Remortgage / debt consolidation advice!

getmore4less

Counseling is not enough.

Has anyone done a proper debt review?

Shame you did not do the SOA a year ago when posed on debt board.

With a desktop of £185k and trying to add £50k you are over 80% LTV that may require a paid valuation and won't be a cheap rates.

Have you been advised of potential rates?
How long do you need to take this additional borrowing to be affordable?

Has the analysis been done against alternative options?

What rates are your current debts especially the second charge.

MovingForwards

@Sophie8916
I had over £25k of debt when my marriage broke down and it was £23k when I started over a few years later. The underlying issue was dealt with when I packed my stuff, relocated, moved into a flat share (horrifying at 40), no job and enough money for rent, bills and some food for 2 months.
Slowly clearing the debt with the support of people on the debt free boards, using spreadsheets and saving to buy my first home. I also snowballed my debts by picking the small ones off, saving money in a separate account to pay off the bigger ones.
Had I not saved for my home at the same time, I could have cleared it quicker, but that was my motivation and focus.

I've been debt free for nearly 2 years, a homeowner for nearly 1 year and money in the bank.

Many people on those boards had been there before, many join on a daily basis as consolidation doesn't work and now they have double the amount of debt, some have exhausted the available equity in their home and have even more debt than before it was consolidated. This is due to not addressing the issues behind it eg spending more than they earn, not budgeting, not being able to earn more, relationship breakdowns and a million and one other things.