Consolidating your personal debts, such as credit card balances and personal loans, into a remortgage can free up monthly outgoings and make finances easier to manage. At Niche Advice we will assess whether debt consolidation is the most appropriate course of action for you and select a suitable product for a host of options we have available including rates up to 90% of your property value.
Debt Consolidation Remortgage
No upfront Broker fees by us. You only pay once the deal completes.
- Remortgage options up to 90% loan value
- Raise money for any legal purpose
- Debt consolidation accepted
- Business purposes considered
- 100% of overtime/bonus/commission used for affordability
- 1 month employment considered
Think carefully before securing other debts against your home
Example Product – Debt Consolidation Remortgage (Residential)
[ezcol_1fifth]Initial Rate: 1.80%[/ezcol_1fifth]
[ezcol_1fifth]Subsequent: 4.24%[/ezcol_1fifth]
[ezcol_3fifth_end]The overall cost for comparison 3.40% APRC[/ezcol_3fifth_end]
The total amount you must pay back, including the amount borrowed is £379,717.71
Features: Consolidated personal debt including loans and credit cards.
| Type and initial benefit period | Fixed until 31/03/2025. |
| Minimum deposit / equity | 15% |
| Valuation fee | FREE |
| Booking fee | £0 |
| Lender arrangement | £1,499 |
| Telegraphic transfer / CHAPS fee | £0 |
| Lender Legal fee charged to your solicitor | FREE |
| Early repayment charge | 4.75/4/3/2.75/1.4% of the amount repaid in the fixed period |
For more information on a Debt Consolidation Remortgage please call complete the enquiry form on this page or call the number below.
You are consolidating your existing financial commitments, you should, therefore, be aware that whilst this may mean you will make short term savings, over the long term, you may end up paying more. This is because you may be extending the period of the loan. You are also transferring previously unsecured debts to a mortgage that is secured on your home. The reason you want to consolidate your existing debts is to reduce your monthly outgoings.
Please also be made aware Lenders tend not to look favorably on applicants that have a repeated history of debt consolidation so future finance, for this reason, maybe hard to obtain.
Important Information
Residential and Buy to Let Mortgages
Rates current at 18/11/2019 . The overall cost for comparison is based on an open market value of £300,000 over a 25 year term. Right-to-Buy examples are based on a discounted purchase price of £200,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibility will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.
