Debt Consolidation Calculator

  • 1 min to complete
Consolidate your high interest debts with your next remortgage and see what you could save each month!
See What You Could Save!

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How does it work?

There are three super easy steps to see what you could be saving each month with a debt consolidation remortgage.
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Mortgage Details
Enter some basic details about your current mortgage and existing debts to give us an idea of what your current outgoings look like.
2
Contact Details
Enter your contact details so that we receive your personalised result and can reach out with a free illustration!
3
See Your Results
Our calculator displays how much you could potentially save each month - on average our calculator users save almost £600 per month!

What can I pay off with a Debt Consolidation Remortgage?

If you're wondering what type of debts you can clear with a debt consolidation remortgage, you can typically clear any of the usual types of debts such as loans, credit cards and car finance.
Credit Cards and Store Cards
Personal and Secured Loans
Hire Purchase Agreements
Help to Buy Equity Loans

Save £££ per month with our Bespoke Debt Consolidation Calculator

We have helped hundreds of happy clients to achieve their goals by streamlining their finances into one simple manageable mortgage payment.
Mother and daughter cuddling and being happy
“Absolutely fantastic service. Found me a re-mortgage releasing equity to clear some debts. I will definitely be back when I’m next looking for a mortgage.
Kerrie, 8th May 2024

What Do The Results Mean?

The calculator will show you what you could be paying each month based on your inputs, with an estimation of your total monthly savings after you complete on your new mortgage.
Some key points to keep in mind:
  • Taking out a higher mortgage means your Loan-to-Value (LTV) will increase. This can have implications for your next remortgage and the types of rates and deals that are available to you.
  • Consolidating debts into your mortgage means you will likely pay a lower interest rate compared to other forms of debt consolidation (i.e. personal or homeowner loans).
  • However, be aware that you may be stretching the repayment of these debts over a longer term, which may work out more costly in the long run.

Discover if Debt Consolidation is right for you.

What are some of the benefits?

  • Save hundreds per month by clearing high interest debts
  • Utilise your equity to provide financial stability
  • Begin to rebuild your financial situation 
  • Eliminate your debt-related worries and gain peace of mind
  • We'll find solutions that are tailored to your circumstances
These are just some of the reasons to consider Debt Consolidation. Read our handy guides above to learn more, or feel free to get in touch for a free chat to see how we could help.

Frequently Asked Questions

A debt consolidation remortgage is a financial strategy that involves refinancing your existing mortgage to include other high-interest debts, such as credit card balances and personal loans. By rolling these debts into your mortgage, you create a single, manageable monthly payment, often at a lower interest rate. This simplifies your financial obligations and can lead to potential savings each month.

You can typically consolidate various unsecured debts, including credit card balances, personal loans, store card debt, and even car loans. However, you can also consolidate debts that are secured against your property, such as secured loans or the Help to Buy equity loan. The goal is to streamline multiple high-interest debts into one mortgage with a lower interest rate.

Evaluating the long-term savings of debt consolidation requires careful consideration. You should calculate the total interest cost of your existing debts and compare it to the estimated interest cost of the consolidated mortgage. Bear in mind the potential monthly savings you may make by consolidating your debts, and what this extra cash can be used for (such as investing, saving or purchasing another property). It's always good to have a plan once your new mortgage is in place to make the most of the monthly savings you may be making.

While a good credit score can improve your chances of qualifying for favourable interest rates, it's still possible to secure a debt consolidation remortgage with less-than-perfect credit. However, you may face higher interest rates or additional requirements. Lenders consider various factors, including your credit history, income, and the loan-to-value ratio of your home.

Generally, a debt consolidation remortgage takes no longer than a normal remortgage. We aim to have you completed within about 4-6 weeks start to finish. If you are lining up a new deal to go live when your current mortgage deal expires, then we will ensure this happens the day you are eligible to switch with no penalties.

Why choose Green Mortgages?

We've helped thousands of people like you to secure their financial future. Here are some of the reasons why we're trusted by so many!
Expert advice across the board
Our team are experienced in all areas of mortgages and protection. With over 1,000 5-star reviews, you can be sure to enjoy 5-star service.
A streamlined & efficient process
Our streamlined process means we do the hard work up front, saving you time and hassle. This means you get the most relevant quotes, applicable to you.
Extensive access to lenders
With access to over 120 lenders and the best protection providers on the market, you can be sure you get the best deal every time.
Getting in touch takes 2 minutes
We want it to be as easy as possible to reach us. Whether it be via our easy-peasy online forms, or via phone, email, text or WhatsApp, we're here for you when you need us.
Our priority is your financial future
Above all else, what matters to us is your outcome. We work tirelessly to ensure you are happy at all times, safe in the knowledge your financial future is safeguarded.

Customer Reviews

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Getting in touch has never been easier.

Whether you prefer to call, text, email or fill out our simple online forms, we're only a stone's throw away from helping you find the solution you deserve. Click below to get in touch.
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