
Find out if Axio Mortgages can help you remortgage for debt consolidation with bad credit in 2023. A new lender that is not featured on the comparison websites. Axio Mortgages have a new open-minded view of people with bad credit.
- New direct lender
- Fast in principal decision with no hard credit search
- Free home valuation
- The full market value applied to all homes including leasehold houses and flats
- Consolidate all your debts including 2nd and 3rd charge loans
- 90% loan to value
- 5.15% fixed for life
- No early repayment charges
- One penalty-free payment holiday per year if you need one
- No lender fees, completion fees or broker fees

How To Remortgage For Debt Consolidation With Bad Credit In 2023
It’s likely that the cheapest money you will ever borrow will be based on the 1st charge on your home.
Because of the lenders level of security, the pledge of an asset that is high quality, then the lender can award you with a good rate, even if you have had problems with defaults, ccjs and arrears in the past.
Is it easy to get a debt consolidation remortgage?
Yes, it can be very easy, just get all your paperwork together to prove to the lender you can afford the payments.
Do debt consolidation mortgages have a lot of fees?
No, for example, Axio Mortgages have no fees at all. And they have a free valuation.
Are Axio Mortgages a regulated mortgage lender?
Yes, Axio Mortgages are an established regulated mortgage lender.
Does a debt consolidation mortgage impact my credit report
No, you can get a debt consolidation mortgage decision in principle without any impact on your credit rating or credit report.
Will my monthly repayments be higher than my existing mortgage payments?
With debt consolidation mortgage lenders, you get a bigger mortgage to pay off your other existing debts, so it’s likely your payment will be higher.
Could a debt consolidation mortgage broker suggest I keep my existing lender?
They could do yes if your existing mortgage deal is a good deal. A secured loan could be a better option for you.
Is there another way to consolidate debt so my monthly payments are lower? I have a poor credit rating.
Debt consolidation remortgages are very common, but if your unsecured borrowing is very high your might be better off with an IVA or DMP.
I have a remaining mortgage balance and multiple lenders 2nd charge mortgage loans. What are my options?
There are other other debt consolidation options without changing your current mortgage provider even with missed payments, you should get professional advice.
How much will my unsecured debt change my mortgage advice?
When you get a remortgage with bad credit the lender they will look at your unsecured debts in your credit file, but your monthly payment and overall interest payments should go down.
How does a debt consolidation mortgage work?
A mortgage advisor will tell you about proving your income and getting your home valued. Release equity with a poor credit score can be expensive with specialist lenders, as not all remortgage deals save money.
Is it a good idea to remortgage to pay off debt?
If the mortgage debt consolidation calculator suggests its practical it can be a good idea. But if you have too much debt it might be worth doing an IVA or debt management.
Should I seek professional advice when it comes to my credit card debts and balance transfer credit cards?
The advantage with credit cards is it is not secured borrowing. So in the worst case you can deal with this debt in a different way to a bad credit history further advance.
For people who are looking for stated income finance in 2023, Ravenwood Services can often help people with a shortage of paperwork or contracts. Even now some lenders are willing to minimise your monthly outgoings with interest-only mortgages. Rate starts at 2% above Bank of England base rate, with some lenders offering deals with fixed rates for 2 to 5 years.
When it comes to credit scoring, self-employed will always score lower than full time employed. The laws in the UK protect the employed at the expense of the employer. What a lender really cares about is a borrower’s ability to service their mortgage. Back in the 2000’s self-cert mortgages were very popular Ravenwood Services can help you to find a mortgage that fits based on today’s lenders’ terms.
How many years of accounts if any are needed?
Two years of accounts from a reputable chartered accountant, a good credit history and an appropriately sized deposit are often all is needed. Many of the mortgages available via Ravenwood Services are the exact same mortgage products as for people with jobs. All the main high-street lenders are willing to accept the self-employed. Some very risk-averse high-street lenders like to see 3 years accounts. But there are many lenders that Ravenwood Mortgage Services know that require much less proof of income. Don’t forget if you have income from buy to let properties, bonds or stocks this may help you also.
Things that might help you:
The following are important but not mandatory: • A good credit score • Up to date accounts, both personal and for your company if you have one • Your SA302s from the inland revenue • Proof of other income including dividends from shares and rental income
What lenders want in 2023?
The more you can offer the lender, the better the deal you will get. Also the more you give to Ravenwood, the more lenders we can start a dialogue with minimising the risk of refusal. Ravenwood doesn’t want you to apply for mortgages you will get refused as it is not good for your credit score. We aim to get your mortgage application right the first time. If you have not got any accounts because you just have not done them and have not paid your taxes it would be unwise to tie up money in an illiquid asset like a residential or commercial property as it would be very quick and easy for the taxman to just take them.
UK Interest Only Self Cert Mortgages
Lenders recently re-entering the mortgage market are offering interest-only terms. Self-cert mortgages are back for the British people. Loan to value (LTV) for borrowers can be 80%, 85%, 90% and even up to 95%.
No Doc Mortgage – interest only?
If you are a high net worth individual and you simply want to cheaply lever up your home to maintain your stock portfolio, self-certification mortgages are an ideal opportunity.
US stocks are a little bit expensive now, but European and UK stocks are still relatively cheap considering how low interest rates still are.
Tipton and Coseley Building Society
Royal Bank of Scotland
Coventry Building Society
NatWest
Yorkshire Building Society
Interest only lifetime mortgage Santander
Halifax
Legal and General
HSBC
Nationwide Building Society
Nationwide
Lloyds
RBS
Traditional lenders Loan to Income Ratios
Many mainstream good credit only prime lenders have an LTI ratio of around 4 to 4.5. Ravenwood has a lender that will consider applications with 6x wages mortgages 2023 at a very good rate below 85% LTV. Better rates at 75% LTV or lower. Also, we have a lender that will consider 95% LTV at 5.5 LTI.
Recently self-employed?
Find out from Ravenwood about a good lender that lends to people with only one year’s accounts. These deals are nearly as good as Self-certified mortgage options from many years ago. In some areas where income was not great Self-certification mortgage penetration was near 70%.
When will selfcert.co.uk come back with money to lend? Well its had to enforce a mortgage with no proof of income, so self-assessment mortgage is a very risky option for a responsible lender.
Rates for a poor credit remortgage don’t need to be much higher than the big banks as long as the loan to value is not very high.


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Remortgages from Ravenwood Services
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No Guarantor
If you are interested in options for financing your home purchase or remortgage with the minimum of paperwork, without the need for accountants and other 3rd party verification please inquire below. Self Cert Mortgages for 2023!
Mortgages For Over 60S Money Saving Expert
Debt Consolidation Loan Direct Lender

https://en.wikipedia.org/wiki/Mortgage_industry_of_the_United_Kingdom#Self-certification