I would like to consolidate my debts like many people do, but I have a large redemption penalty on my mortgage.
Ben wanted to improve his family's cashflow by consolidating all his debts much like his friends had done, however, he was tied to his current lender for the next 4 years and their penalty for leaving them was too much. We took a look at Ben's income and commitments and after checking the affordability arranged a flexible secured loan with a term to match his mortgage. This kept the payments down, improving his cash flow and also allowed us to look at remortgaging all his borrowing in to one at a later date when his redemption penalties have ended.
