Consolidating personal debts into a mortgage is a common way of bringing all of your debts under one roof and can help to make your finances easier to manage, reduce your total monthly outgoings down and reduce the interest rate charged to these debts, however, serious consideration must be given to securing these debts against your home whilst also any potential impact of extending your personal debts over the mortgage term. Our expert advisers have years of experience in assessing the suitability of a remortgage for debt consolidation. Contact us today and see how we can help you.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. You may have to pay an early repayment charge to your existing lender if you remortgage.