mortgages
Debt Consolidation Advice
Regain Control. Simplify Repayments. Move Forward.
Managing multiple debts can quickly become overwhelming, especially when you're juggling different interest rates, payment deadlines, and lenders. Debt consolidation is a practical solution that brings all your existing unsecured debts into one manageable monthly payment, often at a lower interest rate.
What Is Debt Consolidation?
Debt consolidation involves using a new loan, such as a remortgage, secured loan, or personal loan, to repay multiple existing debts. The aim is to:
Simplify your finances with one monthly repayment.
Reduce your monthly outgoings.
Improve cash flow and reduce stress.
Help you get back in control of your overall debt.
While it can be effective, it’s not suitable in every case and must be considered carefully.
How We Support You
Managing debt requires careful planning and expert advice.
If you are exploring debt consolidation through a mortgage, please note that Baker Hill Associates Ltd are not authorised to provide mortgage advice.
Where mortgage-based consolidation may be appropriate, we will introduce you to an authorised third-party adviser who can:
• Review your financial situation in detail
• Explain secured vs unsecured borrowing options
• Provide regulated advice on consolidation mortgages
• Manage the full application process with transparency
We can support your broader financial planning, but all regulated mortgage advice will be provided exclusively by our third-party partner.
What You Need to Know
Consolidating debts through a mortgage means securing previously unsecured debt against your home. This carries the risk of repossession if repayments are not maintained.
You may end up paying more interest over a longer term, even if your monthly payments are lower.
Some debts (like credit cards or loans) may carry early repayment charges.
There are alternatives, such as debt management plans or advice from free services like MoneyHelper.
That’s why it’s vital to get expert advice before making a decision.
Think carefully about securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
Get in touch
If you’re feeling the pressure of multiple debts, you don’t have to face it alone.
Contact our experienced team today for a confidential, no-obligation conversation about your options.