{"id":21507,"date":"2022-06-03T06:24:27","date_gmt":"2022-06-03T05:24:27","guid":{"rendered":"https:\/\/helpandadvice.co.uk\/?p=21507"},"modified":"2024-01-28T13:24:22","modified_gmt":"2024-01-28T13:24:22","slug":"remortgage-for-debt-consolidation","status":"publish","type":"post","link":"https:\/\/helpandadvice.co.uk\/remortgage-for-debt-consolidation\/","title":{"rendered":"Remortgage for Debt Consolidation"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"21507\" class=\"elementor elementor-21507\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-61c5bff8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"61c5bff8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-65e1bc46\" data-id=\"65e1bc46\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3c820154 elementor-widget elementor-widget-image\" data-id=\"3c820154\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-32.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-32-300x113.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-32-1024x384.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-32-768x288.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-32.png\" alt=\"Remortgage for debt consolidation\" height=\"450\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-32.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-32-300x113.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-32-1024x384.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-32-768x288.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21524 sp-no-webp\" fetchpriority=\"high\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6dc0cac3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6dc0cac3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5ae0c210\" data-id=\"5ae0c210\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-641ffb93 elementor-widget elementor-widget-text-editor\" data-id=\"641ffb93\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p style=\"text-align: left;\"><span style=\"color: #000000;\">April 2024<\/span><\/p>\n\n<h1 style=\"text-align: center;\">Remortgage For Debt Consolidation in 2024<\/h1>\n\n<div id=\"mediavine-settings\" data-blocklist-adhesion-mobile=\"1\" data-blocklist-adhesion-tablet=\"1\" data-blocklist-adhesion-desktop=\"1\" ><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3e8a3ec6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3e8a3ec6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8265c12\" data-id=\"8265c12\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-564a428b elementor-widget elementor-widget-text-editor\" data-id=\"564a428b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Remortgaging is a fantastic method to get your financial life in order. Remortgaging allows you to obtain a lower interest on your mortgage, resulting in <a class=\"wpil_keyword_link\" href=\"https:\/\/helpandadvice.co.uk\/how-much-savings-can-i-have-on-housing-benefit\/\"   title=\"savings\" data-wpil-keyword-link=\"linked\">savings<\/a> every month. This extra money might be invested to pay off other debts, such as credit cards, faster.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are struggling with <a href=\"https:\/\/helpandadvice.co.uk\/debt-consolidation-bad-credit\/\">debt, consolidating<\/a> your debts into one payment can make things much easier to manage. A lower interest rate might also <a href=\"https:\/\/helpandadvice.co.uk\/101-money-saving-tips\/\">save you money<\/a> over time. Remortgage with <a href=\"https:\/\/helpandadvice.co.uk\/best-way-to-debt-consolidate\/\">debt consolidation<\/a> is a smart way to get your finances back on track.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The main advantage you will see is a substantial decrease in interest rates. The second advantage is to simplify your payments into one single monthly repayment, so there&#8217;s no need to be concerned about numerous monthly payments throughout the month or owing a <\/span><a href=\"https:\/\/www.gov.uk\/county-court-judgments-ccj-for-debt\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CCJ <\/span><\/a><span style=\"font-weight: 400;\">or <\/span><a href=\"https:\/\/www.citizensadvice.org.uk\/debt-and-money\/debt-solutions\/individual-voluntary-arrangements\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">IVA<\/span><\/a><span style=\"font-weight: 400;\"> in the future.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2563ecde elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2563ecde\" 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.elementor-toc__list-item{counter-increment:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item-text-wrapper:before{content:counters(item,\".\") \". \"}<\/style>\t\t<div class=\"elementor-toc__header\">\n\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTopics that you will find covered on this page\t\t\t<\/h4>\n\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\"><svg class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\"><svg class=\"e-font-icon-svg e-fas-chevron-up\" 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elementor-top-column elementor-element elementor-element-70952d0c\" data-id=\"70952d0c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5ad4ee05 elementor-widget elementor-widget-text-editor\" data-id=\"5ad4ee05\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<span style=\"color: #000000;\">You can listen to an audio recording of this page below.<\/span>\n<iframe src=\"https:\/\/play.ht\/embed\/?article_url=https:\/\/play.ht\/drafts\/A0rTnOsV6cNAh2LJIKzXvRMuwrr2\/61LfoDd2I&#038;voice=en-GB-LibbyNeural\" scrolling=\"no\" height=\"90px\" width=\"100%\" frameborder=\"0\" allowfullscreen><\/iframe>\n<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-356e144e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"356e144e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1e01ebce\" data-id=\"1e01ebce\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-59ee7f40 elementor-widget elementor-widget-text-editor\" data-id=\"59ee7f40\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What is a debt consolidation mortgage?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A debt consolidation mortgage is a mortgage which is used to pay off multiple debts or payday loans. By consolidating your current debts into one monthly payment, you can save money on interest and make it easier to manage your finances.<\/span><\/p>\n<h2><b>How does it work?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A debt consolidation remortgage works by using the equity in your home to pay off current debts. The interest on the new mortgage will be lower than the interest rates on your existing debts, so you\u2019ll save money each month. The extra cash may be used to pay off lump sum obligations more quickly.<\/span><\/p>\n<h3><b>For example<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Imagine you had \u00a35,000 on one credit card with interest of 24.5%, a single loan of \u00a310,000 at 11.5% <\/span><a href=\"https:\/\/www.investopedia.com\/terms\/a\/apr.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">APR<\/span><\/a><span style=\"font-weight: 400;\"> and another loan of \u00a37,500 at 16.95% APR. Your debts would add up to \u00a322,500.