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Are you looking to remortgage and

consolidate some short-term debt

into your mortgage as well?

Debt Consolidation

If so, why not start that journey with confidence by receiving expert advice from a mortgage specialist, who started work as a mortgage broker in 1999.  However, I should say that debt consolidation isn't suitable for everyone and it's really important to get the right advice...

A debt consolidation remortgage would normally be used to reduce your overall monthly

commitments by consolidating other loans &credit cards etc.  However, it almost certainly means increasing the length of term of the debts and therefore the total amount repayable.

For example lets say you have a loan that you pay monthly for 5 years, after 5 years the loan

would be paid off. However you could consolidate that into the mortgage but that loan amount is now being paid potentially over a much longer time frame.  


This would actually increase the overall cost of the interest you pay in total, so you have to be aware that you would be securing previously unsecured debts against your property and this in turn means that

you are reducing the amount of equity you have in your home or property, and putting it at risk should

you not be able to pay the mortgage payments at any stage.

Some good things about debt consolidation re-mortgages may include that you’ll almost certainly

change your mortgage lender, often to a better deal if you’re on what’s called a standard variable

rate.  You’ll only have one monthly payment if you consolidate everything together, along with the

peace of mind that you know exactly how much you’re paying out per month.  You might even be

able to free up some disposable cash month to month.

There’s often a downside to everything though so don’t forget this is why you need to take make sure it’s suitable for you and your circumstances. As I've already said, your monthly mortgage payment could go up as you’re borrowing more money & chances are if you’re stretching a

5yr loan over 25 years you’re going to pay more in total interest.
You might have to pay fees to switch your mortgage or even fees to set up the new mortgage so all

these have to be taken into account .

Whether you'd qualify to apply would depend on a number of factors, including the amount and

frequency of your income, your employment record, the current value of your home and how

much equity you have, the size and type of debts you’re wanting to consolidate into your home,

the length of time you have left on your current mortgage and your credit history.

But...whatever your situation, my advice in the first instance would be to either give me a call directly,

or book an appointment (CLICK HERE to do this right now), tell me what you're looking for, ask me

whatever questions you need to, and let's see if I can help you...would that be ok? 

Speak soon,


Contact Me Directly 

David Tarry MBA

Merewood Financial Services

57 Park Road


United Kingdom

PO31 7LY


Or Call 01983 875151 - 0207 867 3990 - 0771 476 2597

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Merewood Financial Services is a trading style of David Tarry, who is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority.  Telephone calls made to Merewood Financial Services and/or The Right Mortgage Ltd may be recorded and used for training and/or regulatory purposes.

Your home may be repossessed if you do not keep up repayments on your mortgage.  

Please ensure that you can afford the repayments before entering into a credit agreement.

We are not authorised to provide advice on Investments, Tax Advice, Pensions and Savings but can refer customers to a specialist who can assist in this area. The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.  

Some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority.

No fee is payable for our service in relation to mortgage contracts. We will be paid commission by the lender; the amount of the commission due to be paid is available upon request and will be disclosed via the mortgage illustration.

©2021 by Merewood Financial Services.