Start with the questions that matter
Will the monthly repayment reduce?
Will the total interest increase?
How do we stop the debt building again?
Begin with the full debt picture
We review balances, interest rates, minimum repayments, remaining terms and fees across the debts being considered. We then compare the proposed consolidation with keeping or repaying those facilities separately.
The purpose is to improve structure and control — not simply create spare borrowing capacity.
What the review may cover
- Credit cards, personal loans and eligible consumer debt
- Mortgage structure and available equity
- Expected repayment after consolidation
- Total interest over the proposed term
- Fees, break costs and lender conditions
- A shorter repayment target for consolidated debt
- Whether another approach may be more suitable
Avoid turning short debt into permanent debt
Where debt is secured against a home, the home may be at risk if repayments are not maintained. Re-borrowing after consolidation can also leave the client with both the new mortgage debt and fresh consumer debt.
Where consolidation is recommended, we explain the risks and discuss a repayment structure intended to reduce the consolidated portion within an appropriate timeframe.
The short-term relief and the long-term cost, side by side.
We show the short-term repayment and the longer-term cost side by side. If consolidation does not improve control of the debt, we will not present it as a solution.
Debt consolidation may not be suitable for everyone and can increase total interest or place property at risk. Approval remains subject to lender assessment.
