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Remortgages can of course be used for a vast variety of purposes one of which is debt consolidation. Debt consolidation is the combining of debts in credit cards, loans etc. and paying them off by means of a remortgage. Remortgages have interest rates starting at 1.98% at present for a low rate tracker remortgage although very good rate fixed rate remortgages are a little more expensive. Whether you chose a tracker remortgage or indeed a fixed rate remortgage the bottom line is that by paying off all your debt you will indeed save a lot of money and save yourself trouble that if debts became pressing of seeking debt advice and debt help at a later date.

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