A remortgage may be appropriate where you are able to borrow at a lower interest rate to pay off other borrowings over a longer term.

You have to:

• Be a homeowner
• Have equity in your home
• Need to have sufficient disposable income to pay the monthly increase in your mortgage.

The advantage of a remortgage are:

• Interest rates are less than unsecured loans or credit cards
• You are able to pay over a longer period of time
• There are different types of mortgage products allowing some flexibility of repayment

It is very important to take expert advice.  Remortgaging in a difficult financial situation can incur substantial fees.  The consequences of not taking specialist advice can be very costly.

Veritas Mortgages are an independent but associated company.. Their charges are competitively set to the whole market and they will actively seek the best deal for you. They are FSA regulated. 

NB: Your home may be at risk if you do not keep up repayments secured on it.