DEBT CONSOLIDATION REMORTGAGE

By consolidating your debts into one repayment plan by remortgaging your property, you may be able to reduce your monthly outgoings. You would release some of your property's equity and use this to pay off other debts. At Mortgage Wise, we specialise in finding the right remortgage for you to help consolidate your debts.

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

Remortgage for Debt Consolidation - what you need to know:

Debt consolidation remortgage is the process of raising capital in order to secure previously unsecured debt, with the objective of either reducing their total monthly outgoings or to pay back debts more efficiently.

For example, if you were to remortgage your property and free up a lump sum of £7,000 to pay off an outstanding credit card debt in full, you may be saving yourself months of credit card repayments (and interest) against a slight monthly increase in your mortgage costs.

Read up all about debt consolidation remortgages in our debt consolidation FAQs here.

Am I eligible for a debt consolidation remortgage?

Borrowing against your property to manage and reduce other debts is fairly common. At Mortgage Wise, we are committed to helping people with different financial situations, starting with a chat to understand whether a debt consolidation remortgage is the right option for you. Get in touch with us today by using one of the links above. Alternatively, you could call us directly on 03332070522 (our offices are open Mon-Fri, 9:00-7:30 pm).

 

How we can help

Understand your situation: We work with you to understand and analyse your debt situation and whether debt consolidation is the right solution for you.

Tailored solution: We use our  tools and experience to evaluate various options and come up with the most suitable recommendation to achieve your remortgage objectives, whether it be reducing your outgoings or repaying your debt over a more comfortable time frame.  

Help you stay in control: We will continue to provide ongoing service in the form of reviews. Unlike other advisers, we stay appraised of your financial situation through yearly calls and look at ways to help you pay back your mortgage as efficiently as possible. We can also help with your financial planning, find out more by visiting www.wisefp.co.uk

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Filling out your details will not have any effect on your credit rating.  An advisor will contact you once you've submitted your details.

Is debt consolidation right for me?

It is important to understand that whilst repaying debts within the mortgage can potentially save you money, it could also end up costing more in the long run.

How can I reduce my monthly outgoings?

By consolidating debts it may be possible to reduce your overall monthly outgoings because the interest rates are generally more competitive.

How can I repay my debt quicker?

For some people, paying back their debts quicker and more efficiently is the main objective of a debt consolidation remortgage.

Speak to the experts

Mortgage Wise advisers are on hand to speak to you today. Whether you’re looking for a face-to-face appointment or a quick chat on the telephone, we are here to provide the mortgage broker advice you need for your next mortgage.

Let us handle everything

From application to liaising with lenders, solicitors and estate agents - we handle it all.
Our dedicated processing team to ensure your application is handled smoothly until the day you complete.

We provide a lifetime service

We’ve built our reputation on long lasting relationships with our clients. You will recieve regular contact from us beyond your initial application. When it’s time to remortgage, we will be in touch to discuss your options. Let Mortgage Wise take the hassle out of managing your mortgage.

The right remortgage for you in just three steps!

Compare the market

Call us or send an enquiry to get the ball rolling.

Complete your application

Our experts will handle all of the admin.

Let us do the hard work

We will chase everything for you and keep you updated until completion.

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Speak to our expert advisers today for assistance

We’ve built our reputation on long lasting relationships with our clients. You will recieve regular contact from us beyond your initial application. When it’s time to remortgage, we will be in touch to discuss your options. Let Mortgage Wise take the hassle out of managing your mortgage.

*Our phone lines are open Monday through to Friday, from 9:00 am till 7:30pm.