HOME

Call us today on 01206 731850

Mortgages First
Strover House
Crouch Street
Colchester
Essex
CO3 3ES

Phone 01206 731800
Fax 01206 731810
enquiries@mortgages-first.co.uk


Legal and general Award 2013 Legal and general Award 2014

Call us today on 01206 731850


See our best buys for. . .
Remortgage

Expenditure Calculator
How much can I borrow?
1st Income £
2nd Income £

* Available to borrow

£
*These figures are intended as a guide only. The actual amounts will depend upon your personal circumstances and could be more or less than shown.

Debt Consolidation

All too often credit cards and other loans can build up becoming difficult to manage. Debt consolidation can be an option, however, it needs to be carefully researched.

You may sometimes find that in addition to your monthly mortgage payments, you have built up other commitments such as credit cards and loan repayments for household goods or perhaps a car you have purchased.

Usually the interest charged on these types of loans is far higher than the interest being paid on your current mortgage and it is sometimes possible to consolidate unsecured debts by adding them to your mortgage, which will often reduce your monthly repayments.

It must be understood though, that in doing this you transfer the debt to one lender and secure the loan against your main asset, your home. In addition it can often lengthen the term of your repayments, and increase the overall interest charged, however in some cases this can still be beneficial and help you get control of your outgoings again.

Here at Mortgages First our mortgage advisors will not only inform you of whether you can consolidate your debts, and provide you with the available options if you can, but they will more importantly advise you personally on whether it is appropriate for you to do so.

So, if you would like to review your options to consolidate outstanding debt please call us today on the telephone number below and speak to one of our qualified mortgage advisors.

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

Our typical fee for arranging your mortgage is £495.00. The exact fee will depend on your circumstances.

Back to top