Debt Consolidation Remortgage Advisor in Lincoln

Debt Consolidation Remortgage Advisor in Lincoln

Considering consolidating credit card debt into your mortgage may see like an easy way of dealing with your debt. Consider this move wisely and in detail before you decide.

Consolidating unsecured credit into your mortgage is a step not to be taken lightly. This is due to the fact that you are taking your credit card debt – debt which is unsecured. Then securing it on your home.

You also will probably know that you will end up paying back more interest because you are likely to be paying this back over a longer period of time.

However, by consolidating your debt into a mortgage you will be reducing your monthly outgoings, which could be the objective you are working towards.

Debts can have been accumulated due to home improvements that you have made to your home. In most instances having also increased the property’s value. Other times it’s just that the debt has been outstanding for several years in other areas and expenditure and it can be hard to reduce this debt.

You could consider taking out zero % credit cards and take the sensible step of looking for a new card when the zero % period ends. However, it’s not guaranteed that you can always get a transfer and it’s when that happens that home owners decide to take action. Consolidate rather than pay a double figure interest rate is often preferable and more manageable.

Take Advice When Looking at Debt Consolidation & Remortgage

A debt consolidation remortgage is not something most people would want to arrange without taking advice. Speak to a Broker and you will benefit from the consumer protection which is in place and a suitable mortgage will be recommended to you, tailored to your specific needs. Note that the Broker works for you and not the Lender so will ensure you get the right outcome.

The savings some people make are hundreds per month if they are carrying large debts and some people prefer to have everything within one monthly payment too.

Remortgage Advice in Lincoln


Lincolnmoneyman.com & Lincolnmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2023 Lincolnmoneyman

Lincolnmoneyman, Commerce House, Outer Circle Road, Lincoln, LN2 4HY.

Moneyman Logo







Moneyman Logo




Moneyman Logo

Ask Your Question





    Moneyman Logo

    Moneyman Logo







    Moneyman Logo

    Book your Free Consultation

    7 Days 8am - 10pm

    Moneyman Logo

    Moneyman Logo