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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
¹Based on remortgage enquiries submitted via getmymortgage.co.uk between July 2022 – Aug 2025.
² Illustrative example only. Saving of £4,542 based on remortgaging £244,915 from a high street lender’s SVR (6.75%) to a 5-year fixed at 4.14% (5.6% APRC), LTV 27.29%, over 18 years. Total payable £410,689.64 including £164,659.64 interest, £890 broker fee, and £225 exit fee. Repayments: 62 months at £1,504.92, then 178 months at SVR (currently 6.75%). Early repayment charges apply. Rates subject to change. Your circumstances and quote will differ.
³ Illustrative example only. Reduction of £580.85 in monthly outgoings achieved by over 50% of customers who consolidated debts through remortgaging in the past 12 months, excluding cases where additional borrowing beyond debt consolidation was taken. Actual savings vary by individual circumstances. Consolidating debts may extend the term and increase the total amount repaid.
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