Potentially combining 1st and 2nd charge mortgages in future

WK77

Hi,

Just wondering if anyone can provide a bit of advice. I have been investigating re-mortgage to include my unsecured debts. My current mortgage has around £100k outstanding and 25yrs left. I was considering adding £30k of unsecured debt to this against the property value of around £190k. I have been advised from initial contact with a broker that this will be very unlikely to achieve due to reluctance of mortgage providers to consolidate this much CC/unsecured loan debt in relation to income levels (compared to my salary of £40k).

Aside from the fact that many on here would advise against moving the debt into a mortgage at all (advice which I understand, but on balance am prepared to consider as an option here), my thoughts have turned to an option of consolidating short-term with a 2nd charge mortgage which would be a great help with the monthly budget. My grand plan would then be to go 12-24months with the two mortgages and not taking on any new debt in this time, then looking to remortgage to combine the two into one and really bring my monthly payments down a fair bit further.

Would looking to remortgage and combine the two typically have a better chance of success than trying to consolidate unsecured debt into a remortgage right now? Especially if backed up by a year or two of full repayments and no new consumer debt. Or is does this risk being rejected too? Any thoughts/comments would be gratefully received.

getmore4less

Whats it look like in the snowball calculator without changing.

Might be better focusing on a good deal for the mortgage and snowball the rest with some 0% juggling to get it down a bit before looking at consolodating.

with £2.5k net coming in and around £500 going out on the mortgage should be able to find around £1k to thow at the debts.