Debt Consolidation

Debt consolidation mortgages are single loans taken out using the available equity in your property to help pay off debts such as car loans or hire purchase agreements. By releasing some of the money already paid, you could reduce the amount of debt you owe, simplify your budget, and take pressure off your finances.

This could reduce your overall monthly payments or total amount payable, but by adding the debt this may increase the mortgage over a longer period of time or payments of greater interest over a longer period of time.

*Think carefully before securing any other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it