Debt consolidation using a mortgage combines all your secured debt (your current mortgage and other secured loans) and unsecured debt (such as personal loans and credit card debt) into one loan, which is secured against your home.
Sometimes people with debt problems choose debt consolidation using a mortgage in an attempt to make their debts easier to manage and to lower their interest payments.
At Cox & Co, our advisors are experienced in all forms of debt consolidation arrangements. We can advise on the best way to raise capital by way of re-mortgaging your house to release funds to consolidate existing debts. Many people use re-mortgaging to take advantage of lower mortgage interest rates when consolidating all their loans into one manageable monthly fee.
With access to literally thousands of mortgage products on a daily basis, the advisors at Cox & Co are able to walk you through the debt consolidation process in a simple step-by-step manner. We can show you the overall saving and help you reduce your monthly financial commitments.
Why not meet us for a free, no obligation appointment to discuss your debt consolidation requirements? Get in touch using the contact form opposite, or call us at our Edinburgh or Aberdeen offices today.