Debt Consolidation

Debt Consolidation- are available through our panel of debt consolidation mortgage specialist lenders.

We are able to remortgage your existing property and by debt consolidating we can secure competitive re-finance and debt consolidation remortgages. A debt consolidation mortgage may be a solution if you are struggling to pay loans, credit cards, your current mortgage and other debts.

It is not however, the right solution for everyone and we will assess whether it is in fact the most suitable and affordable solution to the problem. Whilst all your debts will be included into one mortgage payment it is important to understand that if you consolidate debt, you will be paying interest for the term of your mortgage which could be significantly longer than the period over which your loans or credit cards were set up.

You should think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Debt consolidation mortgage rates are often much lower than the interest payable on loans and credit card balances which will hopefully reduce your monthly outgoings. However, given the extension of the loan or credit card, through a debt consolidation mortgage, the overall amount of interest you will pay to the mortgage provider may significantly rise and that is why there is a need to take appropriate financial advice.

In addition, by securing unsecured debt onto a mortgage, the finance then becomes secured and this may increase the risk of losing your house if you cannot keep up the repayments.

These are very real and difficult issues which need to be fully considered before considering debt consolidation mortgages.

Capital Fortune have the expertise and experience to assess the viability of debt consolidation and if appropriate we will seek to place you with the most appropriate debt consolidation mortgage provider. We may however recommend other debt management solutions including negotiating with your current loan or credit card companies to simply see if you can freeze interest or enter into some form of settlement.

Our advice will always depend on what is appropriate to your individual circumstances. Sometimes taking out a further mortgage is not the answer.

Our debt consolidation mortgage advisers have assisted numerous individuals looking to undertake both debt consolidation mortgages and general debt management.

We will discuss your debt consolidation mortgage needs and if we deem the remortgage is both suitable and affordable we will package and present the application to our UK mortgage lenders on your behalf. In the event, we do not deem it appropriate we will be able to offer appropriate debt management advice.

Call us today on 0845 3 630 430 or Enquiry Online.