REMORTGAGES
Re-mortgaging your property to release equity can be used as a way to raise finance.
This finance may be used for ...
- To ‘reduce’ monthly outgoings by consolidating other debts.
- Home Improvements
- 2nd Property Purchase (both ‘here’ and ‘abroad’)
- Buying a new Car, Boat or Caravan
- Matrimonial Settlements
- Just giving yourself a ‘Fresh Start’
Adding existing debts to your mortgage may both extend the repayment term and increase the overall cost of the debt.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
There may be a broker fee payable. The precise amount will depend on your circumstances but typically will be 2% of the loan amount payable on completion.. An additional fee of £95.00 may be charged when submitting your case to the lender. There is no initial consultation fee payable.
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The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK