If, like many thousands of homeowners in the UK, you have a mortgage and other debts like personal loans, an overdraft or an outstanding credit card balance, then you may be interested in a financial review service.

Personal loans and other types of credit tend to be charged at much higher rates of interest than mortgages, making the monthly payment of these loans very expensive.

There are mortgage lenders in the UK who would consider consolidating a mortgage with all other short-term debts into one single new mortgage. Although this may result in you paying more money back over the term of the mortgage, your debts will be organised into one smaller monthly repayment at a reduced rate, allowing you to regain control of your day to day finances.

Are you paying too much?

It's impossible to say whether you could improve your finances by consolidating all your debts into one new mortgage until a full review of your financial circumstances is carried out.

Your advisor would welcome the opportunity to fully explain how this process will work and to explain how you may be able to benefit from their service.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

You can choose how the advisor is paid: pay a fee, usually 0.5% of the loan amount, or they can accept commission from the lender.