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over a ten year period, taking interest into account, you could pay up to a huge \u00a345,923 \u2013 \u00a323,423 of which is interest.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, taking out a 10-year debt consolidation remortgage with an interest rate of 5% means you could pay back just \u00a328,638.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-20640916 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"20640916\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-6e0bedad\" data-id=\"6e0bedad\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-1a6ca6df\" data-id=\"1a6ca6df\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a4d10d6 elementor-widget elementor-widget-video\" data-id=\"3a4d10d6\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=lg2w4gHakzs&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-widget-video .elementor-widget-container{overflow:hidden;transform:translateZ(0)}.elementor-widget-video .elementor-wrapper{aspect-ratio:var(--video-aspect-ratio)}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{height:100%;width:100%;display:flex;border:none;background-color:#000}@supports not (aspect-ratio:1\/1){.elementor-widget-video .elementor-wrapper{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .elementor-open-inline .elementor-custom-embed-image-overlay{position:absolute;top:0;right:0;bottom:0;left:0;background-size:cover;background-position:50%}.elementor-widget-video .elementor-custom-embed-image-overlay{cursor:pointer;text-align:center}.elementor-widget-video .elementor-custom-embed-image-overlay:hover .elementor-custom-embed-play i{opacity:1}.elementor-widget-video .elementor-custom-embed-image-overlay img{display:block;width:100%;aspect-ratio:var(--video-aspect-ratio);-o-object-fit:cover;object-fit:cover;-o-object-position:center center;object-position:center center}@supports not (aspect-ratio:1\/1){.elementor-widget-video .elementor-custom-embed-image-overlay{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-custom-embed-image-overlay img{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .e-hosted-video .elementor-video{-o-object-fit:cover;object-fit:cover}.e-con-inner>.elementor-widget-video,.e-con>.elementor-widget-video{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-320e69dd\" data-id=\"320e69dd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ac797e7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ac797e7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-72d01daf\" data-id=\"72d01daf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-12174b53 elementor-widget elementor-widget-text-editor\" data-id=\"12174b53\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>How do I qualify?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">To qualify, you will need to have equity in your home or property. The amount of equity required will vary depending on the mortgage lender, but typically you&#8217;ll need at least 20% equity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You&#8217;ll also need a good credit score and a continuous source of income. Mortgage lenders will want to know that you can repay your <a href=\"https:\/\/helpandadvice.co.uk\/how-long-can-a-debt-be-chased\/\">debt<\/a> consolidation mortgage on time and that you are financially capable of doing so.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cc23bde elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cc23bde\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cc04476\" data-id=\"cc04476\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ba2f877 elementor-widget elementor-widget-text-editor\" data-id=\"ba2f877\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6ab6b91f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6ab6b91f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-35dcfb9a\" data-id=\"35dcfb9a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7e2257c2 elementor-widget elementor-widget-text-editor\" data-id=\"7e2257c2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What\u2019s the difference between a debt consolidation remortgage and a second mortgage?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A second mortgage is a secondary loan which is added to your current loan. A re mortgage with debt consolidation is used to consolidate numerous debts and replace them with one monthly payment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A second mortgage will have a higher interest rate than a debt consolidation loan. Because the lender\u2019s risk is greater &#8211; if you default on the loan, they may lose their money &#8211; this is true for both debt management and second mortgages.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Second mortgages are often shorter in duration than debt consolidation mortgages. This means that you\u2019ll pay more interest over the life of the loan.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-46da1afd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"46da1afd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-18a80ca1\" data-id=\"18a80ca1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-153e50d5 elementor-widget elementor-widget-text-editor\" data-id=\"153e50d5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>What&#8217;s the difference between a debt consolidation remortgage and a home equity loan?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A home equity loan is a type of second mortgage. Like a debt consolidation mortgage, a home equity loan uses the equity in your home to pay off other debts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The main difference between a mortgage consolidation and a home equity loan is the interest rate. A home equity loan generally has a higher rate than a <a href=\"https:\/\/helpandadvice.co.uk\/debt-consolidation-options-in-the-uk\/\">debt consolidation<\/a> remortgage. This is because the risk is higher for the lender \u2013 if you default on the loan, they could lose their investment.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e3209a9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e3209a9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b63cc68\" data-id=\"b63cc68\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b7ee2dc elementor-widget elementor-widget-text-editor\" data-id=\"b7ee2dc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-70c1d08c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"70c1d08c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-77e2b974\" data-id=\"77e2b974\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d78f47c elementor-widget elementor-widget-image\" data-id=\"d78f47c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-18.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-18-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-18-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-18-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-18.png\" alt=\"debt consolidation remortgage\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-18.