Fresh Start Finance scours the whole of the UK market for the best part and part remortgage bad credit deals. Our service is easy to use and we won’t charge you any hidden fees or commissions. No matter what your circumstances, we can find the right part and part remortgage deal for you – even if you have a bad credit history (for example CCJs, arrears, defaults or bankruptcy). Call us on 0800 389 6345 for more information and for an immediate decision. This type of deal combines two of the most popular methods of mortgage repayment – capital and interest and interest only. Each type works in the following way:
Capital and interest - This is the most popular method of repayment. Your monthly repayment pays off the interest owed and a part of the initial capital borrowed.
Interest only - With these you only pay off the interest owed each month, so you can put your money into other investments. You will need to pay off the entire mortgage at the end of the agreed term.
The benefit of this type of deal is that you can enjoy the plus sides of both repayment methods without the drawbacks. You won’t run such a high risk of not being able to pay off your mortgage as you would with an interest only deal, but your monthly repayment won’t be as high as with capital and interest repayment. You choose what percentage of the loan you would like to pay off under each type of repayment plan. For example, a remortgage loan may be £150,000. You might choose to pay £100,000 as a repayment remortgage and £50,000 as an interest only deal.
This is a more complex way of handling your remortgage, so it’s wise to ensure that you have discussed this with a professional advisor, and made sure that you have sufficient investment plans for your money.
Find the best part and part bad credit deal with Fresh Start Finance
Phone 0800 389 6345 now for an instant decision on a part and part remortgage bad credit deal. Our friendly, experienced team are waiting to take your call!
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