Debt consolidation

When capital raising for the purpose of debt consolidation (either secured or unsecured debts) the following applies:

• Maximum LTV of 85%
• Maximum of £50,000 of unsecured debts can be consolidated onto the mortgage
• Maximum of 10 debts to be repaid (this can be a combination of both secured & unsecured)
• Unlimited secured debts (against any property, i.e. primary residence, buy to let, second home), providing the above max 10 debt rule is still not exceeded
• Not available when lending on interest only.
• Maximum age 70 at the end of the mortgage term

Remortgages for debt consolidation have the following additional limits:

• 85% LTV for customers able to meet our higher credit score requirement (maximum consolidation of £50,000 unsecured debt or 10 debts)
• 80% LTV for customers who meet our standard credit score requirement (maximum consolidation of £50,000 unsecured debt or 10 debts)

Applicant age for debt consolidation

For applications with any element of debt consolidation, a maximum age of 70 years old at the end of the term applies.