123-Mortgages is now able to offer free remortgage quotes to people in any financial circumstances.

123-Mortgages is now able to help customers to get a mortgage, even if they have bad credit, mortgage arrears, county court judgments, or have to self certify income!

People who are struggling to meet their mortgage payments may want to consider changing their mortgage provider. In the UK alone thousands of people are in mortgage agreements which are costing too much money each month, effectively crippling them financially.

Most families have a limited monthly income which they have to live within. This normally includes rent or mortgage payments, EVERY month, regardless. Mortgage payments can be substantially reduced by switching to another provider.

Some mortgage companies in the UK are now even able to offer cashback deals, giving away a lump sum to do some DIY or get a new car. It is worth getting as many quotes as you can from various different mortgage providers as there is a very good chance that they will be able to reduce ongoing mortgage costs.

Many people are scared by the term 'remortgaging' - not really understanding the process properly. It really is a very simple process which means simply moving your loan from one mortgage company to another, and normally a change in the interest rate, and term of the mortgage.

Even people who have missed payments to their existing mortgage provider can find a new mortgage provider, and make a new start. Look for a provider than can deal with bad credit, ensuring that they are regulated by the FSA (Financial Services Authority) – get a quote – and then repeat the process several times.

It's always a good idea to check what the interest rate on your new mortgage will be - as although the new mortgage may save money each month, the entire mortgage may become larger as a result of the new rate.

This process of reducing your payments could end up costing more in the long run, so do ensure the small print is understood.

Home owners are actually in a pretty good position, even if some debt is present. Actually owning a home does open up various lending possibities.

Get more information on remortgaging from 123 Mortgages

http://www.123-mortgages.co.uk