Remortage to pay off debts

MrsSave

I can understand how low you must be feeling but please, please do not ignore the advice you've received here. The people who have posted really do know what they're talking about. 9 times out of 10 consolidation is a big mistake. Draw up an soa and post it here. Contact one of the debt charities who will also be full of advice. There will be a way through your debt and there will be plenty of support along the way.

EssexHebridean

Cortina123 wrote: »

Mimi,
Many thanks for your reply,
I did not come back on here as just got so depressed with it all.
I am currently trying to remortgage with a broker, got aip with hard credit check, just put in full application, this has stressed me out even more.
It is a bit of relief to see im not alone, so thank you for posting.

Have you read the other replies to this thread at all?

knightstyle

Hi Cortina123, As you probably realise you are not alone, there are hundreds of us here to help so do not be afraid to come back.
We have in the past increased our mortgage to cover debts, £12k to be exact and are still paying it off over 15 years later. BUT we have never been in arrears with the payments.
So it can work.
But my advice is to first do a budget check see https://www.moneysavingexpert.com/banking/Budget-planning
Then, if you can afford it apply for a bigger mortgage, remember you can pull out at any stage till the end and only do it if you are not going to move in the next few years.
Good luck.