With so many customers turning their attention to their finances, it's a good time to consider if you should consolidate multiple debts into one home loan. This is the case for clients where they have an existing home loan and multiple cards and personal loans OR for clients where they don't have a home loan but still want to amalgamate all their debts into one.

Paying off a number of debts at the same time can be challenging. Debt consolidation can help bring all your existing debts together into one loan, offering you greater control of your financial situation. The most common way to do this is by taking out a new loan and use the funds to pay off your other existing debts. You can then pay back this new loan with a single set of repayments over a set term, giving you peace of mind that you know exactly when and how much your repayments will be.

The types of facilities that we can consolidate include credit cards, home loans, personal loans, store cards. The reasons for these debts are often varies and include:- home improvements, medical and dental, travel, motor vehicles, household furnishing, education, sports equipment, wedding.

The advantages of consolidation include one repayment, greater cashflow in your budget. The disadvantages are significant and include longer term of loan meaning more interest can be paid.

It is important that clients make very informed decisions on what is right for them in this area.