Credit Repair Remortgages

(PRLEAP.COM) Enable Finance is pleased to announce a new mortgage product funded by Mortgages PLC; a credit repair product specifically designed to help borrowers wanting to satisfy an existing Individual Voluntary Arrangements with an IVA remortgage or mortgage.

The number of IVAs is on the increase in the UK, with 12,228 IVAs being registered in the third quarter of 2006. This is an increase of 117.9% on the same period last year, according to the Insolvency Service.

The mortgage product is available on a semi-exclusive basis via a limited number of distributors Enable Finance being one. There is a choice of a one-year fixed or tracker with rates depending on LTV and credit status.
After 12 months, the borrower can then remortgage away to another lender or back to Mortgages PLC, if that represents best advice.

Pete Thomson, sales director at Mortgages PLC, says: “There has been a rapid increase in the number of IVAs and this product gives borrowers an opportunity to clean up their credit record and transfer onto a mainstream mortgage in as little as one year. "There are very few mortgage products which cater for borrowers with IVAs and, with most general credit repair products, it’s normal for mortgages to carry early repayment periods of 2-3 years.”

Enable Finance are proud to be involved with this fantastic new remortgage and mortgage product allowing our customers to repair their credit rating without having to stay with the mortgage lender for 3 years after completion.

To apply visit Enable Finance Remortgage Quotes

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