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Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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I have arrears on my mortgage, once I have cleared, can I the

Resolved Question:

I have arrears on my mortgage, once I have cleared, can I the re mortgage to a lower interest rate?
Submitted: 1 year ago.
Category: Law
Expert:  Ash replied 1 year ago.
Hello my name is ***** ***** I will help you.You mean you want to switch mortgage product?
Customer: replied 1 year ago.
Yes I do, I am paying a very high interest rate as I have a bad credit rating.
Once I clear the arrears I want to switch to a low interst rate.
Expert:  Ash replied 1 year ago.
Yes you can. Once the arrears are cleared you can change product or change lender, subject to usual lending conditions.So the answer is yes.Can I clarify anything for you about this today please?Alex
Customer: replied 1 year ago.
Is there any time limit once I have paid the arrears?
Expert:  Ash replied 1 year ago.
No time limit. Alex
Customer: replied 1 year ago.
can you recommend any suitable mortgage companies?
Expert:  Ash replied 1 year ago.
Sadly I cant name any particular company, but here are some brokers:http://www.justmortgagebrokers.co.uk/bad-credit/http://www.mortgages4badcredit.co.uk/Alex
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