Loan Consolidation / Remortgage

You should think carefully before you take out any loan or additional mortgage that is secure in whole or part on your property. Your home would be at risk if you cannot keep up your payments

Remortgaging is the replacement of an existing mortgage with a new one.

The FSA regulates most mortgage sales.

Regulated mortgage information is issued in a standard format which makes it easier for you to compare different products and lenders.

Loan consolidation means combining two or more existing loans into one consolidated loan.

This would normally extend the repayment period of the original loans but reduce your monthly bill.

You should be aware that consolidating your debts is usually only suitable if all of your existing debts are paid off with the new loan.

If you consolidate your debt with a new loan and then continue to use your credit cards you could find yourself in a worse situation than before.