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-18-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-18-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-18-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21525 sp-no-webp\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a395ac0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a395ac0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ec9a8c4\" data-id=\"ec9a8c4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-13215e6e elementor-widget elementor-widget-text-editor\" data-id=\"13215e6e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>When would remortgaging to pay off debts be a good idea?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">There are a few situations where remortgaging to pay off debts might be a good idea:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you\u2019re struggling make monthly repayments on your existing debts or existing mortgage<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you\u2019re paying high interest rates on your current debts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you want to make your finances more simple by consolidating your debts into one monthly payment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you\u2019re looking to save money on interest over time<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7230d1ec elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7230d1ec\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-28159f3d\" data-id=\"28159f3d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-884cac6 elementor-blockquote--skin-quotation elementor-blockquote--align-center elementor-blockquote--button-view-icon-text elementor-blockquote--button-skin-classic elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"884cac6\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor-pro - v3.12.2 - 09-04-2023 *\/\n@charset \"UTF-8\";.entry-content blockquote.elementor-blockquote:not(.alignright):not(.alignleft),.entry-summary blockquote.elementor-blockquote{margin-right:0;margin-left:0}.elementor-widget-blockquote blockquote{margin:0;padding:0;outline:0;font-size:100%;vertical-align:baseline;background:transparent;quotes:none;border:0;font-style:normal;color:#3a3f45}.elementor-widget-blockquote blockquote .e-q-footer:after,.elementor-widget-blockquote blockquote .e-q-footer:before,.elementor-widget-blockquote blockquote:after,.elementor-widget-blockquote blockquote:before,.elementor-widget-blockquote blockquote cite:after,.elementor-widget-blockquote blockquote cite:before{content:none}.elementor-blockquote{transition:.3s}.elementor-blockquote__author,.elementor-blockquote__content{margin-bottom:0;font-style:normal}.elementor-blockquote__author{font-weight:700}.elementor-blockquote .e-q-footer{margin-top:12px;display:flex;justify-content:space-between}.elementor-blockquote__tweet-button{display:flex;transition:.3s;color:#1da1f2;align-self:flex-end;line-height:1;position:relative;width:-moz-max-content;width:max-content}.elementor-blockquote__tweet-button:hover{color:#0967a0}.elementor-blockquote__tweet-button span{font-weight:600}.elementor-blockquote__tweet-button i,.elementor-blockquote__tweet-button span{vertical-align:middle}.elementor-blockquote__tweet-button i+span,.elementor-blockquote__tweet-button 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svg{fill:#fff;height:1em;width:1em}.elementor-blockquote--button-skin-bubble.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button,.elementor-blockquote--button-skin-classic.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button{padding:0;width:2em;height:2em}.elementor-blockquote--button-skin-bubble.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button i,.elementor-blockquote--button-skin-classic.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button i{position:absolute;left:50%;top:50%;transform:translate(-50%,-50%)}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button:before{content:\"\";border:.5em solid transparent;border-right-color:#1da1f2;position:absolute;left:-.8em;top:50%;transform:translateY(-50%) scaleY(.65);transition:.3s}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-left .elementor-blockquote__tweet-button:before{right:auto;left:-.8em;border-right-color:#1da1f2;border-left-color:transparent}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-left .elementor-blockquote__tweet-button:hover:before{border-right-color:#0967a0}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-right .elementor-blockquote__tweet-button:before{left:auto;right:-.8em;border-right-color:transparent;border-left-color:#1da1f2}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-right .elementor-blockquote__tweet-button:hover:before{border-left-color:#0967a0}.elementor-blockquote--skin-boxed .elementor-blockquote{background-color:#f9fafa;padding:30px}.elementor-blockquote--skin-border .elementor-blockquote{border-color:#f9fafa;border-left:7px #f9fafa;border-style:solid;padding-left:20px}.elementor-blockquote--skin-quotation .elementor-blockquote:before{content:\"\u201c\";font-size:100px;color:#f9fafa;font-family:Times New Roman,Times,serif;font-weight:900;line-height:1;display:block;height:.6em}.elementor-blockquote--skin-quotation .elementor-blockquote__content{margin-top:15px}.elementor-blockquote--align-left .elementor-blockquote__content{text-align:left}.elementor-blockquote--align-left .elementor-blockquote .e-q-footer{flex-direction:row}.elementor-blockquote--align-right .elementor-blockquote__content{text-align:right}.elementor-blockquote--align-right .elementor-blockquote .e-q-footer{flex-direction:row-reverse}.elementor-blockquote--align-center .elementor-blockquote{text-align:center}.elementor-blockquote--align-center .elementor-blockquote .e-q-footer,.elementor-blockquote--align-center .elementor-blockquote__author{display:block}.elementor-blockquote--align-center .elementor-blockquote__tweet-button{margin-right:auto;margin-left:auto}<\/style>\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t\"Remortgaging is a fantastic method to get your financial life in order. Remortgaging allows you to obtain a lower interest on your mortgage, resulting in savings every month. This extra money might be invested to pay off other debts, such as credit cards, faster.\"\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Help & Advice<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=%22Remortgaging+is+a+fantastic+method+to+get+your+financial+life+in+order.+Remortgaging+allows+you+to+obtain+a+lower+interest+on+your+mortgage%2C+resulting+in+savings+every+month.+This+extra+money+might+be+invested+to+pay+off+other+debts%2C+such+as+credit+cards%2C+faster.%22+%E2%80%94+Help+&amp;Advice&amp;url=https%3A%2F%2Fhelpandadvice.co.uk%2Fwp-json%2Fwp%2Fv2%2Fposts%2F21507\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-blockquote__tweet-label\">Tweet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-194b8e1d\" data-id=\"194b8e1d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6046ea9c elementor-widget elementor-widget-text-editor\" data-id=\"6046ea9c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>Things to think about before remortgaging to consolidate debts<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Before deciding to remortgage for debt consolidation, you ought to consider if it&#8217;s the most ideal solution for your circumstances.