Can I Remortgage To Pay Off Debts Such As Credit Cards? The Best Debt Consolidation Remortgages 2024

Jubilee can help you with debt consolidation remortgages in 2024. Jubilee has a new lender starting June 1st 2024, offering the following terms.

  • A direct lender, so no lender or broker fees, no mortgage adviser is necessary
  • 4.89% capped interest rate that could go down but will never go up
  • A decision in principle based on a soft credit search
  • Loan to value up to 90% with these mortgage rates
  • No early repayment charges
  • Completions as fast as 15 working days
  • Get a free automated home valuation with no obligation
  • A lender that will tolerate a certain level of bad credit

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debt consolidation remortgages

Can I Remortgage To Pay Off Debts Such As Credit Cards?

We make finding a remortgage easy. Financing options are available for all situations.

Consolidating your debts into your mortgage lets you either pay off your debts faster or save on your monthly outgoings by paying over a longer period.

Remortgage interest rates are from 4.89% fixed for at least two years, and subsequent rates are also low at this time and negotiable. From June 2024, we have 2 new lenders for poor credit remortgage products.


Offers are limited, so please complete our short form with your details. As demand increases, the lender’s criteria will become more strict.

By getting a remortgage for debt consolidation, you’re essentially shifting all of your short-term debts into long-term debts. Moreover, you’re adding in the security of your home, which is why it’s the cheapest way to pay down debts.

Remortgages are nearly always the cheapest way to finance anything. Find out how much you could shave off your monthly spend through a remortgage.

Choose When You Want Your Debts Cleared by considering mortgage lenders

As remortgages are simply moving your mortgage product or provider, you get to choose the repayment terms when you move. That can be up to 25 years, with a few lenders extending past that period, provided you’ll have the total outstanding balance repaid before you retire.

All unsecured debts must be repaid within a maximum of seven years. Due to the shorter repayment schedule and higher interest rates, this type of short-term debt usually has a high monthly payment.

Consolidating your debts with a remortgage lets you move all your balances into your mortgage, and repay that over the term you choose. By extending the repayment terms, you can lower your monthly repayments. Provided you find a good rate, with low to no fees attached, it could even save you money over the longevity of the loan.

That’s dependent on your current debts, though, because you could be playing things smart already by switching credit cards on 0% rates and only paying the 3% (average) balance transfer fee each time. If you’re not paying interest, you’re not going to save in the long term.

If you are repaying the interest and capital, you are likely paying more than you need to in interest charges. In most cases, it makes sense to move all your debts into one easy-to-manage monthly repayment and lower your premiums in the process.

Why Should You consider debt consolidation remortgages?

50% of Households Could Save Money By Remortgaging To A Better Deal. How Much Could You Save?

Remortgaging interest rates from 4.189% fixed variable for at least two years and subsequent rates are also low at this time and negotiable. Please make an enquiry today without obligation.

Set Your Goals for Being Completely Debt-Free with additional mortgage borrowing

Often is the case, lenders are on the back foot to circumstantial changes as they’re inflexible with over-payments, especially for loyal customers who may have got their mortgage a decade ago based on a sole income. Household salary now is likely to have increased since the mortgage origin date.

It’s hard to believe you can get penalised for paying more for your mortgage. If you want to make overpayments to repay the debt faster, they’ll usually add an overpayment fee. If you want to pay more, most of the time, you need to ask the lender to alter the terms of your mortgage to allow you to do that without incurring a penalty. Even at that, it can be restricted to £500 per month penalty-free, as an example.

If you’re now earning more and paying more towards various debts to get them cleared off as soon as you can, it’d be much simpler to roll them all together into one product.

You Can Then Take One Of Two Approaches To Clearing Your Entire Debts, Mortgage Included:

Option 1 – Use a broker who can work with an underwriter to tailor your remortgage so it includes the option to overpay each month. A maximum cap often accompanies this, so it’d be best to know how much you’re likely to afford to pay as extra towards your mortgage on any month so you can get a deal with a built-in buffer that allows you to pay more towards your outstanding balance without it being raised again by a fee. This approach is more flexible as it’s less demanding than fully committing to a shortened repayment schedule.

Option 2 – Decrease your repayment schedule. Whatever terms you have remaining on your existing mortgage, shorten it. As an example, if you’ve ten years left to run, shorten the repayment terms so it’s repaid in a lower time frame. Careful consideration and forward thinking should be done before choosing this option. Nobody knows what’s in front of them, such as losing a job, an accident, medical problems, ill health and every other setback that could happen that’d put a strain on your ability to repay.

