Published 5 November 2018 · Last reviewed 1 May 2026
Borrowing to pay for your wedding
Borrowing on a mortgage to pay for a wedding is not the ideal start of a married life but a reality for most. In a 2017 survey featured in The Independent the average cost of a wedding was £27,161 a figure that is difficult to reach on personal loans and credit cards; so the alternative may be a remortgage or second mortgage.
The better news is interest rates are close to an all-time loan on both remortgages and second charges (secured loans). Normally the main costs for a wedding are the venue, honeymoon and food. The guest number can of course help curb two of these but as you have probably experienced that distant relative of your partner is suddenly the most important person in the world!
The choice between a remortgage or second mortgage can be a difficult one and guidance from a professional Mortgage Broker, such as Niche Advice is likely to be beneficial. Raising money against property unlike personal loans and credit cards has the added advantage of borrowing more and also generally greater tolerance on your status.
As well as funding the wedding a mortgage or second mortgage can equally be used to consolidate any personal loans or credit card balances you have already taken out. However, debt consolidation normally results in paying more in the long run as you are borrowing the money for a longer period.
It will of course be the best day of your life, but with the money taken care of it could be even better.
Mortgages to pay for Weddings – Example Products
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