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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.

At Bakerhill, we provide honest, tailored advice to help you assess whether debt consolidation is the right step an,d if so, guide you toward a solution that supports your financial stability and long-term goals.

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.

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How We Support You

At Bakerhill, we take a holistic, responsible approach to debt consolidation. We will:

  • Conduct a full review of your financial situation.

  • Explain the pros and cons of all your available options.

  • Help you compare secured and unsecured solutions.

  • Explore ways to reduce your household expenses and insurance costs.

  • Ensure your family’s key protections remain intact.

We also work with clients who may have less-than-perfect credit, and we’ll always aim to find a practical route forward with no judgment, just clear, compassionate guidance.

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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.

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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.