Released on = June 17, 2006, 10:33 am

Press Release Author = Andy Ward

Industry = Financial

Press Release Summary = 123-Mortgages is now able to offer free quotes for people
with bad credit, CCJs and mortgage arrears.

Press Release Body = 23-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 a 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 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 borrowing possibities.

Web Site = http://www.123-mortgages.co.uk

Contact Details = 145-157 St Johns Street, London, UK - %phone% - andyward@gmail.com