising, business purposes, vehicles or any combination of the above.

ANY CHARGES ?

The plan is designed for speed of completion, simplicity, and without the need to engage a solicitor.

There are no up-front arrangement, legal or valuation fees. Any charges are clearly described in the offer documents, added to the mortgage balance and included within the agreed monthly mortgage payments.

 

IF YOU ARE SELF EMPLOYED

If you are unable to prove your income with accounts or self assessment documentation, we can offer you a 'self declaration' loan. The lender simply needs to see you are  self employed by way of providing a letter head, business card, CIS card, or other means (phone us if you need assistance with what would be acceptable).

 

CREDIT RATINGS

Worried about your credit rating? We have many schemes accepting or ignoring bad credit. If your having a bad time currently, or suffered in the past, dont be afraid to make an application. Problems show themselves in many ways - County Court Judgements (CCJ's), Defaults, IVAs, Bankruptcy, cautions, arrears on credit of one month or more, mortgage arrears, are the most common. Other influences are not showing on the voters roll, no bank account, and 101 other things which most 'High Street' lenders include in their point scoring systems.

The good news is that our lenders do not use credit scoring!

 

Your Home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

Think carefully before securing other debts against you home.  Hill Finance is authorised and regulated by the Financial Services Authority for the provision of mortgage advice and arranging insurance.