Solution Mortgages
20 May 2018
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debt consolidation

If you have debts and are finding them difficult to manage you could consider a debt consolidation loan.

Solution Mortgages specialise in debt consolidation loans via a remortgage. Depending on when you bought your property, it will be likely that you have benefited in the increase in property prices over the years. The value that has built up in your home is called equity.

This equity can be released by way of a debt consolidation remortgage which means you can use the money to pay off other forms of credit. Credit cards and unsecured loans will carry a higher interest rate than that on a mortgage secured to your property.

By taking out a debt consolidation remortgage at a lower interest rate than your other loans and using the money released to pay them off you will lower your monthly payments and make your monthly costs more manageable.

You can also increase the term of your debt consolidation mortgage thus spreading the interest over more months which will reduce your payments further.

Please note if you do consolidate unsecured debts into a debt consolidation remortgage you may end up paying a higher amount in the long term. Similarly if you extend the term of your debt consolidation mortgage you will end up paying more interest over the period.

We use a panel of lenders who will consider applications for a debt consolidation remortgage regardless of your credit history. Even if you have been turned down elsewhere we may still be able to help.

If you are considering consolidating your debts and need a debt consolidation remortgage, please feel free to call Solution Mortgages on 0845 123 1260 or click the Apply Now button and complete the short form online.

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Think carefully before securing other debts 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.