 Debt Consolidation
Re-mortgaging can offer an alternative for debt repayment. Other debts may carry higher interest rates charges or be based over shorter terms which can make them expensive and create financial pressure.
If the value of your home is greater than your current mortgage this creates equity which can be used to pay off other debts. This can help to ease financial pressure.
Increasing the term over which the loan is repaid could, in some circumstances, increase the total cost of the debt.
Think carefully before securing other debts against your home. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Please note we may charge a fee for our service which can be up to a maximum of 1% of the mortgage balance on completion of your new mortgage.
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