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.
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.
Contact Details
Enter your contact details so that we receive your personalised result and can reach out with a free illustration!
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.

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