Debt consolidation

Take control of your finances.

Same day enquiry

We’re here between 9am and 8pm Monday to Thursday and 9am to 7pm on Friday. If you contact us by 2pm we guarantee to get back to you the same day. If it’s after 2pm, we can’t promise we’ll be able to reply on the same day, but we’ll do our very best.

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I am a homeowner
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Consolidating unsecured debt through secured lending could increase the total amount you pay back. Your home may be repossessed if you do not keep up repayments on your loan.

Trying to manage multiple debts? Prefer a single and potentially lower monthly payment? We could help you take control.

We think looking at your individual situation, combined with our common-sense approach to lending, makes better sense for everyone.

The simpler way to manage payments

Managing multiple monthly payments can be a stressful experience.  But there could be a simpler way. A debt consolidation loan from Together, secured against your home, will combine all your existing debts into one single monthly payment, which could be more affordable. Our approach to lending considers your individual circumstances, not just your credit profile. So even if you’ve had previous problems, you could still get a debt consolidation loan with us.

 

We’ll consider debt consolidation loans for:
  • ex-council houses, flats and maisonettes
  • high-rise properties (yes, even ones above 6 floors)
  • properties with poor valuations (when the property is in a less than perfect condition)
  • non-standard constructions (When the property you want is a little out of the ordinary)
  • normal brick-built houses, flats and maisonettes
  • properties where more than 40% will be owner occupied

 

Key features
  • Loans from £3,000 to £1,000,000
  • Up to 77.5% LTV (loan to value)
  • CCJs and Defaults accepted (up to 70% LTV)
  • Variable rates from 6.65%
  • 5-year fixed rates available from 7.4%
  • Interest-only repayment options available

 

With added value

Combining your debts is one possible way to have more control over your finances. Our terms are usually at a lower rate than unsecured credit, such as higher purchase agreements or credit cards. Plus, we offer a 5-year fixed-rate option which may help you manage your monthly outgoings. Also, we don't hit you with early repayment charges if you want to pay off your loan early.

 

Overall cost for comparison

For example: A loan of £65,000 payable over 25 years on our variable rate for the loan term of 25 years at our current rate of 7.65% (variable) would require 300 monthly payments of £523.21 plus a redemption administration fee of £150.00.

The total amount payable would be £157,112.08 made up of the loan amount plus interest on the loan (£81,011.23), processing fee (£3,250.00) and arrangement fee (£1,625.00) plus interest on these fees (£6,075.84) and the redemption administration fee (£150.00).

The overall cost for comparison is 8.8% APRC representative. 

The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.

 

6 steps to getting a debt consolidation loan

When you apply for a debt consolidation loan with us, one of our qualified advisers will guide you through each step of the process:

  1. We’ll make sure we understand your circumstances fully before recommending a suitable loan. If you’re happy, you’ll receive a ‘mortgage illustration’ providing all the relevant details about the product you’re applying for.
  2. Our advisers will take you through the full application process. We’ll tell you exactly what you need to do, and when, including sending us supporting documentation. For example, proof of income in the form of wage slips or your accounts.
  3. When we have everything we need, we’ll assess your application and supporting information.
  4. If we’re happy with everything, we’ll make you a loan offer, which means we’ve accepted your loan application.
  5. Our advisers will tell you what’s happening at each stage and, importantly, you’ll have their contact details if you want to get in touch.
  6. We’ll release the funds to you, and where possible, send them directly to your creditors.
 
Our general lending criteria
  • Maximum LTV (loan to value) – 77.5%
  • Maximum loan – £1,000,000
  • Variable rate terms – 3 to 30 years
  • Fixed rate terms – 5 years then variable rates
  • Maximum age – 80 years at end of term
  • Credit profile – CCJs and Defaults accepted (even in the last 12 months)
  • Income types – employed, self-employed, temporary/zero-hour contracts, DWP benefits, pension
  • We accept loans against non-standard property types

 

Consolidating unsecured debt through secured lending could increase the total amount you pay back. Your home may be repossessed if you do not keep up repayments on your loan.

Build: 1.3.7.21986