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For one, remortgaging will extend the term of your mortgage, which means you&#8217;ll be paying it off for longer. This could mean paying more interest in the long run. It&#8217;s important to compare the rate on your new mortgage with the interest rates on your existing debts to make sure you&#8217;re getting a good mortgage deal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You should also think about whether you&#8217;re comfortable using your home as collateral for your debt. If you fail to make payments on your debt consolidation mortgage, you could lose your home.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re thinking about remortgaging for <a href=\"https:\/\/helpandadvice.co.uk\/debt-consolidation-vs-bankruptcy\/\">debt consolidation<\/a>, get expert advice from a financial professional.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-97816ca elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"97816ca\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7b89533\" data-id=\"7b89533\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-25762d9 elementor-widget elementor-widget-text-editor\" data-id=\"25762d9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-485bb3d0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"485bb3d0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4847513f\" data-id=\"4847513f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3173a8a8 elementor-widget elementor-widget-image\" data-id=\"3173a8a8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-33.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-33-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-33-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-33-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-33.png\" alt=\"debt consolidation' mortgage\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-33.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-33-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-33-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-33-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21523 sp-no-webp\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1cb252c6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1cb252c6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1214e78c\" data-id=\"1214e78c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d36518a elementor-widget elementor-widget-text-editor\" data-id=\"d36518a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><b>Questions about remortgaging for debt consolidation<\/b><\/h2>\n<h3><b>Is a remortgage more cost-effective than repaying debts to separate creditors?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Remortgaging your debts might make managing your money more convenient and occasionally more economical, but numerous elements can influence the total cost.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many mortgage contracts include exit fees, and the expense of this may outweigh any potential savings from combining all of your debts together with a re mortgage.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4b18214a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4b18214a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-57ca0f42\" data-id=\"57ca0f42\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3597fae elementor-widget elementor-widget-text-editor\" data-id=\"3597fae\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>Who is able to remortgage?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A lender will evaluate your suitability for a remortgage in the same way it would any other mortgage. Your credit rating, work history, and existing mortgage obligations are all taken into consideration.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You may not be able to remortgage if you have a <a href=\"https:\/\/helpandadvice.co.uk\/equity-release-with-bad-credit\/\">bad credit<\/a> history or are self-employed. If your credit score is historically poor, you might not be able to re mortgage. Lenders will view you as a high-risk borrower and may refuse to offer you a loan.<\/span><\/p>\n<h3><b>How much can I borrow?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The maximum loan you may borrow is determined by the state of your home&#8217;s equity, current obligations, credit history, and whether you fulfil the lenders&#8217; financial criteria. Your debt-to-income ratio might also be considered; however, each lender will allow you to borrow money up to the allowed amounts.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d6adc8b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d6adc8b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d3b86d5\" data-id=\"d3b86d5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9584472 elementor-widget elementor-widget-text-editor\" data-id=\"9584472\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-41a70d21 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"41a70d21\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7ec73209\" data-id=\"7ec73209\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-60adf528 elementor-widget elementor-widget-image\" data-id=\"60adf528\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-34.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-34-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-34-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-34-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-34.png\" alt=\"\u200dremortgage with debt consolidation\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-34.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-34-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-34-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-34-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21522 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-60da1445 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"60da1445\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-22edc4a\" data-id=\"22edc4a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-30f47471 elementor-widget elementor-widget-text-editor\" data-id=\"30f47471\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Some lenders will make a mortgage offer up to 90% of the loan to value ratio (<\/span><a href=\"https:\/\/www.which.co.uk\/money\/mortgages-and-property\/mortgage-calculators\/loan-to-value-calculator-a6d8n8b09sb9\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">LTV<\/span><\/a><span style=\"font-weight: 400;\">) for properties worth more than \u00a3500,000, whereas others might only provide a certain amount, such as \u00a320,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other lenders may be more focused on how your original debts were acquired in the past and make their decisions based on a case-by-case basis, rather than your debt-to-income ratio.<\/span><\/p>\n<h3><b>What debts can I consolidate?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">You can usually consolidate most types of debt with a remortgage, including credit cards, store cards, personal loans, and outstanding balances on another mortgage.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You will find you are not able to consolidate certain types of debt, such as student loans or business debts.