Declined for a Remortgage? Here’s How People in Atherton, Leigh, Tyldesley, Bolton and Manchester Are Still Consolidating Their Debt
If you've been declined for a remortgage — or told it’s "unaffordable" — you're not alone.
We regularly help people across Atherton, Leigh, Tyldesley, Bolton and Greater Manchester who feel stuck with credit card debts, high monthly payments, and no clear way out. Most of them thought remortgaging would be the answer… until their lender said no.
Maybe that sounds like you.
Why Remortgage Applications Are Being Declined — Even for Homeowners with Equity
Lenders are tightening up. We’ve seen people turned down for remortgages due to:
Missed payments or defaults
Credit cards at high limits
Debt-to-income ratio too high
Early repayment charges (ERCs) still active on their mortgage
And sometimes, even with decent equity, the bank says the numbers just don’t work — or the applicant fails the affordability check because of variable income, recent credit activity, or family commitments.
A Real Example: What We See in Atherton, Bolton and Manchester
One recent client from had:
A solid job
Around £22,000 in unsecured debts
Monthly payments totalling over £850/month
She assumed she’d be able to remortgage to consolidate — but her lender declined her due to a missed payment on a personal loan and some recent credit use.
She was stuck between high-interest cards, rising costs, and no way to switch deals without paying thousands in ERCs.
So What’s the Alternative to a Remortgage?
Many people in this position haven’t been told about one key option:
A secured loan (also known as a homeowner loan)
Instead of replacing your mortgage, a secured loan sits alongside it — allowing you to release equity to consolidate debts, reduce monthly payments, and avoid early repayment charges.
In this case, we helped the client reduce her unsecured repayments from over £850/month to £325/month — all without touching her mortgage.
Secured Loans Aren’t Right for Everyone — But For Many, They’re a Lifeline
We’re seeing more and more people in Bolton, Atherton and across Manchester exploring secured loans as a way to:
Reduce outgoings
Catch up on bills
Improve credit over time
Remortgage on better terms later on
And crucially — do it without having to wait years or take drastic action.
If You’ve Been Declined for a Remortgage — You’re Not Out of Options
We help people across Greater Manchester every week who were told “no” by their lender — but still found a way forward through smart, affordable debt consolidation using secured loans.
Want to understand your secured loan options?
We offer free, no-pressure help for homeowners who want to reduce their monthly payments and get a clear plan.
[Click here to learn more or request a free call back]
Learn more about how we provide affordable mortgage advice in Tyldesley, Leigh, and Atherton by visiting our About Us page.
Please note that this blog post is for informational purposes only and should not be considered financial advice. For personalised advice, please consult a mortgage advisor.
YOUR HOME (OR PROPERTY) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.
Understanding Mortgage Debt Consolidation - Streamlining your finances
Utilising Benefits to Secure a Mortgage - A Comprehensive guide