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If you’re looking to remortgage to consolidate debt in Liverpool, start by reviewing your current mortgage and calculating the total amount of debt to consolidate. Speaking to a mortgage broker in Liverpool can help you find the most suitable remortgage deal, ensuring it covers your mortgage balance and debts.
Lenders will assess your affordability, and once approved, you can use the extra funds to pay off your debts, leaving you with a single monthly mortgage payment.
Remember, consolidating debt into your mortgage means your home is at risk if you miss payments, so manage your finances carefully.
When assessing the risks of debt consolidation in Liverpool, it’s important to recognise that while consolidating multiple debts into one can simplify payments and potentially lower monthly costs, it may also carry certain drawbacks.
Debt consolidation could lead to a longer repayment period, meaning you might end up paying more interest over time.
If secured against your home, failure to keep up with repayments could put your property at risk. Additionally, if not carefully managed, it might encourage further borrowing, leading to increased financial strain.
Book a free initial mortgage appointment to discuss your remortgage for debt consolidation options.
Your mortgage advisor in Liverpool will then run through all your options, highlight the risks, and let you know how much your new monthly repayments will be if you decide to proceed.
We want to make sure that a remortgage for debt consolidation is the most suitable option for you.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
A debt consolidation mortgage in Liverpool allows you to remortgage your property and borrow extra funds to pay off other debts, such as credit cards or personal loans
This combines your debts into one single payment, secured against your home, typically with a lower interest rate than unsecured borrowing.
The main benefits include simplifying your finances by consolidating multiple debts into one payment and potentially reducing your monthly repayments by securing a lower interest rate.
This can also help improve cash flow and reduce financial stress.
Yes, there are risks. By consolidating debt through remortgaging, unsecured debts become secured against your home, meaning your property is at risk if you miss payments.
You may also end up paying more in interest over a longer repayment term, even if the monthly payments are lower.
Make sure to get mortgage advice in Liverpool and speak to a professional before consolidating debt into your mortgage.
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Mark
Once again Liverpool money man goes above and beyond to help me get another mortgage. I had a few issues regarding being self-employed and struggling to get a mortgage within 1 week LMM had my mortgage approved. Thank you very much all involved....
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Great service, start to finish Tom and the team helped and advise whenever we had any queries. Transparent pricing.
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I used MoneyMan for my first mortgage, I was thrilled with the service they provided back in 2017 therefore I went back to them for my remortgage Chris & Debbie were super helpful with my remortgage. Would highly recommend.
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Had a retirement mortgage agreed and completed. Wayne and Moneyman were excellent, very professional, knowledgeable and helpful at all points. Happy to recommend their services
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I have been using Liverpool Moneyman for my mortgages and remortgages since 2014. Great flexible and friendly service.
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Leo and the team have been exceptionally thorough in explaining all my options. I truly felt that Leo had my best interests at heart, going above and beyond even offering advice and support beyond his usual remit. He’s been incredibly patient with...
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Always very helpful. Helped us buy our first house and have been great assisting with the remortgage process.
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Always friendly and provide sound advice. Very supportive look out for the best interest of the client.
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Brilliant from start to finish. No fuss. Chris found me a new deal with my existing provider. Have recommended this company to my friends.
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Fantastic service from beginning to end, extremely informative and supportive. Daniel was very easy to communicate with and provided all the information we needed.
7 months ago
Michael
Excellent service, always professional and friendly. This is the second time I’ve used moneyman and their advice has been invaluable. Jason and Lizzi have been outstanding.
7 months ago
Vitor
I am so glad I find this Mortgage Broker , specially Tom Bowes and Debbie Stones, they both were very professional and polite from start to end , they keep me informed and updated at all times, the process was very smoth and fast, highly...
7 months ago
Tarique
I wanted to say a big thanks to Paula, Leo, and the Liverpoolmoneyman team. Both Paula and Leo have managed to secure me a great mortgage deal. Making this whole process seamless and less stressful with clear communication during each stage. I would...
