One monthly payment. Up to 50% lower broker fees.
Replace multiple high-interest debts with a single secured loan at a lower rate. We compare thousands of plans across the specialist market, your adviser handles everything, and you keep full control.
Your Consolidation Comparison
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See what you could save
Add your debts below to see how much less you could pay each month. Results use live rates from real lenders.
For illustration purposes only. Results do not constitute a loan offer or personal recommendation. Actual rates depend on your circumstances, credit history, property value, and lender criteria.
What is debt consolidation?
Debt consolidation means combining multiple debts (credit cards, personal loans, car finance, store cards) into a single monthly payment at a lower interest rate. Instead of juggling different payments on different dates, you have one clear, predictable amount each month.
Using a secured loan to consolidate debt is one of the most effective routes for homeowners. Because the loan is secured against your property, lenders offer lower rates than unsecured alternatives, even where your credit history isn't perfect.
Many first charge mortgage lenders restrict debt consolidation as a purpose. Secured loans are specifically designed for this, giving you options when remortgaging isn't available or practical.
Your adviser will check that consolidating makes financial sense for your situation, including the total cost over the term, before recommending anything.
Important: Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Consolidating unsecured debt into a secured loan may increase the total amount you repay.
Secured loans are regulated by the Financial Conduct Authority (FCA). Applications are handled by Loan.co.uk, which is authorised and regulated by the FCA, so you're protected by strict rules on fair treatment, clear information, and responsible lending.
Before vs After Consolidation
How a secured loan changes things
Before
After
Customers typically save
Which debts can you consolidate?
A secured consolidation loan can replace almost any unsecured debt. Here are the most common types our customers combine.
Credit cards
Typical rates of 20–30% APR. Even moving a £10,000 credit card balance to a secured loan at a lower rate saves hundreds per year in interest alone.
Rates up to 30% APRPersonal loans
Multiple personal loans with different lenders and end dates become one simple payment. Often reduces both the rate and the monthly amount.
Rates up to 20% APRCar finance
HP and PCP agreements often carry higher rates than secured loans. Once paid off through consolidation, the car is yours outright with no balloon payment.
Rates up to 15% APRStore cards
Store card APRs regularly exceed 30–40%. Even a small balance on a store card costs a disproportionate amount in monthly interest charges.
Rates up to 40% APROverdrafts
Arranged overdraft rates can reach 40% EAR. If you're using your overdraft every month, rolling it into a consolidation loan can dramatically cut the cost.
Rates up to 40% EARBuy now, pay later
Multiple BNPL balances across Klarna, Clearpay, or Laybuy quickly add up. Consolidating removes the risk of missed payments and the fees they trigger.
Variable rates & feesWe can also help consolidate:
Why consolidate your debts?
For homeowners carrying multiple debts, a secured consolidation loan can transform your monthly finances. Here's what changes.
One payment replaces many
Instead of tracking multiple due dates, minimum payments, and different lenders, you have a single amount on a fixed date each month. Simpler, clearer, less stressful.
Lower interest rate
Secured loans typically carry lower rates than credit cards, personal loans, and car finance. Replacing 20–30% APR debt with a secured rate can cut your interest bill significantly.
More money each month
Lower rates spread over a longer term means your total monthly outgoing drops. That difference stays in your pocket, giving you real breathing room in your budget.
A clear end date
Credit card minimum payments mean debt that barely shrinks. A secured consolidation loan has a fixed term, so you know exactly when you'll be debt-free.
Flexible on credit history
Because the loan is secured against your property, lenders can consider applications where credit history isn't perfect, including missed payments, defaults, or CCJs.
Works where remortgaging can't
Many first charge mortgage lenders won't allow debt consolidation as a purpose. Secured loans are built for exactly this and don't require you to change or exit your existing mortgage.
Three steps to clear debt
From first check to lower payments. Here's what happens when you use Albot.
Tell us about your debts
Enter your current debts, monthly payments, and property details. Takes 90 seconds and won't affect your credit score.
⏱ 90 secondsSee what you could save
Albot searches the specialist secured loan market and shows you consolidation options, including your potential new monthly payment and savings.
⚡ Instant resultsAdviser handles everything
A qualified adviser from Loan.co.uk reviews your options with you, confirms the numbers, and manages your full application.
👤 FCA regulatedThe smarter way to consolidate
We combine speed, direct access to specialist lenders, and expert advisers, so you get the right deal at a lower cost.
Instant comparison
Thousands of plans compared in seconds. See your new monthly payment and total saving before you commit to anything.
Up to 50% lower fees
Our broker fee is up to 50% lower than major competitors. That means more of your saving stays with you, not the broker.
Expert adviser support
Qualified advisers at Loan.co.uk check that consolidating is right for your situation and handle your full application from start to finish.
No credit footprint
Checking your options uses a soft search only. It won't show up on your credit file or affect your score in any way.
Common questions about debt consolidation
Everything you need to know before you consolidate.
Is debt consolidation a good idea?
It depends on your situation. Consolidation makes sense when your new secured rate is lower than your current debts combined, when the lower monthly payment gives you genuine financial breathing room, and when the total cost over the term is manageable. Your adviser at Loan.co.uk will run through the full numbers with you before recommending anything.
Will consolidating affect my credit score?
Checking your options with Albot uses a soft search, so this won't appear on your credit file and is not visible to other lenders. If you proceed with a full application, a hard search will be run by the lender at that stage. Paying off existing credit card and loan balances can actually improve your credit score over time by reducing your overall debt level.
Can I consolidate debt with a less-than-perfect credit history?
Yes. Because the loan is secured against your property, lenders can often consider applications with missed payments, defaults, CCJs, or a thin credit file. Specialist lenders in our panel are experienced with complex credit histories. Rates may be higher than for applicants with clean credit, but options are often available where unsecured lenders would decline.
How much could I save by consolidating?
It varies by the debts you hold and the rate you qualify for. Customers with significant credit card and personal loan balances commonly save £200–£700 per month by consolidating into a secured loan. The best way to see your personal saving is to check with Albot. It takes 90 seconds and won't affect your credit score.
Does consolidating mean I pay more overall?
It's possible if you extend the term significantly. Spreading debt over a longer period reduces monthly payments but can increase the total interest paid over the full term. Your adviser will show you both the monthly saving and the total cost so you can make an informed decision. Think carefully before securing other debts against your home.
What happens if I can't keep up repayments?
Your home may be repossessed if you do not keep up repayments on your mortgage. If you experience financial difficulty, contact your lender as early as possible. They are required by FCA rules to treat you fairly and consider any reasonable request for help. Only borrow what you can comfortably afford to repay.
See how much you could save
Compare thousands of plans in 90 seconds. No commitment, no credit check, no upfront fees.
Check what I could saveThink carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Representative Example (Debt Consolidation — Second Charge Mortgage)
If you borrow £25,000 over 10 years to consolidate existing debts, initially on a fixed rate for 5 years at 7.4% and for the remaining 5 years on the lender's standard variable rate of 7.9%, you would make 60 monthly payments of £346.21 and 60 monthly payments of £353.65. The total amount of credit is £26,477 (including a lender fee of £595 and a broker fee of £882). The total amount repayable would be £41,991. The overall cost for comparison is 10.12% APRC representative. This means 51% or more of customers receive this rate or better for this type of product.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Consolidating unsecured debts into a secured loan may reduce your monthly payments but could increase the total amount you repay over the full term. Albot is an introducer and technology platform, not a lender and not a broker. Applications may be passed to Loan.co.uk Ltd, which acts as a credit broker, not a lender. Rates are subject to status, affordability checks and lender criteria.