Over 1,500 5-Star Reviews
Try Our Free Calculators
Follow us on Social Media
Over 1,000 5-Star Reviews
Try Our Free Calculators
Follow us on Social Media
Home » Calculators » Debt Consolidation Calculator [old]

Debt Consolidation Calculator

Considering getting rid of your high interest debts with your next remortgage? You've come to the right place. Our free debt consolidation calculator tool lets you see how much you could save when remortgaging to clear your debts. It's super quick and simple to use.
Trusted by over 1,500 satifisfied customers
Rated 'Excellent'

Calculate Your Savings with a
Debt Consolidation Mortgage

Our handy debt consolidation calculator allows you to see what your new mortgage may look like after consolidating your debts. In addition, you can see the potential monthly savings each month, allowing you to easily plan your finances after your new mortgage completes!

By submitting you agree to be contacted by Green Mortgages and you agree to our terms and privacy policy.

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.
  • What's clear is that the cash flow benefits of debt consolidation can be a relief to many, allowing them to get their finances back on track with healthy spending and saving habits.

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.
Learn more about Debt Consolidation

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 resons 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.
Our market access is unmatched
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

With over 1,000 5-star reviews, we're proud of the service we provide.
Colin Baker
Colin Baker
Thanks Steph and team. Excellent service and support throughout. Made whole process seamless and stress free
Jazz Dovey
Jazz Dovey
Green Mortgages were great. Steph and Nina have been brilliant with us and we couldn’t be more grateful. They went above and beyond, no question or request was too much for them. Thank you very much ladies you’re a credit to the company.
Jesvin Samuel
Jesvin Samuel
Highly recommend! We were quite impressed with the very friendly, prompt, professional support we received during the entire remortgage process. They secured a deal well in advance, 6 months current deal expired, and before rates went even higher. Kept in touch on a regular basis to keep us appraised of market situation and see if there were better deals.
terry cassell
terry cassell
I just want to say thankyou to Harry and Amy for organising my new mortgage. I am very happy with the work that they have done and would recommend their services to anyone.
Amanda Jarvis
Amanda Jarvis
Anybody looking for a mortgage or remortgage I would definitely recommend Green mortgages - they deal with everything efficiently and keep you informed of progress from start to finish - Jack, Georgia and Amy are a great professional team - will continue to use Greens in the future.
Jacqueline Swift
Jacqueline Swift
Green Mortgages got us the outcome that we wanted and needed. We found their services efficient, clear, to the point and timely. They have an extremely friendly team, who kept us updated throughout. Harry and Amy offered a first-class service, and we would not hesitate to recommend their services.
Chris Wardale
Chris Wardale
Fantastic service from everyone I dealt with especially Stephanie and Dale, always keeping me in the loop, being proactive and recommended me a excellent solicitors
Mathew Robinson
Mathew Robinson
I had a really stress free experience. The communication was 1st class, they delivered everything they promised and Amy and Harry were absolute professionals. Would definitely recommend.
Brian Hewson
Brian Hewson
This was the first time we had used a broker to secure a mortgage but, due to the type of mortgage we needed, we were recommended Green Mortgages. The staff were all personable and helpful and although it can seem daunting providing all the details and copy documents, it was done in a relaxed and friendly manner. We were able to secure a good deal, despite the rates changing mid-process and the after care was also very good.
Mike Bailey
Mike Bailey
Highly recommend Green Mortgages, very proffesional company and staff. Will be using them again

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.