Remortgage – Credit Card Debt Consolidation

Debt Consolidation

 

Are you looking to Consolidate your Debt?

If you are struggling to make debt repayments along with your mortgage and have enough equity in your property, we can consolidate your credit card and loan debt with a quick remortgage so that you will simply make one low monthly payment.

The maximum mortgage loan you can take out on your property is around 90% of the current value.

 

Recent Customer Example:

Debt (Cards and Mortgage)

💳 + 💳 + 💳 + 🏠  = £1,145 per month

Debt Consolidation Remortgage

🏠 = £746 per month

 

Clear your Credit Card Debt and Loans

 

We can look at your current budget and current debt repayments and work out the best remortgage solution. We could save you hundreds of pounds on your monthly debt repayments.

Mortgage interest rates are typically much lower than loan and credit card interest rates.

It is important to remember though that by consolidating your debt with a remortgage, you will be paying off the debt over a longer term. This will more than likely mean that your total cost for debt repayment will be much higher.

For most people, it is about making the repayments more affordable if you are struggling to meet your current monthly commitments.

 

Get a Debt Consolidation Remortgage Illustration

 

With Glow, you can arrange your debt consolidation remortgage quote online with no need for an appointment or a phone call. We will aim to send you a debt consolidation quote within 2 working hours.

Try our automated mortgage chatbot:

 

➡ Get a personalised debt consolidation quote

 

How long does it take to consolidate the debt?

A remortgage to consolidate your credit card or loan debt will typically take around 30 days from start to finish. We will aim to complete your debt consolidation remortgage much faster than this. It does depend on the timescales of the mortgage lender.

 

Ben - Author

Author: Ben, Glow Mortgage Advisor (CeMAP, BSc Hons)

First Published: 15th December 2017