Debt Consolidation

Debt Consolidation

A debt consolidation mortgage from Caboodle could help you to:

What is a debt consolidation mortgage?

A debt consolidation mortgage is simply a mortgage that allows you to pay off your existing mortgage as well as clear other credit you may have. If your existing debts are at a high APR you could potentially save money via a debt consolidation mortgage. You could possibly lower your monthly repayments with a debt consolidation mortgage and as a result wipe out your other debts, leaving you with just one managable repayment to make each month.

Is a debt consolidation mortgage right for me?

If you are struggling to keep on top of your current repayments or have existing debts at very high interest rates then a debt consolidation mortgage could be the answer for you. Apart from making your monthly budgeting far easier to manage, a debt consolidation mortgage could also lower your monthly payments, as it will probably be at a much lower interest rate than unsecured debts such as credit cards, store cards, personal loans and overdrafts.

It is also possible to reduce your monthly payments by arranging to repay your debt consolidation mortgage over a longer period – although you must remember that by extending the term of your mortgage you may pay more interest in the long run and increase the total cost.

Another option may be to leave your existing mortgage in place and take out a debt consolidation loan. Your adviser can discuss this option with you if you feel it would also be of interest.

 

Caboodle advisers are very experienced in arranging Debt Consolidation Mortgages and Debt Consolidation Loans so why not give them a call today on 0800 151 2407 or 0121 308 9114 and see if they can help. Alternativley you can complete the short online enquiry form to request a call back.

We can often arrange face-to-face appointments in Mere Green, Four Oaks, Sutton Coldfield, Lichfield, Tamworth, Burton, Birmingham, Walsall, West Bromwich and many other surrounding areas of Staffordshire and the West Midlands. Alternatively we can make arrangements for you to visit our offices to discuss your requirements in more detail.

The overall cost for comparison is 4.4% APRC. The actual rate available will depend upon your circumstances. Please ask for a personalised illustration.

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. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

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. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 9.2% APRC. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England at SQ2 House, 240b Lichfield Road, Four Oaks, Sutton Coldfield, West Midlands B74 2UD (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of Pink Home Loans, Pink Home loans is a trading style of Advance Mortgage Funding Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 305008) for mortgage and non-investment insurance advice.
The Financial Conduct Authority does not regulate some forms of Buy to Let.

© 2014 Caboodle Financial Services Ltd