Debt Consolidadtion Managing debt can be very stressful, so it’s great to know a debt consolidation remortgage could help pay off your debts including credit cards, store cards, personal loans and overdrafts with one simple and easy to manage monthly repayment.
Reduce monthly outgoings By consolidating all your debt including credit cards and loans with a debt consolidation remortgage, you could reduce monthly outgoings by £100s each year.
Lower interest rate A debt consolidation remortgage usually comes with a much more favourable interest rate than that of an unsecured loan, credit card or store card.
Simple monthly repayments It’s much simpler and easier to manage your finances by moving all of your debts to just one lender.
An expert mortgage broker at ML Mortgages, Can offer you advice on whether remortgaging to clear debt is the right option for you. However, it’s also a good idea to ask yourself a few questions to help to determine if it’s the right route, based on your personal circumstances.
You might want to consider the following questions: How will remortgaging improve your situation? How much will you need to pay monthly if you remortgage versus other options for clearing the debt? How much more will you pay in interest if you add existing debts to your mortgage? How much will you need to pay in fees to arrange your remortgage? Contact Mark Larkins Mortgages