Think of this approach as all-in. You’ll be fully committed to repaying this one monthly fee every month for the duration of your mortgage.

Our advisors are fully transparent and will work with you to find the best financing option for your circumstances.

Award-Winning Remortgage Deals – the best debt consolidation remortgage

Simple & Stress-Free Remortgages. Compare & Save Now

We can help you find the best way to consolidate your debts..

For any type of remortgage, you’ll need to meet the lending criteria of whichever company you apply to. They all differ on the level of risk they’re willing to approve applications on. When you’re releasing equity from your home, you will be asked what you want the money for. On the application forms, debt consolidation is an option with most banks, building societies and specialist lenders.

When comparing different offers, it’s essential to check the terms and conditions of each offer. Most lenders assess your overall borrowing to calculate how much debt you have and weigh that against your total income. They want to see your debt levels under 45% of your household income for any purpose other than consolidating debts. When that’s the reason for refinancing, the lending criteria may be that they’ll only accept applicants with less than 35% of a debt-to-income ratio.

The same can apply to the Loan-to-Value ratios stated. For any other reason, it’ll be the advertised amount, but for consolidating your debts, the LTV can drop by 10%. That’s the only main difference in how your applications are assessed. You’ll still need to pass the affordability test and all other regulatory requirements for secured loans before your application can be approved.

Alternative methods of debt consolidation instead of debt consolidation remortgages


Should you fail to meet the lending criteria of any lender, specialist firms will have different options available. A second charge mortgage takes a similar approach to a standard remortgage; instead of placing the first charge on your title deeds, it’s instead added as a second charge. That means if a customer defaults, leading to repossession, the first charge mortgage has priority payments from the sales proceeds.

That will be paid in full, provided the sale price is enough to cover it. Then, what’s remaining will be paid to the company with the second charge. Essentially, the money you borrow using your home as security will prioritise which company gets paid what amount. First-charge mortgages will always get 100% of the outstanding balance repaid if the money is raised from repossession. Anything left after that’s paid goes to the second-charge lender.

There is a risk they won’t get paid and a risk that if they do, they may not get the full amount. Since they won’t have a repayment guarantee, there are higher interest fees for this type of finance.


Unsecured finance is risky for lenders, so they’ll charge a higher interest rate. It’s only suitable for debts under £25,000, with some lenders extending the amount to £35,000. The maximum repayment term for loans with zero asset security is seven years. The only repayment model is capital plus interest. There are no interest-only options available with unsecured loans.


If taking this approach, you’d be best to get professional advice from a debt charity rather than working with a debt consolidation company directly, unless it’s from a trusted referral. One method widely used is Debt Management Plans, which is achieved by negotiating with creditors for a fixed monthly payment plan. Debt charities can assist with various free services and plans, although some may have administration charges. In contrast, a proclaimed specialist debt management company would do the same, but charge for the service.

Speak To An Expert To Get Your Free debt consolidation remortgage research Today!

We could help reduce your monthly repayments by switching to a better remortgage deal

Mark Avery

Our debt consolidation mortgage expert

Jubilee Are Here To Help with a remortgage for debt consolidation

Whatever Financial Situation You Find Yourself In We Have The Experience And The Expertise To Assist You In Finding The Right Debt Consolidation Remortgage Product To Relieve Your Debt Situation. Get In Contact With Jubilee, And We’ll Do Our Best To Make Sure The Outcome Always Works Out In Your Favour.

Precautionary Advice Before a Remortgage to Consolidate Debt

Remortgaging for debt consolidation can solve your money problems by letting you regain control of your finances, but you need to know you can manage it for the long haul.

If you feel that you’ll struggle with the temptation of available credit, it’s best to get professional advice on the best options for you. The reason is if you take a bunch of unsecured debts and then secure those with your home through a remortgage, you will no longer have the option of juggling what gets paid. Payments to any mortgage product must be repaid every month, or your home will be at risk.

If you feel the temptation to spend on plastic or luxury items in the future will be too strong that you’d fear winding up back on the same debt-juggling path further down the road, seek professional debt advice first. There’s no point in risking your home if you can make alternative arrangements such as a debt management plan.

All mortgage products offer lower interest rates, but once the deals are signed and sealed, adjustments are difficult to make. For that reason, it is best to get advice from an expert in the mortgage sector before consolidating your debts with a remortgage.

Get clear, free and transparent advice from debt consolidation remortgage experts.

