MANAGE YOUR DEBT

If you have a mortgage you haven’t looked at for a few years,

check your options. A move to a fixed-rate deal to lock in low interest rates could save you hundreds of pounds each month. Find a mortgage broker at unbiased.co.uk.

Alternatively, you can also search for a mortgage using on online broker

such as Habito or Trussle; these can help save you time and money, but you won’t always be able to talk to someone face to face, so if you have a complex situation, you may be better off seeing an independent adviser.

but a decent credit rating, consider a switch to a 0% balance transfer card. You can transfer your debt without

If you have credit card debt

having to worry about added interest charges for up to 38 months. But remember: don’t spend any money on the card and always keep up with minimum repayments to avoid hefty charges. There may also be a transfer fee.

If you have several types of debt,

know which to prioritise. According to debt charity Stepchange, council tax, national insurance, TV Licence, utility bills, rent or mortgage, hire purchase loans and court fines are payments you should make in full each month, as not doing so can lead to eviction, repossession or county court judgements. If you’re struggling, seek help from Stepchange (stepchange.org, 0800 138 1111) or get in touch with the National Debtline (nationaldebtline.org.uk, 0808 808 4000).

‘Search for a mortgage using an online broker to save money’