Fixing, Reviewing and Consolidating your Mortgage

It can be difficult to know what to do when your mortgage is up for review. Here at Cambrian, our expert advisors can talk you through the options and recommend a solution that’s right for you.

At Cambrian we aim to make things as clear and as easy as possible for you, to take away the stress associated with applying for a mortgage; whether you’re looking to remortgage simply to secure a fixed rate, or you wish to raise capital to fit a new kitchen, or consolidate your debts. Whatever your requirements, you can trust Cambrian to find you a solution.

Fixing your mortgage

By fixing your mortgage, you essentially lock in the current interest rate for a set period, typically two to five years. Once agreed, you will have the security of knowing that your mortgage rate won’t increase during the fixed term, regardless of what happens to the economy or your own personal circumstances.

As interest rates are at historic lows, there has literally never been a better time to secure a low interest, fixed rate mortgage.

As interest rates are at historic lows, there has literally never been a better time to secure a low interest, fixed rate mortgage.
Reviewing your mortgage

When you originally took out your mortgage, you may have taken it out over a longer term, to keep repayments at a minimum. Whilst this often makes sense in the early years, you’re normally paying more from your repayments to pay the interest rather than repaying capital.

As you become more financially secure during your working life, you may want to take stock of your outgoings, and review your mortgage term. It is possible, particularly with the low interest rates currently available, that you could pay off your mortgage sooner.

Likewise, you may wish to extend your mortgage term, to reduce your outgoings. Whatever your needs, we will find you the right solution.

Consolidating your debts

If you have existing debts, a practical solution to paying these off can be to consolidate them into your mortgage. Mortgages tend to have a much lower interest rate than credit cards or personal loans, so by combining with your mortgage, you could lower your monthly outgoings. Juggling multiple sources of debt can also be stressful which can be another good reason to consolidate them into your mortgage.

Consolidating your debts may seem like a scary option as you are reducing the equity you’ve worked to build in your home and you may need to extend your mortgage term. You will also be extending the repayment terms of those debts in line with your mortgage. But if you’re struggling with debt repayments at the moment, debt consolidation onto your mortgage may be the solution.

What can Cambrian do for you?

We will guide you through the entire process, explaining everything you need to know from start to finish. Whatever your needs, our mortgage advisers together with our dedicated mortgage team, will be on hand to give you our expert advice and take away the stress of the mortgage process from you.

Next steps

Call our dedicated Mortgage team today on 01244 539 595 for a free, no obligation consultation regarding your mortgage or email