Jubilee 2000 can help you with debt consolidation remortgages in 2026. Jubilee 2000 has a new lender starting February 1st 2026, 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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Can I Remortgage To Pay Off Debts, Such As Credit Card Balances?
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 spreading the payments 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 2026, 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 stricter.
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 security to 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 spending through a remortgage.
Choose When You Want Your Debts Cleared by considering mortgage lenders
As remortgages simply change your mortgage product or provider, you can choose the repayment terms when you move. That can be up to 25 years, with a few lenders extending beyond that period, provided you repay the total outstanding balance before you retire.
All unsecured debts must be repaid within a maximum of seven years. Because of the shorter repayment schedule and higher interest rates, this type of short-term debt typically 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, it could even save you money over the life 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. You won’t save in the long term if you don’t pay interest.
If you are repaying both interest and capital, you will likely pay more in interest than you need to. 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, lenders are on the back foot when it comes to circumstantial changes, as they’re inflexible about overpayments, especially for loyal customers who may have taken out a mortgage a decade ago based on a sole income. Household salaries are likely to have increased since the mortgage origin date.
It’s hard to believe you can get penalised for paying more for your mortgage. They’ll usually add an overpayment fee if you want to make overpayments to repay the debt faster. If you want to pay more, you usually need to ask the lender to alter the terms of your mortgage so you can do so without incurring a penalty. Even then, it can be restricted to a £ 500-per-month penalty-free limit, for example.
If you’re now earning more and paying more towards various debts to get them cleared off as soon as possible, 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, including 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 each 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 and 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. For example, if you have 10 years left to run, shorten the repayment terms so it’s repaid in a shorter time frame. Careful consideration and forward-thinking should be exercised 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 differ in the level of risk they’re willing to approve applications for. 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 offers, it’s essential to review each offer’s terms and conditions. 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 lender may require a debt-to-income ratio below 35%.
The same can apply to the Loan-to-Value ratios stated. For any other reason, it’ll be the advertised amount; for debt consolidation, the LTV can drop by 10%. That’s the only main difference in how your applications are assessed. Before your application can be approved, you’ll still need to pass the affordability test and all other regulatory requirements for secured loans.
Alternative methods of debt consolidation, instead of debt consolidation remortgages
SECOND CHARGE LOANS (HOMEOWNER LOANS)
Should you fail to meet the lending criteria of any lender, specialist firms will offer different options. A second-charge mortgage takes a similar approach to a standard remortgage; instead of placing the first charge on your title deeds, it’s added as a second charge. That means that if a customer defaults and the property is repossessed, the first-charge mortgage has priority over payments from the sale proceeds.
That will be paid in full, provided the sale price covers it. Then what remains will be paid to the company under 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 they may not get the full amount if they do. Since they won’t have a repayment guarantee, interest rates are higher for this type of finance.
UNSECURED LOANS
Unsecured finance is risky for lenders, so they’ll charge a higher interest rate. It’s only suitable for debts under £25,000, though some lenders extend the limit 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.
DEBT CONSOLIDATION 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 widely used method is a Debt Management Plan, which involves negotiating with creditors for a fixed monthly payment plan. Debt charities can offer various free services and plans, though some may charge administration fees. 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 must know you can manage it for the long haul.
If you feel you’ll struggle with the temptation of available credit, it’s best to get professional advice on the best options. 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, so 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 making adjustments is difficult once the deals are signed and sealed. Therefore, 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.