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1df0d67b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1df0d67b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-41325f\" data-id=\"41325f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-34e8d230 elementor-widget elementor-widget-text-editor\" data-id=\"34e8d230\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>What is the difference between a secured loan and an unsecured loan?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A secured personal loan is a personal loan secured by collateral, such as a house or a car or hire purchase agreements. If you can\u2019t make your monthly outgoings on a secured loan, the lender can seize the collateral. You can remortgage to consolidate secured loans.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As opposed to a secured loan, an unsecured loan is a debt that isn\u2019t backed by collateral. If you can\u2019t make your monthly repayments on an unsecured debt, the lender can\u2019t seize any of your assets.<\/span><\/p>\n<h3><b>Can I remortgage to consolidate my unsecured debts?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">While you can always consolidate a secured loan, you may be able to remortgage to combine your unsecured debts, depending on how much equity you have in your home and on your current mortgage. To qualify for a remortgage, you\u2019ll generally need at least 20% equity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you don\u2019t have enough equity, you may still be able to consolidate your unsecured debts by taking out a second mortgage or what is called a home equity line of credit (HELOC).<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e1f1ea4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e1f1ea4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d4af67f\" data-id=\"d4af67f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-98ff1b5 elementor-widget elementor-widget-text-editor\" data-id=\"98ff1b5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4082edec elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4082edec\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-68807603\" data-id=\"68807603\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5546c5e3 elementor-widget elementor-widget-image\" data-id=\"5546c5e3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-35.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-35-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-35-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-35-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-35.png\" alt=\"mortgage consolidation\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-35.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-35-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-35-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-35-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21521 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-61d0889d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"61d0889d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6c1d4eee\" data-id=\"6c1d4eee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-10da849d elementor-widget elementor-widget-text-editor\" data-id=\"10da849d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>Do I have to remortgage with my current lender if I want to take out a debt consolidation mortgage?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">You don&#8217;t have to remortgage with your existing lender if you wish to combine debt. You can shop for a fresh <a href=\"https:\/\/helpandadvice.co.uk\/is-a-mortgage-broker-better-than-a-bank\/\">mortgage deal with other mortgage brokers<\/a> if you like.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When shopping for a remortgage deal, make sure to compare rates, fees, and terms. It may be helpful to work with a mortgage broker who can help you find the best deal.<\/span><\/p>\n<h3><b>Can I pay off a remortgage early?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, you can usually pay off a remortgage early without incurring any penalties.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-565f1c6b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"565f1c6b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-42054770\" data-id=\"42054770\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2a3c28d3 elementor-widget elementor-widget-text-editor\" data-id=\"2a3c28d3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">There may be penalties to pay if you decide to switch deals before your current deal ends. You may need to pay a significant early repayment charge. It may still be worth your while switching but make sure you&#8217;re fully informed by checking your mortgage contract to see if there are any prepayment penalties.<\/span><\/p>\n<h3><b>Does my mortgage allow me to remortgage now?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If you&#8217;re in a five-year fixed-term mortgage and only two years into the term, chances are you&#8217;ll have to pay early repayment fees. If you remortgage before your loan term is up, be sure to double-check with your lender for early repayment charges.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If your initial mortgage term has expired, the chances are your current mortgage rates will be higher than average.<\/span><\/p>\n<h2><b>Alternatives to remortgaging<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">There are other ways to consolidate your <a href=\"https:\/\/helpandadvice.co.uk\/ways-to-get-out-of-debt\/\">outstanding debts<\/a> if you don\u2019t want to or can\u2019t take out another mortgage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You could get a personal loan, use a balance transfer credit card, or participate in a debt management program. Each of these choices has advantages and disadvantages, so make sure you understand them before making your decision.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-77385e5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"77385e5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d63c8ec\" data-id=\"d63c8ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3ddc393 elementor-widget elementor-widget-text-editor\" data-id=\"3ddc393\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2c5163bc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2c5163bc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-241e02c6\" data-id=\"241e02c6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-65cfe05 elementor-widget elementor-widget-image\" data-id=\"65cfe05\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-36.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-36-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-36-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-36-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-36.png\" alt=\"\u200ddebt consolidation mortgages\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-36.