You’ve decided to re-mortgage because your existing mortgage product has expired and you want to achieve a better rate or you need to release funds from your home for –
- debt consolidation
- home improvements
- purchase other property
- divorce or separation settlement
Whatever the reason, our Advisers offer a personalised and considered service to help you in finding the best deal to suit your needs. PLEASE REMEMBER YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Think carefully before securing other debts against your home. Consolidating debt may reduce your outgoings now, however you may pay more interest over your mortgage term. Your home may be repossessed if you do not keep up repayments on your mortgage.
Debt consolidation is not always the most suitable option, 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, you can find out more by contacting the money advice service:
There may be fees or other conditions to take into consideration if you wish to re-mortgage, so it is beneficial speaking to one of our Advisors to see what options are available to you.