- UK wide advice
- 0330 00 22344
- natalie@steelcitymortgages.co.uk
(Helping Homeowners Simplify their finances with Expert Mortgage Advice)
Request a Callback from a debt consolidation mortgage advisor today and discover the best options for you.
*Initial consultations are always free. If fees apply for mortgage arrangements, they’ll be discussed transparently.
I’m Natalie Ellis, founder of Steel City Mortgages and a proud Sheffield local with over 22 years’ experience helping homeowners reduce financial stress. I understand that juggling multiple debts can feel overwhelming, especially when interest rates and repayment dates vary.
That’s why I specialise in debt consolidation: to make the process straightforward and less intimidating.
My team and I guide you through every stage — from assessing your equity and affordability to finding a lender who truly understands your situation.
With strong local connections and access to a wide range of lenders and support services, you’ll always have someone in your corner.
A debt‑consolidation remortgage means switching to a new mortgage and borrowing extra funds to pay off your unsecured debts. Instead of juggling multiple loans and credit cards, you make one payment to your mortgage lender. Because mortgage rates are typically lower than credit‑card rates, this can reduce your monthly outgoings and simplify your budgeting. However, the debt becomes secured against your home, so it’s essential to make payments on time.
To qualify for a remortgage aimed at consolidating debt, you’ll generally need:
✅ Not sure if you’re eligible? Contact us — we’ll review your property value, outstanding debts and financial circumstances to guide you.
We work with providers offering 95 % LTV in some cases for homeowners with substantial equity and strong affordability.
✅ Tip: Even though you don’t need a deposit, budget for solicitor’s fees, mortgage arrangement fees and valuation costs, which usually amount to several thousand pounds.
Affordability is key. Lenders typically look at:
We’ll help you assess what’s realistic for your budget and match you with a lender whose criteria you meet.
Don’t hesitate to call or leave us a message! We’ll get in touch ASAP.
Our step‑by‑step process makes consolidating your debt simple and stress‑free:
We discuss your goals, debt balances, property value and income.
We calculate your home’s equity and potential borrowing limit
We search thousands of deals across high‑street banks and specialist lenders.
We handle paperwork and liaise with the lender.
Your solicitor deals with contracts, searches and completion.
Your new mortgage pays off your old mortgage, and surplus funds clear your debts. Congratulations – you now have one consolidated mortgage payment.
If a debt‑consolidation mortgage isn’t suitable, there are still alternatives:
*More about Debt Consolidation Plans here.
Our advisors will explore all options to help you take control of your finances.
Steel City Mortgages is proud to help homeowners in Sheffield and across the UK reduce debt stress. Whether you’re just starting to explore your options or ready to apply, we’re here to support you.
Get your debt‑consolidation mortgage advice today — it’s quick, friendly and obligation‑free.
We have a wide range of Debt Consolidation Lenders
Our free mortgage advisor-matching service guarantees you will be matched with a mortgage advisor who will offer advice from a wide range of lenders. This means you can feel confident of being offered a robust selection of mortgage solutions available to meet your specific needs.
While we love helping first-time buyers, our expertise doesn’t stop there. When life changes, we’re still here for you:
Yes. Specialist lenders may still offer debt‑consolidation mortgages to applicants with adverse credit histories. You may pay a higher interest rate and need more equity, but we’ll help find a suitable lender.
Initially, your credit score may dip because a new mortgage appears on your report. Over time, managing one payment can improve your score if you keep up with repayments.
Typically 4–8 weeks from application to completion, depending on your lender’s processes.
Most lenders cap borrowing at 80–90 % of your home’s value. The actual amount depends on your equity, income and affordability.
Lenders usually expect you to close the accounts you’ve paid off. Keeping them open can tempt you to re‑borrow and can undermine the purpose of consolidation.
Because your mortgage is secured on your home, missed payments could eventually lead to repossession. If you’re struggling, contact us or your lender immediately to explore solutions.
With access to high street lenders, building societies, and specialist providers, we offer more than what’s available on comparison sites.
Whether you’re staying with your current lender or switching, we help you choose a deal that works for you — not the bank.
For any enquiries or to get started, please complete the form below.
Steel City Mortgages Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd,
which is authorised and regulated by the Financial Conduct Authority.
There may be a fee for our advice. The exact amount will depend on your circumstances but it is estimated to be £599 and will not exceed £999.
Registered Office: Steel City Mortgages Ltd, 134 Archer Road, Unit 8, Sheffield, S8 0JZ.
Registered Company Number: 10977724 Registered in England & Wales’
By clicking this link: You are now leaving the website of Steel City Mortgages & we cannot be held responsible for the content of this external website.
For any enquiries or to get started, please complete the form below.
Steel City Mortgages Ltd is an appointed representative of Stonebridge Mortgage Solutions Ltd., Regency House Miles Gray Road Basildon Essex SS14 3FR, which is authorised and regulated by the Financial Conduct Authority.
Our Financial Services Register number is 454811. Stonebridge Mortgage Solutions Ltd.’s permitted business is advising on and arranging non‐ investment insurance and mortgages.
You can check this on the Financial Services Register by visiting the Financial Conduct Authority’s website https://register.fca.org.uk/ or by contacting the FCA on 0800 111 6768. The Financial Conduct Authority is the independent watchdog that regulates financial services.
If you have a Complaint We hope that you will never have cause to complain but if you do and you wish to register a complaint, please contact our network: In writing: Stonebridge Mortgage Solutions Ltd. Regency House Miles Gray Road Basildon Essex SS14 3FR By telephone: 0345 646 5535 By email: complaints@stonebridgegroup.co.uk.
If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service. To contact us for any other reason, please call 0345 646 5505.