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-36-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-36-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-36-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21520 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-22ece0de elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22ece0de\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6e638fd8\" data-id=\"6e638fd8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3128ece0 elementor-widget elementor-widget-text-editor\" data-id=\"3128ece0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>Personal loans<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A type of unsecured loan that you may use for any reason. Personal loans are often offered with <a href=\"https:\/\/helpandadvice.co.uk\/remortgage-after-fixed-term\/\">fixed rates and terms<\/a> of three to five years.<\/span><\/p>\n<h3><b>Balance transfer credit cards<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A balance transfer credit card is a credit card that allows you to move your existing debt onto a new card with zero per cent interest for a limited time. The rate on the outstanding balance will revert to normal after the promotional period has ended.<\/span><\/p>\n<h3><b>Debt management program<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A debt management program is a service that can be offered by a nonprofit credit counselling organisation, such as <\/span><a href=\"https:\/\/www.stepchange.org\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Step Change<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-44760f46 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"44760f46\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-75c50b92\" data-id=\"75c50b92\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7becc923 elementor-widget elementor-widget-text-editor\" data-id=\"7becc923\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Your creditors are negotiated with to provide interest savings and monthly payments, according to your personal circumstances. Each month, you make one payment to the agency, which then distributes the money to your lenders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are a few disadvantages to signing up for a debt management program, including the fact that it may take years to pay off your outstanding debts and that your credit score may be negatively impacted.<\/span><\/p>\n<h2><b>So should I remortgage to consolidate my debt?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Remortgaging to consolidate debt has a number of advantages but also several risks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remortgaging will extend the term of your current mortgage, which means you\u2019ll be making mortgage repayments for a longer period of time (and paying interest for longer). By consolidating your debts into a single monthly payment, you might end up paying more interest over time. This is because you\u2019ll be extending the term of your loan and potentially increasing the interest.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4e22d42 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4e22d42\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5f5984e\" data-id=\"5f5984e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-957df70 elementor-widget elementor-widget-text-editor\" data-id=\"957df70\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4145b5c8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4145b5c8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-55fd5754\" data-id=\"55fd5754\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6721f69 elementor-widget elementor-widget-image\" data-id=\"6721f69\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-37.webp 1200w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-37-300x75.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-37-1024x256.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-37-768x192.webp 768w\"sizes=\"(max-width: 1200px) 100vw, 1200px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-37.png\" alt=\"Remortgage using debt consolidation\" height=\"300\" width=\"1200\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-37.png 1200w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-37-300x75.png 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-37-1024x256.png 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2022\/06\/Untitled-design-37-768x192.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-21519 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-79e4949e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79e4949e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1f21a68c\" data-id=\"1f21a68c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c62fe04 elementor-widget elementor-widget-text-editor\" data-id=\"6c62fe04\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">You also need to consider potential fees associated with remortgaging, such as exit fees, valuation fees, and arrangement fees. These costs can eventually add up and take away from any potential savings from consolidating your debts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another potential downside is your home could be at risk of repossession if you fail to keep up with payments on a mortgage debt secured on it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, remortgaging could help you get a lower interest rate on your debts which could save you money in the long run. Consolidating your debts into one monthly repayment plan might make it easier for you to stay on top of your finances.<\/span><\/p>\n<h2><b>Where to find help if you want to remortgage<\/b><\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-69ed5da0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"69ed5da0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6b79ede8\" data-id=\"6b79ede8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-12c95298 elementor-widget elementor-widget-text-editor\" data-id=\"12c95298\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you&#8217;re struggling with debt, there are a number of places you can turn to for help. You can contact a credit counselling agency, work with a debt settlement company, or even speak to a bankruptcy attorney.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you decide you want to remortgage to consolidate debt, you can discuss it with your current lender or shop around for a new mortgage provider.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Make sure you speak to qualified advisers to get mortgage advice from a qualified mortgage adviser or from the financial ombudsman service if you decide you want to consolidate your debts onto your current mortgage deal.<\/span><\/p>\n<h2><b>Next Steps<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Borrowing money can be a complicated subject. You&#8217;ll need to figure out how much you want to borrow and then fill out an online application to get mortgage approval.