How do debt repayment plans affect remortgages?

Tuesday, 31 July 2007 12:00

Does being on a debt repayment plan stop you from remortgaging?
.
Drawing on years of experience mortgage adviser Katie Tucker - of mortgage broker John Charcol (www.charcolonline.co.uk) - takes one of our readers through what it would mean for their finances.

Hayley from Grimsby:
I have recently taken up with a debt management plan and wondered if in the future i will be able to get a mortagage?

Katie responds:
The good news is that you can still remortgage if you have entered a debt management program.

If you have a question for Katie, go to www.myfinances.co.uk/askthemortgageexpert

For more information on the issues discussed here, go to www.charcolonline.co.uk or call 0800 358 5560.

Charcol Limited is authorised and regulated by the Financial Services Authority (FSA registration number 427339). The FSA does not regulate credit cards, personal loans or some investment mortgage contracts. Some Buy To Let mortgages are regulated by the Consumer Credit Act (CCA)

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