Paying £500+ a month on credit cards and loans? Homeowners can swap it for one payment.

Q: Will I lose my mortgage rate?

Not necessarily. A secured loan, also called a homeowner loan or second charge mortgage, sits alongside your existing mortgage and leaves its rate completely untouched.

Check your options in 30 seconds. It will not affect your credit score.

Compare second charge, remortgage and further advance
Bad credit considered
Keep your current mortgage deal where possible
Free and no obligation

What one payment could look like

An illustrative example using fixed example rates, not a live quote.

Illustrative rates: The rates in this example are fictional and used only to show how the numbers work. They are not an offer. Your actual rate may be lower or higher and will depend on your circumstances, your property and the lender. Consolidating debt over a longer term can mean you pay more interest overall, even if your monthly payment falls.

	Amount
Current monthly payments (credit cards at 24.9%, personal loan at 12.9%)	£532/month
New monthly payment (£20,000 secured loan at 7.9% over 15 years)	£188/month
Total repayable over the new term	£33,840

The monthly payment falls, but because the debt is repaid over a much longer period, the total repaid over the full term is higher than the amount originally owed. A broker will always show you both figures before you decide anything.

Three ways homeowners consolidate

Secured loan

Also called a homeowner loan or second charge mortgage. A separate loan alongside your existing mortgage, which stays completely untouched, rate and all.

Remortgage to pay off debt

Replace your existing mortgage with a new, larger one and use the extra to clear your debts. Often suits homeowners whose current deal has ended or is ending soon.

Further advance

Borrow more from your existing mortgage lender, on top of what you already owe them, without switching to a new lender.

How it works

Three steps, no obligation

Tell us about your situation

About 30 seconds. Checking your options will not affect your credit score.

A broker compares your routes

An FCA authorised broker compares secured loan, remortgage and further advance options for your numbers.

You decide, with the numbers in front of you

See the monthly payment and total repayable before you commit to anything. No obligation to proceed.

Frequently asked questions

Do you run a credit check?

Checking your options with us will not affect your credit score. A full credit check only happens later, if and when you choose to formally apply with a lender, and your broker will explain that step clearly first.

Will I lose my mortgage rate?

Not necessarily. A secured loan (also called a homeowner loan or second charge mortgage) sits alongside your existing mortgage and leaves its rate completely untouched. If a remortgage suits you better, your broker will factor in any early repayment charge before recommending it.

Can I do this with bad credit?

Often, yes. Several specialist lenders work with homeowners who have missed payments, defaults or a CCJ. The rate offered will usually reflect the extra risk, and how much equity you have in your home matters as much as your credit history.

How long does it take?

It depends on the route and the lender, but secured loans can often complete within a few weeks, since your existing mortgage isn't being touched. A remortgage or further advance timeline depends on your current lender and how quickly paperwork moves.

Is it free?

Checking your options with us is free, with no obligation to proceed. If you go ahead with a broker and a lender, any fees involved (such as broker or lender fees) will always be explained to you clearly before you commit to anything.

What if my bank has already said no?

Your own bank only offers its own products and criteria. A broker has access to a wider range of specialist secured loan and remortgage lenders, including some who take a broader view than your everyday high street bank.

Could I pay more overall?

Possibly, yes. Spreading debt over a longer term usually means paying more interest overall, even though your monthly payment falls. Your broker will always show you the total cost, not just the monthly figure, before you decide anything.