Loan consolidation
Whatever your reason, whether it is to extend your home by adding another bedroom, changing your kitchen or bathroom or even adding a conservatory our dedicated service will provide the best option to you. You may wish to consolidate those credit card balances, or even car loans that have high interest rates to a much lower interest rate. We have researched all the banks on the Island and the mortgage rates they offer. This knowledge allows us the freedom to save your time and money on your repayments.
The consolidation of all your loans could reduce your monthly outgoings dramatically for example:
| Loan | Cost | Period | Rate | Monthly cost |
|---|---|---|---|---|
| Existing mortgage | £130,000 | Over 22 years | @6.5% | £926.82 |
| Loan for kitchen | £10,000 | Over 5 years | @8.0% | £202.76 |
| Car loan | £15,000 | Over 4 years | @8.0% | £366.19 |
| Credit Card 1 | £6,000 | Monthly | @22% | £150.00 |
| Credit Card 2 | £5,000 | Monthly | @19% | £150.00 |
| Total | £166,000 | £1,795.77 |
One mortgage over 22 years @ 6% is £1,133.90pcm. Extra disposable income is £661.87.
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MORTGAGES MADE EASY