There are a number of ways that you can consolidate your multiple existing debts. An option for you to consider is consolidating your debt by refinancing your home loan.
Consolidating debt by refinancing your home loan has multiple benefits, depending on your circumstances. Some reasons that you may look to do this include:
Before you decide that refinancing your home loan is the best way for you to consolidate your debts, you need to consider a number of costs that could arise during this process.
Depending on your situation, refinancing can attract a range of fees and other charges, including:
The Mortgage Compare Limited Mortgage Broker can discuss your personal circumstances and help you identify the costs of refinancing your home loan. There's no obligation when meeting with the Mortgage Compare Limited Mortgage Broker and their initial consultation is free.
So how do you get started with refinancing? the Mortgage and Insurance Professioanls expert Mortgage Brokers will help you evaluate your personal situation.
There is a range of information available, both within Mortgage and Insurance Professioanls website and offline, which can help you if you're looking to refinance. This includes tables that compare rates and products from different lenders and a range of calculators to help determine your borrowing power and repayment amounts, including Mortgage and Insurance Professioanls own Mortgage Calculator.
When you are ready to apply, or even if you have more questions before taking the next step, you should speak to an accredited Mortgage Broker.
Mortgage Compare Limited expert Mortgage Brokers will help you evaluate your personal situation, compare the features of hundreds of loans from up to 66 different lenders, and even help with all of the paperwork and other parts of the refinancing process.
Mortgage Compare Limited is bound by the Data Protection Act of 1998, and information provided by you will be held, processed and used by ourselves, professional advisor and any associated companies in servicing our relationship with you, however strict confidentiality will be maintained at all times.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Mortgage Compare Limited which is authorised and regulated by the
Financial Conduct Authority.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.
See our website for our terms and conditions.
Not all Buy to Let Mortgages are regulated by the Financial Conduct Authority
Adverse Credit - The overall rate for comparison is 9.2% APR. The actual rate available will depend upon your circumstances. Ask for a Key Facts Illustration
Right to Buy Mortgages - The overall rate for comparison is 8.9% APR. The actual rate available will depend upon your circumstances. Ask for a Key Facts Illustration
CURRENCY MORTGAGES - CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING VALUE OF YOUR DEBT.
Mortgage Compare Limited is entered on the FCA register under reference number 600521.