Get a debt consolidation remortgage quote

A debt consolidation remortgage can be a great way to cut down on your monthly costs and avoid defaulting on your loan commitments if everything is getting too much. A lower monthly payment can make your commitments more affordable and stop bad credit from becoming a problem.

Beware, however, debt consolidation remortgages mean that you can end paying more overall because usually the term is extended. Furthermore, if you are consolidating unsecured debts into a secured loan, your home will be at risk of repossession if you do not maintain your payments.

Provided you have enough equity in your home, it may be possible to consolidate personal loans, credit cards, secured loans and arrears into your mortgage. Given that mortgages tend to have longer terms and lower interest rates, the monthly savings can be considerable.

Almost all high street lenders accept debt consolidation remortgages, but it is important that you receive sound financial advice before consolidating, if only for the risks mentioned above.

At The Mortgage Provider, we have arranged debt consolidation remortgages for our clients for over 10 years. We are independent, directly authorised and ‘whole of market’ so we have access to every debt consolidation lender in the UK. Leave your details below and we will search all of our debt consolidation lenders for the best possible deal for your circumstances.