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In order to qualify for debt consolidation remortgages, a lender will evaluate the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Your credit report and what debts you have<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The property value and loan to value<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How much of your home you own outright<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How much you want to borrow compared to your income\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Before agreeing to lend, most lenders will want you to seek mortgage advice and sign a solicitor-drafted agreement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is an agreement where you agree to repay your debts in full on completion of the advance, though if you already have enough income from which to deduct your commitments, this might not be necessary.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-514b86f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"514b86f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f9a6362\" data-id=\"f9a6362\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2194a51 elementor-widget elementor-widget-text-editor\" data-id=\"2194a51\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2b421320 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2b421320\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3c8f6ad8\" data-id=\"3c8f6ad8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-16e8e5a7 elementor-widget elementor-widget-text-editor\" data-id=\"16e8e5a7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4>Article author<\/h4>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f0d3d43 elementor-widget elementor-widget-image\" data-id=\"6f0d3d43\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<picture><source srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1.webp 1024w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-300x300.webp 300w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-150x150.webp 150w,https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-768x768.webp 768w\"sizes=\"(max-width: 1024px) 100vw, 1024px\" type=\"image\/webp\"><img src=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1.jpg\" height=\"1024\" width=\"1024\" srcset=\"https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1.jpg 1024w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-300x300.jpg 300w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-150x150.jpg 150w, https:\/\/helpandadvice.co.uk\/wp-content\/uploads\/2020\/07\/image-2-1-768x768.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" class=\"attachment-large size-large wp-image-12735 sp-no-webp\" loading=\"lazy\" decoding=\"async\"  > <\/picture>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3b2109a3\" data-id=\"3b2109a3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f7d85f6 elementor-widget elementor-widget-text-editor\" data-id=\"f7d85f6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3>Katy Davies<\/h3><p>I am a keen reader and writer and have been helping to write and produce the legal content for the site since the launch.\u00a0 \u00a0I studied for a law degree at Manchester University and I use that theoretical experience, as well as my practical experience as a solicitor, to help produce legal content which I hope you find helpful.<\/p><p>Outside of work, I love the snow and am a keen snowboarder.\u00a0 Most winters you will see me trying to get away for long weekends to the slopes in Switzerland or France.<\/p><p><strong>Email<\/strong>\u00a0&#8211;\u00a0<a href=\"mailto:katy@helpandadvice.co.uk\">katy@helpandadvice.co.uk<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3bbe838 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3bbe838\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-974568e\" data-id=\"974568e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-67f25d9 elementor-widget elementor-widget-text-editor\" data-id=\"67f25d9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f7d8d18 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f7d8d18\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-133e3dac\" data-id=\"133e3dac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-55eca864 elementor-widget elementor-widget-text-editor\" data-id=\"55eca864\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3 style=\"text-align: center;\">Frequently Asked Questions<\/h3>\n<p><b>What is a debt consolidation mortgage?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">A debt consolidation mortgage is a mortgage which is used to pay off multiple debts or payday loans. By consolidating your current debts into one monthly payment, you can save money on interest and make it easier to manage your finances.<\/span><\/p>\n<p><b>How does it work?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">A debt consolidation remortgage works by using the equity in your home to pay off current debts. The interest on the new mortgage will be lower than the interest rates on your existing debts, so you\u2019ll save money each month. The extra cash may be used to pay off lump sum obligations more quickly.<\/span><\/p>\n<p><b>Is a remortgage more cost-effective than repaying debts to separate creditors?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Remortgaging your debts might make managing your money more convenient and occasionally more economical, but numerous elements can influence the total cost.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many mortgage contracts include exit fees, and the expense of this may outweigh any potential savings from combining all of your debts together with a re mortgage.<\/span><\/p>\n<p><b>Does my mortgage allow me to remortgage now?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re in a five-year fixed-term mortgage and only two years into the term, chances are you\u2019ll have to pay early repayment fees. If you remortgage before your loan term is up, be sure to double-check with your lender for early repayment charges.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If your initial mortgage term has expired, the chances are your current mortgage rates will be higher than average.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-19d826ef\" data-id=\"19d826ef\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-43da516d elementor-widget elementor-widget-text-editor\" data-id=\"43da516d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-26484887 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"26484887\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3b091d0\" data-id=\"3b091d0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1600251e elementor-widget elementor-widget-elementor-faq-schema\" data-id=\"1600251e\" data-element_type=\"widget\" data-widget_type=\"elementor-faq-schema.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t                                    <script type=\"application\/ld+json\">\n                    {\n                        \"@context\": \"https:\/\/schema.org\",\n                        \"@type\": \"FAQPage\",\n                        \"mainEntity\": [\n                         {\n                            \"@type\": \"Question\",\n                            \"name\": \"- What is a debt consolidation mortgage?\",\n                            \"acceptedAnswer\": {\n                                \"@type\": \"Answer\",\n                                \"text\": \"&lt;p&gt;A debt consolidation mortgage is a mortgage which is used to pay off multiple debts or payday loans. By consolidating your current debts into one monthly payment, you can save money on interest and make it easier to manage your finances.