You should think carefully before securing other debts against your home because consolidating debts could increase the total amount you pay back. Your home may be repossessed if you do not keep up repayments on your mortgage.
*The maximum loan, rate and loan-to-value ratio offered may vary based on your individual circumstances
| Second Charge - Smaller Loans Cost for Comparison | Second Charge - Larger Loans Cost for Comparison |
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To help you understand a typical cost for a mortgage, please see the representative example below. The figures used are for illustration purposes only, your actual costs and monthly payments will vary depending on your mortgage. For example:A mortgage of £25,000 payable over 18 years, initially on a fixed rate for 5 years at 9.70% and then on a tracker at 2% above the Together Homeowner Managed Rate currently 8.75% (variable) for the remaining 13 years would require 60 instalments of £277.76 followed by 137 monthly payments of £291.67 plus a redemption administration fee of £100.00. Read more information on THMR. The total amount payable would be £57,016.06 made up of the loan amount (£25,000) plus fees (arrangement fee (£995), broker fee (£1,388) and redemption administration fee (£100), plus interest (£29,533.06). The overall cost for comparison is 12.3% APRC representative. The actual rate available will depend upon your circumstances. Ask us for a personalised illustration. |
A mortgage of £105,000 payable over 18 years, initially on a fixed rate for 5 years at 8.20% and then on a tracker at 2% above the Together Homeowner Managed Rate (THMR) currently 8.75% (variable), for the remaining 13 years, would require 60 instalments of £962.29 followed by 156 monthly payments of £1,098.86 plus a redemption administration fee of £100.00. Read more information on THMR. The total amount payable would be £229,259.56 made up of the loan amount (£105,000)plus fees (arrangement fee (£1,495), broker fee (£1,981) and redemption administration fee (£100), plus interest (£120,683.56). The overall cost for comparison is 10.2% APRC representative. The actual rate available will depend upon your circumstances. Ask us for a personalised illustration. |
| Smaller Loans Cost for Comparison |
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To help you understand a typical cost for a mortgage, please see the representative example below. The figures used are for illustration purposes only, your actual costs and monthly payments will vary depending on your mortgage. For example:A mortgage of £25,000 payable over 18 years, initially on a fixed rate for 5 years at 9.70% and then on a tracker at 2% above the Together Homeowner Managed Rate currently 8.75% (variable) for the remaining 13 years would require 60 instalments of £277.76 followed by 137 monthly payments of £291.67 plus a redemption administration fee of £100.00. Read more information on THMR. The total amount payable would be £57,016.06 made up of the loan amount (£25,000) plus fees (arrangement fee (£995), broker fee (£1,388) and redemption administration fee (£100), plus interest (£29,533.06). The overall cost for comparison is 12.3% APRC representative. The actual rate available will depend upon your circumstances. Ask us for a personalised illustration. |
| Larger Loans Cost for Comparison |
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A mortgage of £105,000 payable over 18 years, initially on a fixed rate for 5 years at 8.20% and then on a tracker at 2% above the Together Homeowner Managed Rate (THMR) currently 8.75% (variable), for the remaining 13 years, would require 60 instalments of £962.29 followed by 156 monthly payments of £1,098.86 plus a redemption administration fee of £100.00. Read more information on THMR. The total amount payable would be £229,259.56 made up of the loan amount (£105,000)plus fees (arrangement fee (£1,495), broker fee (£1,981) and redemption administration fee (£100), plus interest (£120,683.56). The overall cost for comparison is 10.2% APRC representative. The actual rate available will depend upon your circumstances. Ask us for a personalised illustration. |
Consolidate your debts into one easy to manage, and potentially cheaper, monthly payment. Our debt consolidation loans are from £20k - £500k and go up to 75% of the value of your property. We can even consider properties classed as non standard as a security.
We can accept automated valuations, using data from a range of existing databases to automatically calculate a value for the property that the loan will be secured against, greatly reducing the timescales and costs required.
If you would prefer a single – and potentially lower – monthly repayment, we could help. You could use the equity you’ve previously built up in your home to pay off your existing unsecured debts, even if you already have a mortgage on your home. Remember: depending on the rate and length of the loan you use to consolidate your debt, you may end up repaying more in total.
Life doesn’t stand still and your credit rating is just a moment in time. We appreciate your employment status may have changed, or you may have had to use payday loans to help manage your money. This doesn’t mean you're automatically excluded from borrowing with us.
At Together, we get to know you and your circumstances – not just your credit rating – and always do the sums to check you can afford the repayments after paying off your other debts.
We can lend in many cases that mainstream lenders can’t.
Do you want to understand the potential cost of your mortgage or loan?
We can give you an idea of the monthly costs with just a few details like the property value, your deposit amount and how long you need the loan to last.
Find out hereA debt consolidation loan allows you to combine all of your existing debt into one loan. If you’re making a number of monthly payments to varying credit cards, overdrafts or other loans, combining them into one single payment may allow you to keep a better track of what you owe, and may allow you to pay less overall interest at a lower rate.
The loan will give you a lump sum to pay off your existing debt, whether that be from an overdraft, personal loans or credit cards. Once you’ve done that, you’ll have a fixed amount of time to pay off the debt consolidation loan, but you’ll only have to make one payment per month.
