Debt Consolidation Savings Calculator
See how much you could save each month by consolidating your debts into one mortgage payment
1Your Current Debts
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2Your Current Mortgage
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3New Remortgage Details
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How Does Debt Consolidation Remortgaging Work?
1
Add up your debts
Total all your outstanding balances — credit cards, loans, car finance, store cards — along with their monthly payments.
2
Remortgage for more
Your new mortgage is for your current balance plus the debt total. The extra is used to pay off all your debts in full.
3
One lower payment
You now have a single monthly payment at a much lower interest rate — often saving hundreds per month in outgoings.
Important Information
- This calculator provides estimates only. Actual rates and payments may vary based on your individual circumstances, credit history, and lender criteria.
- While your monthly payments may be lower, extending debt over a longer mortgage term may mean you pay more in total interest over the life of the loan.
- Your home may be repossessed if you do not keep up repayments on your mortgage. A debt consolidation remortgage secures previously unsecured debts against your property.
- Early repayment charges may apply to your existing mortgage. Check with your current lender before remortgaging.
Unsure which mortgage option is right for you?
If you're unsure which mortgage option is right for you – call today to speak with one of our mortgage experts or talk with us via our live mortgage advisor help chat.
To speak to a mortgage advisor call 0800 029 1671