Remortgaging Advice For Consolidation Of Debt Including Additional Borrowing

FleetingHummingburd

Good Morning All First Post, But I believe I'm in the right place ') 

I've tried to look at different Boards and decided Reddit may be the best place for the advice I'm looking for 

Currently Based in the UK with a Repayment Mortgage with NatWest. Mortgage Remaining Fixed Rate Term is 11 months due to end and My Outstanding Balance of Mortgage at a rough estimate in 11 months time is £36500 with £9500 of this included as additional Borrowing Which both would lieat 15 years remaining on the initial mortgage (Took additional borrowing to  tie in with mortgage rate expiry)

My Debt is as follows as of August 2026 (Rate Expiry)

Loan at 8800

Loan at 6750

Loan at 5440.

I have a small Personal Finance Car Loan which will be excluded from additional borrowing at around £1000 left and a Credit Card which would be around £1500 

My understanding is I am unable to account for The car loan and Credit Card due to it being at 0% Interest 

Therefore my Total Balance remaining would be around about £45000

What I am looking to achieve is to Consolidate some debt, and also some additional borrowing for house maintainence work. This would also include myself increasing the term via 8 years.

The amount I wish to add onto my mortgage to consolidate Debt and Home Improvements is £36000. This would take my LTC ratio to 89%

Having used Compare The Market, I am able to see offers available when entering my details above.

Additional Information:

I havea Fair Credit Score

I have Never missed a mortgage payment, Loan Payment or Credit Card Payment 

My question and Advice today is, 

What is my Likelihood of my circumstances being accepted for additional borrowing? 

I've been reading some Mortgage Providers will only allow up to 80% LTV for debt consolidation. 

Any advice would be grateful Thankyou

FleetingHummingburd

Few Spelling Mistakes, Unsure how to edit but LTC I meant to put LTV

FleetingHummingburd

Also, Typed Reddit as my original post was from there but didn't get any replies  

FleetingHummingburd

Also, Property Value is £92500

fatbelly

Pop over to debt free wannabe for proper advice.

You don't want to be moving nonpriority debt to a more dangerous place

FleetingHummingburd

Thanks alot mate will do! 

Would you class the loans as non priority? Just trying to figure things out  

ACG

This can be done and a broker should be able to help you do it. 

However... You have previously done debt consolidation by the sounds of it and now you want to do it again. There is nothing wrong with that as a general rule of thumb. But it usually suggests that you are living beyond your means. At some point it will come back to bite. Im not saying that is the case here, but we dont usually do debt consolidation a second time.

If it is the case (and you will likely know if it is), then the debt free board might be a good place to start.