Consolidating debts to find a way to YES
We can help borrowers looking to consolidate their debts, using up to 50% of the loan to pay off the debts of the entire loan.
Looking for something different? They can also pay off debts up to 100% of the loan via our Up To 100% Debt Consolidation solution, or when placed through our packager exclusives.
Reducing monthly outgoings by £920 a month - real life example
A couple coming to the end of their mortgage term with their high-street bank were looking to refinance.
They’d build up a lot of debt over the last five years and were worried about their affordability given the increased cost of servicing their credits cards and mortgage payments.
Both borrowers had good income, pension agreements and wanted to stay in their home long-term.
We were able to help them refinance their mortgage to Interest Only, clear their credit card debts and reduce their monthly outgoings by £920 per month – putting them in a better position for their future.
Key Points:
- For borrowers over 40:
- Up to 100% of the loan can be used for debt consolidation (50% with standard products, 100% on our Up To 100% Debt consolidation product or our packager exclusives)
- Up to 85% LTV
LiveMore can help where other lenders can't.
Got a client that needs to consolidate debt? Start with our quick calculator to see what repayment options could be available for your client