Remortgage for Debt Consolidation

Compare Remortgages for Debt Consolidation

Latest Deal - NatWest 2 Year Fixed »NatWest Mortgages

Call FREE - 0800 158 2934 

1.41%Reverts to 3.75% after 2 years


Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

A remortgage for debt consolidation can be a useful way of reducing your monthly outgoings and providing peace of mind if you have a number of different debts, such as store and credit cards, hire purchase or personal loans. Call our independent mortgage team on 0117 332 6063.

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.17%

Reverts to 4.24%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

1.42%

Reverts to 3.75%

2

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.38%

Reverts to 4.54%

2

Years

65%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Tracker

1.30%

Reverts to 4.54%

2

Years

70%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Fixed

1.45%

Reverts to 3.75%

2

Years

75%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.42%

Reverts to 4.54%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Tracker

1.59%

Reverts to 3.75%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Tracker

1.79%

Reverts to 3.75%

2

Years

70%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Tracker

1.82%

Reverts to 3.75%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

1.89%

Reverts to 3.74%

2

Years

60%

YesMore Info >
Overall Cost for Comparison 3.40% APRC. This is the cost of the mortgage over the full term.
Fixed

1.82%

Reverts to 3.75%

5

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

2.11%

Reverts to 3.75%

5

Years

75%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.34%

Reverts to 3.74%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

2.49%

Reverts to 4.70%

2

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.49%

Reverts to 4.70%

2

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.42%

Reverts to 3.75%

5

Years

85%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.40% APRC. This is the cost of the mortgage over the full term.
Fixed

2.59%

Reverts to 3.69%

10

Years

60%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.00% APRC. This is the cost of the mortgage over the full term.
Fixed

2.69%

Reverts to 3.74%

5

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.94%

Reverts to 3.69%

10

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

3.34%

Reverts to 3.74%

5

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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Call 0117 332 6063

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Find Remortgage Deals for Debt Consolidation

Benefits of a remortgage for debt consolidation include:

  • Reducing monthly repayments and making your outgoings more manageable
  • Providing equity for other purchases
  • A fixed rate and financial peace of mind
  • Potentially saving money with a better interest rate

When considering a remortgage for debt consolidation, it is important to remember that the debt will then be secured on your home.  You need to be sure you can afford the repayments, and take time to find the right deal for you.  You should also be aware of any fees a remortgage may come with, for example; exit or arrangement fees, charges for early repayment, legal fees, and mortgage valuation costs.

Check out the latest deals below and fill in our enquiry form to compare the market for the best rates and get free advice.

If you are thinking about remortgaging for debt consolidation purposes you may be finding it a little difficult to find an appropriate policy. For many, remortgaging their property is the ideal solution to managing their debts and consolidating them into one simple monthly repayment.


See the tables above and compare prices and policies on a number of different remortgage deals.


Remortgaging for the consolidation of your debts can be beneficial for a number of reasons. Some of the advantages include:

 

  • Combining your debts into one manageable payment
  • You may find a better policy and lower interest rates
  • Releasing capital from you home can help you to pay back some of your debt


Although many people remortgage their property to consolidate debts, many people prefer not to due to some of the risks involved. For example:

 

  • Charges for such things as valuation fees, early redemption charges, switch over fees etc could become expensive
  • If you have other debt problems in the future your home could be in danger
  • If you are unable to keep up to date with your mortgage repayments your home will be at risk


If you are considering remortgaging for debt consolidation then we recommend that you follow these tips below:

 

  • Shopping around and comparing mortgage deals is a great way to find the best prices and policies that are available on the market
  • If you are struggling to find an appropriate deal then you can always speak to a remortgage broker who specialises in finding the most suitable deals that meet your personal requirements
  • Do not assume that the cheapest remortgage for debt consolidation offers are necessarily the best. On closer inspection you may find that the policy is not for you and the prices start to amount
  • Be sure to choose the right product for you. Think about the type of rates you want whether it is a fixed rate, flexible rate or tracker rate


Our easy to use product comparison tables and calculators should help you in finding the best remortgage deal for you.

Top 5 Mortgage Deals

Find a selection below of top mortgage deals based on "loan to value" or LTV - so if you have a 25% deposit or 25% equity in your home click on the 75% LTV tab for latest deals

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.41%

Reverts to 3.75%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.44%

Reverts to 3.69%

3

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Tracker

1.59%

Reverts to 3.75%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

1.63%

Reverts to 3.74%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.94%

Reverts to 3.74%

5

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker