Debt Awareness Week (DAW) is an annual campaign by StepChange Debt Charity. DAW aims to increase awareness of debt and provide advice and solutions available to help.
As the cost-of-living crisis continues, many people across the UK are struggling financially, many of whom are finding it hard to get debt-free.
According to research by StepChange, there are five common reasons people don’t seek help and advice with debt concerns. These include:
Consolidating Debts into your Mortgage
If you or someone you know has found themselves in need of a little help financially. Whether circumstances out of your control have put you in debt or you have simply spent more than you have earned, it is important to address the situation and take control to get back on an even keel.
The Financial Conduct Authority recognises that some clients looking to consolidate unsecured debt into their mortgages may be vulnerable. Our specially trained advisors will ensure you receive the appropriate level of care and advice and work out a plan to get you back on track.
We look at each debt individually and assess if it is best to consolidate it into your mortgage, leave it as it is or adjust the payments in some way. You will be given a schedule showing each debt and the true cost of consolidation, which your advisor will run through with you. Below are some benefits of consolidating your debts into your mortgage:
Our Independent Mortgage Advisors compare the whole mortgage market ensuring you receive the very best product for your circumstances, and we can also offer alternative debt solutions if they are more appropriate.
Be sure to think carefully about securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
If you think Debt Consolidation is for you, give our experts a call on 01628 507477.
Debt charity, StepChange provides free debt help and advice. Contact them here.
The Financial Conduct Authority (FCA) has published a discussion paper about the future of the mortgage market in a bid to improve access for first -time buyers, self-employed, and those borrowing in retirement.
Ever wondered where the most reasonably-priced towns for families to buy are? Property company, Zoopla has identified the top 10 towns for families to live in the UK by looking at the most affordable towns, and how many people are looking in that area.
7 days ago
There was a 32% increase last year in 100% loan-to-value (LTV) mortgages which are mortgages that require zero deposit. According to a recent report by chartered accountants and business advisers, Lubbock Fine, the reason behind this is buyers simply struggling to save enough for a deposit.
8 days ago
Many people are quite private when it comes to what is in their bank account. In this short blog, we look into what Brits have saved by age group.
Research from buy-to-let lender, Landbay, shows that UK landlords are looking at raising rents ahead of the Renters' Rights Bill which is due to come into force this year.
Data shows landlords could miss out on green mortgages due to expired energy performance certificates.
Buying a house is a big deal, and where you are planning to buy will make a difference financially. In this short blog, we look at the most affordable and most expensive areas and how much you need to be earning to buy in there.
20 May 2025
Equity release is a type of mortgage that allows homeowners 55 and over to access money from their property's equity without having to leave their home. This is done by securing a loan against the house which is usually repaid by selling the property when the borrower passes away or has to move into long-term care.