Re-Mortgaging
Think carefully before securing other debts against your home. Consolidating debt may reduce your outgoings now, but you may end up paying more overall. Your home may be repossessed if you do not keep up repayments on your mortgage.
Looking to raise capital or find a better rate?
Re-mortgaging can be done for a variety of different reasons. Whether it is to ensure that you are on the best possible rate or to release capital from your home.
You may want to consolidate debts, make home improvements, finance another property purchase or simply to make a large purchase. Whatever you are looking to achieve, our experienced advisors will help you find the best solution.
Debt consolidation is not always the most suitable option and consolidating debts must be carefully considered. It will usually mean more interest over a longer repayment term and there may also be early repayment penalties on your current mortgage. You should think carefully before securing other debts against your home.
There are other ways to manage debt such as free debt advice charities and you can find out more by contacting Money Helper: https://www.moneyhelper.org.uk/en/money-troubles/dealing-with-debt/debt-advice-locator. These services may be more suitable for you.