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What is a divorce remortgage?
If you’re going through the stressful process of divorce you may find it hard to focus on such things as finances and repayments. Not only can these factors be easily neglected, but it can also be confusing trying to work out how to refinance based on your new circumstances. Divorce remortgages can help you rearrange your finances, including helping if one partner wants to buy the house from the other. A divorce remortgage also helps you to factor in other legal details and help avoid missed payments or financial problems.
Specialist divorce remortgage rates and deals
With divorce rates so high in the UK, lenders have become more sympathetic and flexible when it comes to divorce. Divorce remortgage rates can be very reasonable and some of the best on the market. You may also want to take a look at some of your repayment options:
Repayment/Capital and Interest. This is traditionally the most popular and simple method of repayment. Each month your payments cover the interest plus part of the capital.
Interest only. With this type of deal you only pay off the interest 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.
Investment backed. Similar to an interest-only remortgage, except that you agree to invest the money saved in a policy such as an equity plan etc.
Part and part. A combination of both interest only and repayment mortgages.
Find the lowest divorce remortgage rates
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