Additional Borrowing on Mortgage to Clear Debt with the best remortgage deal

Yes, you can opt for additional borrowing on your mortgage to clear debt. This involves borrowing more against the equity in your home. The loan-to-value (LTV) ratio is crucial here, as lenders will only allow you to borrow up to a certain percentage of your property’s value. A soft credit check can help you understand your eligibility without impacting your credit score.

Pay low interest securing debts into a Consolidate Debt into Mortgage Plan

Consolidating debt into your mortgage is a practical way to manage multiple debts. Combining your debts into one monthly mortgage payment can reduce your overall interest rate and simplify your finances. You must consider the entire term consolidating debt into a mortgage loan.

Consolidate Mortgages for existing residential mortgage customer

Consolidating multiple mortgages can streamline your payments and reduce administrative hassle. This can be particularly beneficial if you have different properties or loans with varying terms and interest rates.

Consolidating Debt into Mortgage using free confidential advice

Consolidating debt into a mortgage can help you manage your financial obligations more effectively. This process typically involves remortgaging your home to release equity, which is then used to pay off other debts.

Consolidation Mortgage lender- is borrowing money wise?

A consolidation mortgage allows you to combine multiple debts into your mortgage. This can lead to lower monthly payments and a single interest rate, making it easier to manage your finances.

Specialist Lender Debt Consolidation for Mortgage

Debt consolidation for a mortgage involves combining various debts into your mortgage. This approach can simplify your monthly payments and potentially reduce the interest you pay on your debts.

Debt Consolidation into Mortgage – completing the right mortgage application

Integrating debt consolidation into your mortgage can be an effective strategy for managing debt. By doing so, you can take advantage of lower mortgage interest rates compared to other types of credit.

Debt Consolidation Mortgage Providers with one monthly payment

Debt consolidation mortgage providers offer specific products designed to help you consolidate your debts into your mortgage. It’s essential to compare different providers to find the best terms and rates for your situation.

Debt Consolidation Mortgages with fast mortgage offer

Debt consolidation mortgages are designed to combine your existing debts into one manageable mortgage payment. This can simplify your finances and potentially lower your interest costs.

Debt Consolidation Remortgage with a mortgage broker

A debt consolidation remortgage allows you to release equity from your home to pay off other debts. This can help you manage your finances better by consolidating high-interest debts into a lower-interest mortgage.

Debt Consolidation with Mortgage deal – repaying an existing borrowing agreement

Combining debt consolidation with your mortgage can help reduce your overall monthly payments. This strategy leverages the typically lower interest rates of mortgages compared to other forms of credit.

Mortgage Conditions Paying Off Credit Card

Some mortgage conditions allow for paying off credit card debt using equity from your home. This can be a cost-effective way to manage high-interest credit card debt.

Main Mortgage Debt Consolidation

Mortgage debt consolidation involves merging multiple debts into your mortgage. This can streamline your payments and potentially lower your overall interest rate.

Informed Decision Mortgage for Debt Consolidation

Using a mortgage for debt consolidation can simplify your finances and reduce your interest costs. It involves taking out a new mortgage or remortgaging to include your existing debts.

Mortgage with Debt Consolidation step by step application process

A mortgage with debt consolidation features can help you manage multiple debts efficiently. This approach consolidates your debts into your mortgage, potentially lowering your interest payments.

Mortgages Debt Consolidation work life benefits

Mortgages designed for debt consolidation can simplify your financial obligations. By consolidating debts into your mortgage, you can benefit from a single, potentially lower, monthly payment.

Borrow money with Mortgages for Debt Consolidation – is it a good idea?

Mortgages specifically for debt consolidation can offer lower interest rates and simplified payments. This can be a strategic way to manage multiple debts more effectively.

Pros and Cons of a Remortgage Consolidate Debt

Remortgaging to consolidate debt can help reduce your monthly payments and simplify your finances. This process involves taking out a new mortgage to pay off existing debts.

Remortgage Debt Consolidation – get a fast mortgage appointment

Debt consolidation through remortgaging can be an effective way to manage your financial obligations. This involves refinancing your mortgage to include your debts, resulting in one manageable payment.

Do you need a qualified mortgage advisers for a Remortgage for Debt Consolidation?

Remortgaging for debt consolidation can lower your overall interest payments and simplify debt management. This approach uses the equity in your home to pay off other high-interest debts.

Free debt advice – is a Remortgage to Clear Debt wise?

Using a remortgage to clear debt can provide financial relief. By refinancing your mortgage, you can release equity to pay off existing debts, potentially lowering your overall interest rate.

