Sometimes a Debts Management Plan or an IVA is not your best debt solution to your debt problem. Debts Management may be able to offer you one of our secured lending opportunities which might be more suitable.

What is Secured Lending?

Secured lending can allow the debtor to consolidate their unsecured debts into a secured loan. This may often most suitable for those who have equity in their home, can afford to make the new secured loan payment and want to take advantage of a potentially lower interest rate.

Secured Lending Benefits

Benefits of Secured Lending, in comparison with alternative debt solutions, could include:

• Lower monthly payments
• Payments are more affordable to you
• One single payment which is easier to manage
• Often a better interest rate than with an unsecured loan

Secured Lending Implications

You should be aware that as well as any benefits of Secured Lending, there can be some implications which must be noted. These include:

• Not everyone is suitable for secured lending
• Longer time to clear your debts
• Risk that spending may continue on the consolidated debt.

Debts Management Services

Secured lending services which Debts Management can offer you advice on, include:

• Secured Loans – A Secured Loan is otherwise known as a homeowner loan, and is secured against an asset of value. It is normally most suited to homeowners who have equity in their property.
• Remortgages – A Remortgage can be a great way to consolidate your unsecured debt or raise additional funds using the equity in your home.
• Consolidation Loans – Consolidation Loans are often secured against an asset. They are used to clear high-interest unsecured debt, such as store cards, overdrafts and credit cards.

Each section seeks to provide you with the basic information about each product area, such as who they are suitable for, how they work to help you with your debts problems and any benefits and implications.

For advice and information about secured lending or other debt solutions, contact Debts Management today on 0800 0481 777 or fill out the QuickEnquiry for a free callback.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

For mortgages and re-mortgages the overall cost for comparison is 5.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.

The new loan could pay off your existing unsecured debt and therefore replace it with your one new loan. But we will not place any restrictions on what you can or cannot do with your loan.

A mortgage with Debts Management is simply a loan which you take out to purchase your home. A mortgage is a form of secured loan, meaning that you are borrowing money against the value of the property.

Debts Management specialise in finding mortgages for those with an adverse credit history. Don’t panic if you have CCJs, defaults or if you have been turned down for a mortgage in the past – Debts Management could still help you get accepted for a mortgage.

No matter what your credit history, Debts Management can help you find a mortgage which is right for your circumstances as we have access to a strong panel of lenders. Our mortgage advisors are all CeMAP or CeRGI qualified, and they will search through the very best lenders to find the deal that’s right for you and at a very competitive rate.

Debt Consolidation Mortgage

A debt consolidation mortgage will also pay off your unsecured debts, by taking this type of mortgage you could lower your monthly payments as well as the rate of interest. Instead of having multiple debts to pay, you would only have one mortgage repayment.

If you are struggling with your outgoings then a debt consolidation could be the answer to simplify your monthly outgoings as it will allow you to pay off all of your high-interest debt.

Debts Management Mortgage

If you think that Debts Management are the right people to help you with your mortgage enquiry, then please get in touch. Call our debt management advisors on freephone 0800 0481 777 or fill in our Quick Enquiry Form so we can call you back.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

For mortgages and re-mortgages the overall cost for comparison is 5.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.

If you have outstanding debt, such as credit cards, store cards or personal loans then you might want to consider a remortgage so you can consolidate your existing debt.

A remortgage means that you consolidate your debts into a remortgage so you only have one payment to make to all your debts.

Benefits of Remortgage to Consolidate Debt

If you are thinking of taking out a remortgage it can offer you some real benefits. This includes a much lower interest rate than what could be offered by your unsecured lender.

You must make sure that you can afford your remortgage as failure to keep up on repayments will put your home at risk.

For more information contact our advisors on 0800 0481 777.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

For mortgages and re-mortgages the overall cost for comparison is 5.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.

A Consolidation Loan could allow you to consolidate your existing debts so you are left with one monthly payment. Debts Management will search our panel of lenders to see if we can find you a consolidation loan to suit your personal circumstances.

The main advantages of a consolidation loan can be that you are dealing with one single creditor, you make a lower monthly payment as well as a lower interest rate than your unsecured debt.

Although you could be paying your debts off over a longer period through the loan, it will leave you with one creditor and a lower payment meaning that you may find that your financial stresses are reduced. There is also the risk that if you are unable to make your repayments to your consolidation loan then your home is a risk of repossession.

Unsecured Consolidation Options

Remember, if you are struggling to pay your debts there are other options such as a debts management plan. A Debt Management Plan offers you similar consolidation advantages, without the risk of losing your assets.

For advice and information on how to deal with your debts, call us free on 0800 0481 777.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

For mortgages and re-mortgages the overall cost for comparison is 5.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.

If you are a homeowner, you may have lots of equity in your home that you would like to release in order to pay off your unsecured debt. Remortgaging can often be a great way of paying off your debts, as it is often cheaper then any form of personal finance.

Debts Management can help you find a remortgage plan at a very competitive rate, no matter what your circumstances. In fact we are able to source lenders who can offer remortgages to those with a poor credit history, without a sky high interest rate!

Our clients have remortgaged for a number of different reasons, such as to release equity to pay off expensive credit cards bills, buy a new car or to make home improvements.

For professional information from our specialist advisors, please contact us on 0800 0481 777.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

For mortgages and re-mortgages the overall cost for comparison is 5.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.

If you are looking for a way to manage your debts, a Secured Debt Consolidation Loan could help.

A Debt Consolidation Loan can reduce your monthly payments to your unsecured debt by consolidating your existing unsecured debt and replace it with a secured loan. This should reduce the amount that you have to pay out to your debts, and having one lower monthly payment may make your finances much easier to control.

Still considering your options? Fill out the Quick enquiry Form now for a free callback and to  see what debt solutions are available for you.

Alternative Ways to Manage Your Debts

A Debt consolidation Loan is really only best suited to those who have equity in their property and feel confident that they can meet the payment commitment of the new loan. If you feel as though a Debt Consolidation Loan is not the answer to your debts problems, Debts Management can still help find a debt solution for you.

We can offer you advice on how to manage your debts with the help of a Debt Management Plan or IVA. Both of these should reduce your monthly payments to unsecured creditors which should give you greater control over your finances.

An IVA can come with many additional benefits; it offers a certain amount of debt write off so you only pay back what you can afford. It is a fixed payment plan so you pay monthly payments over an average period of 60 months, and then you can be debt free after your IVA has been completed.

No matter what your debt problems, Debts Management have helped people in a similar situation to you, and our experience means that we will be able to find a debt solution to suit your needs.

For advice and information about help to manage your debt through consolidation, call us free on 0800 0481 777.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

For mortgages and re-mortgages the overall cost for comparison is 5.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.