The “Credit Crunch” and subsequent decline in property prices has greatly reduced the availability of mortgages and secured consolidation loans for anyone with negative credit history or who is carrying significant amounts of unsecured debt.
Despite this there still is mortgage and secured loan availability in some cases and the option of consolidating debt may be appropriate for some people. This option comes with the significant warning that a failure to make the contractual repayments on an increased mortgage or secured loan could directly lead to the loss of the home.
Advice regarding mortgages is a seperately regulated area upon which this site cannot provide specific advice. We do however have respected and experienced mortgage brokers (and secured loan brokers) within our network of contacts.
Please contact us if you would like to be introduced to such a broker about whom we have had good feedback from previous clients.