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Tarique
I wanted to personally thank Leo Shakespeare, and Paula Milner. And the UK Moneyman team for outstanding customer service in securing my new mortgage. Your outstanding expertise, patience, and clear communication has made this whole process much...
7 months ago
Georgia
Daniel was so helpful throughout our remortgage process. We used Liverpool Money Man when taking out the original mortgage and we didn’t regret it at all, so helpful and made us feel so reassured at each stage. Thank you again!
8 months ago
Shauna
Matt and Debbie at Liverpool Money Man were so helpful throughout the process of securing me my mortgage offer. From start to finish, they were friendly & explained every step of the process. They were also easily contactable and responded to any...
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I am with Liverpoolmoneyman from 2020. Always reminding me the end of terms make good offer from mortgage providerS.
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Very happy with the service provided. Both Dan and Jonathan were very informative and supportive throughout the process, and I especially thank them both for their patience in answering all of my questions and clarifying everything for me. I will...
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Anonymous
Very patient crew although we showered them with a lot of questions and frequently asked for updates
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As your mortgage broker in Liverpool, our experienced advisors will meticulously analyse and evaluate your existing mortgage conditions.
This includes a close examination of crucial factors such as the interest rate you are currently paying, the outstanding balance on your mortgage, as well as the repayment schedule you are committed to.
We make it our mission to find the most suitable product for your needs. We do this by searching through an extensive range of remortgage products.
Every individual has unique requirements when it comes to remortgaging, especially when it involves consolidating debt.
If you are happy with the remortgage product that your mortgage advisor in Liverpool finds you, we can continue to the remortgage application stage.
Our team will help you prepare your mortgage application and make sure that you have all of the correct documents in place to support your income and affordability.
When the time comes for your next remortgage in Liverpool to be renewed, we will be sure to reach out to you.
Our top priority is to ensure that you are always on the most suitable mortgage deal and insurance products that suit your needs. Trust us to stay on top of your remortgage journey and offer you the most suitable options.
We offer a remortgage review to explore the most suitable ways to release equity for your home improvements in Liverpool.
Our expert mortgage advisors in Liverpool will assess your situation and provide clear, straightforward advice tailored to your needs.
With access to thousands of remortgage deals, we can find competitive rates suited for funding your home improvement projects in Liverpool.
We compare options from a wide range of lenders to help you secure the most suitable deal.
Our dedicated team is committed to providing a smooth and stress-free remortgage process, from your initial review through to completion.
We handle all the paperwork and keep you informed at every step, ensuring your home improvement plans can move forward without hassle.
We understand that life can be busy, so our services are available 7 days a week to fit around your schedule.
Whether you need mortgage advice in Liverpool or have questions about your remortgage in Liverpool, we’re here to help whenever you need us.
Remortgaging to repay credit cards involves borrowing extra funds when switching your mortgage to pay off outstanding credit card balances.
This can help you lower interest costs, as mortgage rates are typically much lower than credit card rates, and simplify your finances by combining debts into one monthly payment.
However, it’s important to note that your unsecured debt will become secured against your property.
By remortgaging to repay personal loans, you can consolidate your loan repayments into your mortgage, potentially lowering your monthly payments and interest costs.
This option can make managing your debt easier, but it also turns unsecured loans into debt secured against your home, which could be at risk if you miss payments.
Store cards often have high interest rates and remortgaging can be an effective way to consolidate this debt at a lower rate.
This can reduce your overall repayment burden, but you must be mindful that by securing store card debt against your home, you’re increasing the risk if you struggle with mortgage payments.
Remortgaging to repay a car loan can reduce your monthly outgoings by moving the debt to your mortgage, where interest rates are generally lower.
While this can ease financial pressure, it’s important to consider that the debt, which was previously unsecured, will now be tied to your home, meaning missed payments could put your property at risk.
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Liverpoolmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Liverpoolmoneyman 2025.
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Liverpoolmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Liverpoolmoneyman 2025.
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