If you have many different debts and are paying high interest rates then remortgaging your home can sometimes help. It depends on the size of your debt and your income but lower monthly repayments can be possible.
Remortgaging can offer a lower interest rate than a consolidation loan but bear in mind that your home will be at risk if you can’t keep up payments.
An IVA is often a better choice than remortgaging if you have debts over £15,000 and our Best Advice Model will tell you whether or not this is the case when you call Debt Free Direct.
If it is genuinely the best solution, Debt Free Direct will search the market at no cost to you and find a mortgage deal that meets your needs.