Financial Considerations for a Remortgage to Consolidate Debt

Remortgaging to consolidate debt can simplify your financial situation. This process combines multiple debts into one mortgage, potentially reducing your monthly payments and interest rate.

Remortgage to Pay Debt and other credit commitments

Remortgaging to pay debt can be a strategic financial move. This involves using the equity in your home to pay off existing debts, helping to reduce your overall interest burden.

Lump Sum Remortgage to Pay Off Debt if you are an existing mortgage customer

Using a remortgage to pay off debt can help you manage your finances more effectively. By refinancing your mortgage, you can clear high-interest debts and benefit from lower mortgage interest rates.

Remortgage with Debt Consolidation with a mortgage advisor

Remortgaging with debt consolidation features can simplify your debt management. This approach consolidates your debts into one mortgage, making it easier to keep track of your payments.

Remortgage with Debt Management Plan – what are my finance options with a cheaper rate?

Remortgaging with a debt management plan can help you regain control of your finances. This strategy involves refinancing your mortgage to include your debts, simplifying your payments and potentially lowering your interest rate.

Remortgaging for Debt Consolidation on a repayment basis or interest-only basis

Remortgaging for debt consolidation can be a practical solution for managing multiple debts. This process combines your debts into one mortgage, reducing your overall interest payments and simplifying your finances. It is very unwise to miss payments on purchase agreements even if you are financially struggling.

Remortgaging to Consolidate Debt

Remortgaging to consolidate debt can help you streamline your financial obligations. By refinancing your mortgage, you can pay off existing debts and benefit from a single, potentially lower, monthly payment.

Remortgaging to Pay Off Debt – mortgage process after the initial mortgage rate finishes

Using remortgaging to pay off debt can provide significant financial relief. This involves taking out a new mortgage to clear existing high-interest debts, potentially lowering your overall interest costs.

Can I Get a Mortgage with Debt?

Yes, it is possible to get a mortgage with debt. Lenders will assess your overall financial situation, including your debt-to-income ratio, credit score, and employment history. Having debt does not automatically disqualify you from obtaining a mortgage. Demonstrating that you can manage your debt responsibly is key to securing approval.

Can You Remortgage to Pay Off Debt?

Yes, you can remortgage to pay off debt. Remortgaging can be a strategic move to consolidate high-interest debts into a single, more manageable monthly payment with a potentially lower interest rate. This approach can help streamline your finances and reduce your overall interest payments.

Can You Remortgage to Consolidate Debt including secured and unsecured debt?

Absolutely, remortgaging to consolidate debt is a common practice. By combining multiple debts into your mortgage, you can simplify your finances and possibly lower your monthly payments. It’s important to consider your loan-to-value (LTV) ratio and ensure that you are not borrowing more than your property’s value.

Can I Remortgage to Pay Off Debt including multiple unsecured debt agreements?

Yes, you can remortgage to pay off debt. This involves increasing your mortgage amount to cover your existing debts. Using the equity in your home to clear other financial obligations can help reduce your overall interest payments and simplify debt management.

Can I Remortgage with Credit Card Debt to consolidate debts?

Yes, remortgaging with credit card debt is possible. Credit card debt typically carries higher interest rates compared to mortgages. By remortgaging, you can transfer this debt to your mortgage, which usually offers a lower interest rate, thereby reducing your monthly financial burden.

Can I Remortgage to Pay Off Debts like personal loans?

Yes, remortgaging to pay off debts is a viable option. This can help streamline your finances by consolidating multiple debts into one. It is important to consider the terms of the new mortgage and the total amount you will pay over the extended term.

Is it a Good Idea to Remortgage to Pay Off Debt like my personal loan?

Remortgaging to pay off debt can be a good idea if it lowers your overall interest payments and simplifies your debt management. However, evaluating the costs associated with remortgaging is important, such as valuation fees, legal costs, and potential early repayment charges on your current mortgage is important. A soft credit check can help you assess your options without impacting your credit score.

How Many Times Can You Remortgage? Should I consider a secured loan?

There is no set limit on how many times you can remortgage. The decision to remortgage should be based on your financial situation and the terms available at the time. Frequent remortgaging may incur costs and fees, so weighing the benefits against the expenses is essential.

Should I Remortgage to Pay Off Debts – what about my existing lender?

Whether you should remortgage to pay off debts depends on your individual circumstances. It could be a beneficial move if it helps you achieve a lower interest rate and better manage your finances. Consulting with a financial advisor is advisable to understand the long-term implications and ensure it aligns with your financial goals.

Other Remortgage Options to repay debts: