Do you feel
overwhelmed
by debt? 

Do you feel overcome by debt? 

If you are struggling with the rising cost of living, are worried about spiralling debt and out of control credit cards, then debt consolidation could be the answer.

Helping make debt affordable 

If you have unsecured debt, such as short term loans or credit cards, combining all your debt into an affordable monthly payment could make repayments easier to manage. The entire debt can be secured against your property, in addition to your mortgage, and can be paid back over a longer period of time.

Why debt consolidation is worth considering

  • Find a cheaper mortgage rate with a lower interest rate

  • Reduce overall repayment amount

  • Releases money that can be spent on other things

  • All debts are repaid in one, easy to manage monthly payment

  • Opportunity to raise money for home improvements

Debt consolidation
made easy

With debt consolidation, there’s a lot to consider including risks around securing debt against your property and the overall cost of the debt over the longer term. 

Our mortgage advisors are fully trained and can give expert advice. They will weigh up the pros and cons and take you through the process step by step. They may also discuss alternative options with you and suggest the right approach for your individual circumstances. 

You should always think carefully before securing any other debts against your home.
Your home / property may be repossessed if you do not keep up repayments on a mortgage.
You may have to remortgage which may incur fees. 

A simpler mortgage journey

Our experienced advisers will work with you to find a mortgage that meets your needs, ensuring the process is as fast, and stress-free as possible.

Your mortgage review 
An initial consultation to discuss your mortgage requirements and to gather necessary information.
Your mortgage options
We will present options from thousands of deals and advise you as to what may be the most suitable.
Your application
We offer a fully managed application process, you can relax knowing we will be there for you every step of the way.
Congratulations!
Your mortgage journey is complete.

FAQ’s

Debt consolidation is a way of refinancing your debt using the funds from your mortgage to pay off your debt balances. Stored equity in your mortgage is released to pay off the debts taking the pressure off your monthly outgoings and reducing your payments to once a month. 

One plus point is that you’ll be paying a lower interest rate which could be better value than short-term borrowing. Other advantages include a lower overall monthly payment, one single payment every month and you only deal with one lender. You may also want to use the money for home improvements, for an example, an extension or new kitchen.
Our advisors are specialised in this area, they will weigh up the pros and cons and suggest solutions that could work for you based on your individual situation. 

There can be drawbacks to this approach. These include your home being at risk of repossession if you can’t keep up with repayments, you could end up paying more over a longer period and there are usually charges for setting this up. Your equity is also reduced, meaning the value of the property you own is less.
Our advisors will listen to your situation, provide a balanced view and discuss other possible options with you that you may not have been considered.

Yes, there are different schemes available ranging from the government’s ‘Mortgage Guarantee Scheme’, to shared ownership and the house-building industry’s ‘Deposit Unlock scheme’. Everybody’s situation is different so it’s advisable to book an appointment with one of our experts, to ensure you get the right advice for your situation.

Take that first step

We are here for you when you need us. Find out how we can help you by getting in touch today.