05/06/2025
WATCH THIS VIDEO EXPLANATION OF DEBT CONSOLIDATION
THE BENEFITS AND THE PITFALLS TO AVOID
Debt consolidation loans or mortgages allow you to spread the cost of your debts over a longer term and normally at lower rates which reduces your repayments.
This can allow you to regain control of your outgoings and you can make over payments to repay the loan sooner when you are able.
Talk to adviser who is expert in both mortgages and secured loans before securing debt against your home as it could cost you more overall if you keep the loan for the longer term.
https://www.promisemoney.co.uk/secured-loans/debt-consolidation-loans/
www.promisemoney.co.uk
Promise Money is a broker not a lender.
Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance,
commercial mortgages and development finance
These loans are secured on property and subject to the borrowers status
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Correct when this post / video was published
Mortgages and Remortgages
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at
£1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender's current variable rate at the time.
The total charge for credit is £317807.66 which includes £2,500 advice / processing fees and £125 application fee.
Total repayable £587,807.66
Secured / Second Charge Loans
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender's current variable rate at the time.
The total charge for credit is £55.730.20 which includes £2,660 advice / processing fees and £125 application fee.
Total repayable £117,730.20
WATCH THIS VIDEO EXPLANATION OF DEBT CONSOLIDATION
THE BENEFITS AND THE PITFALLS TO AVOID
Debt consolidation loans or mortgages allow you to spread the cost of your debts over a longer term and normally at lower rates which reduces your repayments.
This can allow you to regain control of your outgoings and you can make over payments to repay the loan sooner when you are able.
Talk to adviser who is expert in both mortgages and secured loans before securing debt against your home as it could cost you more overall if you keep the loan for the longer term.
https://www.promisemoney.co.uk/secured-loans/debt-consolidation-loans/
www.promisemoney.co.uk
Promise Money is a broker not a lender.
Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance,
commercial mortgages and development finance
These loans are secured on property and subject to the borrowers status
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Correct when this post / video was published
Mortgages and Remortgages
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at
£1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender's current variable rate at the time.
The total charge for credit is £317807.66 which includes £2,500 advice / processing fees and £125 application fee.
Total repayable £587,807.66
Secured / Second Charge Loans
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender's current variable rate at the time.
The total charge for credit is £55.730.20 which includes £2,660 advice / processing fees and £125 application fee.
Total repayable £117,730.20