Monthly debt payments can be reduced by moving money to new loans with lower interest. 0% balance transfer cards can help with credit card debt, while remortgaging can cut costs for those currently on a Standard Variable Rate. Fixed term deals can provide lower repayments and improve financial stability. Many people don’t realise they are on a higher rate than they need to be, and while there is stress in securing a new mortgage, the potential savings make it worth researching the options. It may also be possible to get a better than advertised deal without switching lenders.

Record numbers of Brits cashing in on cheap mortgages – How you can join them – Mirror.co.uk