Debt Consolidation Remortgage Advice | Review your debt consolidation mortgage options

Mortgage advice before consolidating debts

A debt consolidation remortgage can reduce monthly payments by moving unsecured borrowing into your mortgage. However, it is not always the option for you. You may pay more interest overall, your mortgage balance may increase, and debts that were previously unsecured may become secured against your home.

Debt consolidation can feel attractive if your monthly payments are becoming difficult to manage.

You may be looking at consolidating some of the following:

• Credit card balances
• Personal loans
• Car finance
• Store card
• Overdrafts
• Buy now, pay later commitments
• Existing secured loans
• Several monthly payments that feel hard to manage

A remortgage may allow you to raise money against your home and use it to repay some or all of these debts.

But the key question is not just can you do it? Rather, you need to look at should you do it, and is it suitable for your circumstances?

That is where advice matters.

Speak to a mortgage adviser

Debt consolidation remortgage advice at a glance

A debt consolidation remortgage may allow you to move unsecured borrowing, such as credit cards, loans or overdrafts, onto your mortgage. This may reduce your monthly payments, but it can also increase the total amount you pay over time and means debts that were previously unsecured may become secured against your home.

Before you make a decision, it is important to compare the monthly payment, total cost, mortgage term, affordability, credit position and the risk of securing debts against your property.

Speak to a mortgage adviser

Why use a broker for a debt consolidation remortgage?

Debt consolidation is not a simple rate comparison. An experienced broker will not just look for a lower monthly payment. They will help you understand the risks, the overall cost, the lender criteria and whether this is the route for you.

Our experienced mortgage advice team can help you:

• Understand whether a remortgage may be possible
• Compare debt consolidation with other mortgage options
• Review whether your current lender can help
• Check if early repayment charges apply
• Understand how much equity you may have
• Look at how lenders may view your debts and credit history
• Compare monthly payments and longer term cost
• Understand the risks of securing debts against your home
• Check what documents may be needed
• Avoid applying to lenders that may not suit your case
• Manage the mortgage process from enquiry through to completion

The aim is to help you make a properly informed decision, not simply move debt from one place to another.

Speak to a mortgage adviser

What is a debt consolidation remortgage?

A debt consolidation remortgage is where you remortgage your home and borrow extra money to repay other debts. This could mean moving to a new lender or arranging a new deal with your current lender, depending on your circumstances.

For example, you may use the extra borrowing to repay credit cards, loans or other commitments.

This could reduce your monthly outgoings, but you also need to consider that it may also mean:

• Your mortgage balance increases
• Your mortgage term may be longer than the original debt term
• You may pay more interest overall
• Your unsecured debts may become secured against your home
• Your home may be at risk if you cannot keep up repayments

This is why Debt Consolidation remortgage advice is essential and we would be happy to talk through all the considations for you.

Speak to a mortgage adviser

When might debt consolidation through a remortgage be considered?

A debt consolidation remortgage may be considered if you have enough equity in your home and want to review whether your debts could be managed in a different way.

You may be thinking about this if:

• Your monthly debt payments feel too high
• You are paying high interest on credit cards or loans
• You want one monthly payment instead of several
• You are remortgaging anyway and want to review your wider finances
• You have enough equity in your property
• Your income supports the new mortgage amount
• You want advice before making a decision

However, it is important to look carefully at the full cost and risk.

Reducing your monthly payments can feel helpful, but if the debt is repaid over a much longer period, the total amount repaid may be higher.

Speak to a mortgage adviser

When might debt consolidation not be suitable?

Debt consolidation through a remortgage may not be suitable for everyone.

It may not be the right route if:

• You’re already struggling to afford your mortgage
•  The new mortgage payment would still feel unaffordable
• You may build the same debts up again
• You do not have enough equity in your home
• Your credit profile does not fit lender criteria
• The overall cost would be too high
• You would be turning short term debts into long term borrowing
• There may be better debt support options available
• You haven’t looked at your budget properly

If debt is becoming unmanageable, it may be more appropriate to speak to a free debt advice charity before making decisions. A mortgage broker can help with the mortgage advice, but debt advice may also be important depending on your situation.

Speak to a mortgage adviser

Debt consolidation if you have bad credit

If you’ve missed payments, defaults, CCJs or other credit issues, your options may be more limited, but it is still worth getting advice.

Lenders may want to understand:

• What happened
• When it happened
• How much was involved
• Whether the debt has been repaid
• Whether your situation has improved
• Whether the new mortgage is affordable
• Whether consolidating debt is suitable

A bad credit history does not automatically mean there is no route forward, but it does make lender choice and advice more important.

Speak to a mortgage adviser

Debt consolidation with complex income

You may need to consider more detail if your income is more complex. For example, if you are:

• Self employed
• A company director
• A contractor
• Paid through a CIS
• A freelancer
• Receiving overtime, bonuses or commission
• Working more than one job
• Recently changed role

Various lenders may assess income in different ways. Some will take a more flexible view than others, depending on the detail of your case.

We can help you understand how your income will be assessed and what documents you will needed.

Speak to a mortgage adviser

Should you remortgage, take a further advance or consider a secured loan?

A debt consolidation remortgage is not the only possible route.

Depending on your circumstances, other options may include:

• A remortgage to a new lender
• A further advance with your current lender
• A product transfer with additional borrowing
• A second charge mortgage or secured loan
• Keeping some debts separate
• Seeking debt advice before changing the mortgage

A further advance is extra borrowing from your current mortgage lender, often at a different rate from your main mortgage.

The option for you depends on your mortgage, debts, income, equity, credit profile and longer term plans.

We can help you compare the options rather than assuming one route is the most suitable option.

What documents will you need?

You will need different documents depending on the lender and your circumstances. You may be asked for:

• Payslips
• Bank statements
• Tax calculations and/or Tax year overviews
• Company accounts
• Details of your current mortgage
• Details of the debts you want to consolidate
• Credit card or loan statements
• Proof of income
• Proof of identity
• Information about your household spending

We can help you understand what is likely to be needed before an application is submitted.

Preparing early can save time and reduce avoidable delays.

Speak to a mortgage adviser

Why choose Your Mortgage Expert?

At Your Mortgage Expert, we understand that debt consolidation can feel sensitive.

You may want practical advice without judgement. You may simply want to understand whether your mortgage could help you reorganise your finances, and whether doing so would be sensible.

Our role is to explain your options clearly, help you understand the risks and support you in making an informed decision.

Clients choose us because we offer:

• Clear advice in plain English
• Help understanding whether debt consolidation may be suitable
• Support comparing mortgage and lender options
• Advice on affordability, equity and lender criteria
• Guidance on documents and next steps
• Access to a wide range of mortgage options
• A managed process from enquiry through to completion
• Friendly advice by phone, video or face to face

We are based in Salisbury and help clients locally and across the UK.

Thinking about consolidating debts into your mortgage?

If you are considering a debt consolidation remortgage, we can help you understand what may be possible, what the risks are and whether this route may be suitable for your circumstances.

Speak to a mortgage adviser

This page was reviewed by our mortgage advice team and last updated in May 2026.