Debt Consolidation Mortgages

Let us find the juiciest quote for you

Consolidate your debts into one manageable monthly sum with a debt consolidation mortgage. With a whole of market choice, First Mortgage can find the very best debt consolidation mortgage deals for you from over a hundred UK lenders. If you find a better deal we will not only match it - we’ll happily pay double the payment difference for the first year!
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What is a debt consolidation mortgage?

Debt consolidation mortgages allow you to reduce your monthly outgoings by consolidating all your debts (credit cards, loans, store cards etc) into one single payment. Because a secured loan such as a mortgage usually offers lower interest rates than credit cards and unsecured loans, you can often save money by consolidating. Even if you have a bad credit history (including CCJs, arrears, bankruptcy or defaults) First Mortgage can help arrange a low APR deal for you.

Is a debt consolidation mortgage right for you?

If you have lots of unsecured loans and credit card debt spread amongst several lenders, the benefits of a debt consolidation mortgage can be significant. Your monthly payments are likely to decrease, often by as much as 60%. However, the payment term is usually longer than a standard unsecured loan, so in the long run you may end up paying slightly more. The decision is whether your priority is reducing monthly outgoings or paying less overall.

Call us on 0845 603 1525 for a free consultation with one of our friendly and experienced team. We are happy to discuss your circumstances and help you choose the best option.

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