What do I do about my fixed rate mortgage term ending?
It is important to act as early as possible before your mortgage deal ends. Speak to your lender and see what they can offer you.
It is likely you will be moved onto a ‘standard variable rate’ mortgage (SVR) and this may not work for you.
Find out what you should do now about your fixed rate mortgage ending.
Can I get a mortgage with bad credit?
It can be more difficult to get a mortgage deal you can afford if your credit history shows:
- Missed or late payments
- Court action, including CCJs
- Bankruptcy
- Other markers that tell lenders you have had problems with managing money
Lenders are likely to make you come up with a larger deposit and there may well be higher interest rates. It is very important you check you can afford everything that is covered in the mortgage offer.
Find out more about mortgages and bad credit
Can I remortgage or release equity to deal with debt?
When you come to us for debt advice we will let you know if this could be an option for you and let you know how to get started.
Before going ahead with any solution or financial product you need to be clear about the risks and benefits.
Equity release
If you are over 55, you may be able to release equity from your home. You can release the equity in a lump sum, then use it to clear other debts.
Read our equity release guide
Mortgages and remortgaging
You may be able to get a mortgage deal with a lower monthly payment. This could free up money to repay your other debts. With retirement and residential mortgages your home may be repossessed if you do not keep up repayments on your mortgage.
Read our mortgage and remortgaging guide