Debt consolidation remortgages.

Want more control over your monthly payments?

By leveraging the capital in your home, you can combine multiple debts into one manageable mortgage, simplifying your financial life and potentially reducing your overall interest rate.

Our heroes are ready to help.

Simplify your finances.

A debt consolidation remortgage can make things easier.

Looking to simplify credit card bills and loans?

Giving you a chance to start fresh, rolling up credit cards and other debts with your mortgage streamlines your monthly commitments, with just one payment to cover everything.

Call 01275 405 050 today or complete your details online to speak to a hero!

You should think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

By adding short term debt to your mortgage you will pay more back over the longer term.

It’s remortgage time!

Complete the short form below and a hero will contact you about your remortgage options.

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Our heroes are ready.

We can help you remortgage to consolidate debt.

Get in touch

Our heroes are ready, day or night. Whether you’re looking to remortgage to consolidate monthly credit card bills or loans, or release capital to pay off debt, we can help and guide you through the process. We aim to get things moving within a few hours!

Find the right mortgage

The Mortgage Heroes will research the whole of market to find an ideal mortgage for you, regardless of your circumstances. We will talk you through the process and let you know what things cost, and what we’ll need to help you apply, and get your remortgage application in process. We do the legwork!

Job done. Hurray!

From declined, to approved! Once we have everything for your debt consolidation remortgage, we will guide you through to the finish line. Following that, we will proactively look to support you in the future to ensure you have the most suitable remortgage in place.

How does remortgaging to consolidate debt work?

Remortgaging to consolidate debt can be done in various ways: either withdrawing a lump sum, converting a portion of your property’s equity into cash to pay off debt, or remortgaging and rolling up existing credit into the mortgage by securing a new mortgage offer and consolidating all bills into one monthly payment.

Should you consolidate debt into your mortgage?

The feasibility of consolidating debt into your mortgage depends on a few different factors.

Suppose you have several costly credit cards and loans with high-interest rates. In that case, remortgaging to refinance debt can be an effective way to group payments together and reduce overall interest, converting a portion of your equity into a lump sum or adding debt to your borrowing to pay off unsecured loans over a longer period.

There are pros and cons to remortgaging to consolidate debt, with the main drawback being that although refinancing using your mortgage can streamline debt interest, you could end up paying more over a longer period, dependant on interest rates and money borrowed. Our role is as a broker is to analyse both short and long-term effects, providing you with a clear understanding.

Getting started

Consolidating unsecured debts into your mortgage such as credit cards and outstanding loans can be an effective way to refinance your debt.

Start your application with us today! We’ll just need to know:

  • Total amount of debt and nature of the debt (e.g. credit cards, loans)
  • The balance of your mortgage
  • Value of the property

Once we have a good understanding of your situation, we can find the most suitable mortgage for you.

Call 01275 405 050 today or submit your details to speak to a hero! We can also call you back at a time that suits you.

You should think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

By adding short term debt to your mortgage you will pay more back over the longer term.

We make remortgaging easy

Want to consolidate debts into your mortgage?

As experienced mortgage brokers, we focus on understanding both short and long-term impacts, ensuring you receive the most suitable remortgage for your needs.

The Mortgage Heroes can help you navigate remortgaging for debt consolidation, getting you on the way to financial freedom.

Heroes for remortgaging now.

And in the future.

Our experienced team at The Mortgage Heroes are passionate about ensuring our clients succeed in getting the most suitable mortgage for them, to assist with your application for a debt consolidation remortgage now and in any future applications. We will be in touch once your mortgage is coming to an end and look at the options available to you.

Save time and money

We can help!

Looking for a seamless and cost-effective solution? Our team at The Mortgage Heroes are brokers specialising in remortgage debt consolidation services. We streamline the process, saving you time and money.

We can help you find the most suitable deal and get you on the road to remortgaging.

How did the heroes help you?

The Mortgage Heroes have arranged a new mortgage for us in the past, and more recently has helped us to remortgage. The service we have received has always been fantastic, we have been kept informed through each stage of the process and the team at The Mortgage Heroes always take the time to explain everything to us in detail. Will always use for future remortgages. Thank you!

Frequently Asked Questions

Things you should know about applying for a remortgage to consolidate debt.

Yes, in many cases, consolidating debts into your mortgage can result in a lower monthly payment. By spreading your repayments over the extended term of your mortgage and potentially securing a lower interest rate, you can achieve greater simplicity in your monthly payments.

It is worth bearing in mind that by consolidating short term debt onto your mortgage you will pay more back over the longer term.

Whether you can refinance your mortgage for debt consolidation hinges on various factors, including your existing debt-to-income ratio (DTI), home valuation and loan-to-value (LTV), determining how much equity you hold in the property. Once we’ve discussed your credit score and other financial implications, we can ascertain your eligibility for a debt consolidation remortgage.

Yes, one of the most effective strategies for managing and paying off debts can be through a debt consolidation remortgage. By leveraging the equity in your home, you can combine multiple debts into one manageable mortgage payment, simplifying your financial life and potentially reducing your overall interest rate.

Although adding a new loan to your credit report can temporarily negatively impact your credit score, consolidating debt into your mortgage offers the opportunity to decrease your overall credit use, potentially reduce interest and reduce your monthly repayment amount, avoiding late or missed payments. This in turn can positively impact your credit rating in the long term.

Absolutely! Numerous lenders will be able to offer a remortgage solution tailored to your needs, even if your credit score is less than perfect. There can be fewer options available however securing a mortgage that fits your circumstances is still achievable. It’s also worth bearing in mind that bad credit remortgages can sometimes come with slightly higher interest rates.

Remortgaging to consolidate debt can help to reduce your monthly outgoings, effectively streamlining everything into a single payment. This can be particularly useful if you have several credit cards or loans with high interest rates. That being said, debt consolidation remortgages can sometimes charge a higher rate than your current interest on unsecured debt or credit cards. This can happen for a variety of reasons, including your current credit score.

You should think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

By adding short term debt to your mortgage you will likely pay more back over the longer term.

Get in touch

We can help you find a mortgage. Contact a mortgage hero today.

01275 405 050
hero@themortgageheroes.co.uk

Heroes available 7 days a week!