&lt;\/p&gt;\n&lt;p&gt;&lt;a href=&quot;https:\/\/helpandadvice.co.uk\/remortgage-for-debt-consolidation&quot;&gt;&lt;strong&gt;&gt; CLICK HERE FOR MORE INFORMATION &lt;&lt;\/strong&gt;&lt;\/a&gt;&lt;\/p&gt;\"\n                            }\n                                                    },\n                                             {\n                            \"@type\": \"Question\",\n                            \"name\": \"- How does it work?\",\n                            \"acceptedAnswer\": {\n                                \"@type\": \"Answer\",\n                                \"text\": \"&lt;p&gt;A debt consolidation remortgage works by using the equity in your home to pay off current debts. The interest on the new mortgage will be lower than the interest rates on your existing debts, so you\u2019ll save money each month. The extra cash may be used to pay off lump sum obligations more quickly.&lt;\/p&gt;\n&lt;p&gt;&lt;a href=&quot;https:\/\/helpandadvice.co.uk\/remortgage-for-debt-consolidation&quot;&gt;&lt;strong&gt;&gt; CLICK HERE FOR MORE INFORMATION &lt;&lt;\/strong&gt;&lt;\/a&gt;&lt;\/p&gt;\"\n                            }\n                                                    },\n                                             {\n                            \"@type\": \"Question\",\n                            \"name\": \"- Is a remortgage more cost-effective than repaying debts to separate creditors?\",\n                            \"acceptedAnswer\": {\n                                \"@type\": \"Answer\",\n                                \"text\": \"&lt;p&gt;Remortgaging your debts might make managing your money more convenient and occasionally more economical, but numerous elements can influence the total cost.&lt;\/p&gt;\n&lt;p&gt;Many mortgage contracts include exit fees, and the expense of this may outweigh any potential savings from combining all of your debts together with a re mortgage.&lt;\/p&gt;\n&lt;p&gt;&lt;a href=&quot;https:\/\/helpandadvice.co.uk\/remortgage-for-debt-consolidation&quot;&gt;&lt;strong&gt;&gt; CLICK HERE FOR MORE INFORMATION &lt;&lt;\/strong&gt;&lt;\/a&gt;&lt;\/p&gt;\"\n                            }\n                                                    },\n                                             {\n                            \"@type\": \"Question\",\n                            \"name\": \"- Does my mortgage allow me to remortgage now?\",\n                            \"acceptedAnswer\": {\n                                \"@type\": \"Answer\",\n                                \"text\": \"&lt;p&gt;If you\u2019re in a five-year fixed-term mortgage and only two years into the term, chances are you\u2019ll have to pay early repayment fees. If you remortgage before your loan term is up, be sure to double-check with your lender for early repayment charges.&lt;\/p&gt;\n&lt;p&gt;If your initial mortgage term has expired, the chances are your current mortgage rates will be higher than average.&lt;\/p&gt;\n&lt;p&gt;&lt;a href=&quot;https:\/\/helpandadvice.co.uk\/remortgage-for-debt-consolidation&quot;&gt;&lt;strong&gt;&gt; CLICK HERE FOR MORE INFORMATION &lt;&lt;\/strong&gt;&lt;\/a&gt;&lt;\/p&gt;\"\n                            }\n                                                    }\n                    ]\n                    }\n                <\/script>\n                    \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fd16776 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fd16776\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-7b12bd3f\" data-id=\"7b12bd3f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-598253ac\" data-id=\"598253ac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4e4bea85 elementor-widget elementor-widget-text-editor\" data-id=\"4e4bea85\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content_hint\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-74a6ba5b\" data-id=\"74a6ba5b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-46422ccc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"46422ccc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-352e930e\" data-id=\"352e930e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5db1da01 elementor-widget elementor-widget-text-editor\" data-id=\"5db1da01\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4>Share this page<\/h4>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23af50dc elementor-share-buttons--view-icon elementor-share-buttons--shape-circle elementor-share-buttons--align-left elementor-share-buttons--color-custom elementor-share-buttons--skin-gradient elementor-grid-0 elementor-widget elementor-widget-share-buttons\" data-id=\"23af50dc\" data-element_type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/helpandadvice.co.uk\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-share-buttons.min.css\">\t\t<div 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23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_email\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on email\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fas-envelope\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M502.3 190.8c3.9-3.1 9.7-.2 9.7 4.7V400c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V195.6c0-5 5.7-7.8 9.7-4.7 22.4 17.4 52.1 39.5 154.1 113.6 21.1 15.4 56.7 47.8 92.2 47.6 35.7.3 72-32.8 92.3-47.6 102-74.1 131.6-96.3 154-113.7zM256 320c23.2.4 56.6-29.2 73.4-41.4 132.7-96.3 142.8-104.7 173.4-128.7 5.8-4.5 9.2-11.5 9.2-18.9v-19c0-26.5-21.5-48-48-48H48C21.5 64 0 85.5 0 112v19c0 7.4 3.4 14.3 9.2 18.9 30.6 23.9 40.7 32.4 173.4 128.7 16.8 12.2 50.2 41.8 73.4 41.4z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_linkedin\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on linkedin\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-linkedin\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 32H31.9C14.3 32 0 46.5 0 64.3v383.4C0 465.5 14.3 480 31.9 480H416c17.6 0 32-14.5 32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4 416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Remortgage For Debt Consolidation in Remortgaging is a fantastic method to get your financial life in order. Remortgaging allows you to obtain a lower interest on your mortgage, resulting in savings every month. This extra money might be invested to pay off other debts, such as credit cards, faster. If you are struggling with debt, [&hellip;]<\/p>\n","protected":false},"author":93,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/posts\/21507"}],"collection":[{"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/comments?post=21507"}],"version-history":[{"count":63,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/posts\/21507\/revisions"}],"predecessor-version":[{"id":44366,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/posts\/21507\/revisions\/44366"}],"wp:attachment":[{"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/media?parent=21507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/categories?post=21507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/helpandadvice.co.uk\/wp-json\/wp\/v2\/tags?post=21507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}