Remortgaging
Whether you are:
Raising money for home
improvements, holidays, weddings etc.
With the rise of property
prices over the last 5 years it has been estimated that a
majority of people have built up a substantial amount or
equity in their properties.
Some clients look to remortgage
to release some of this equity, as it can be an effective
way of raising funds. In most cases the monthly repayments
will often be lower than other forms of personal finance,
(eg. credit cards and personal loans etc) if taken out over
the same term as a mortgage.
You may find that some lenders
may place restrictions on what you can do with the funds
you raise, but at Mortgage Sense we will help you remortgage
to raise cash for almost any purpose. That means that whether
you are looking to raise money for home improvements, a wedding,
a car, a holiday or even a deposit on a second home abroad,
we will help you consider all your options.
Consolidating Debts
If you feel overstretched
by credit card, personal loans, hire purchase or store card
payments then consolidating these loans may be an option.
If you have equity in your property then Mortgage Sense can
help you remortgage to release funds to pay off all your
other debts, which will allow you to consolidate them into
one easy to manage monthly mortgage payment.
Buying out your partner
If you have taken out a joint
mortgage with your partner or even some friends and you decide
to go your separate ways, it can be a headache trying to
figure out what to do with the property and the mortgage.
At Mortgage Sense we can help
you remortgage the property and buy out your partner by releasing
their share of the equity, and then transfer the mortgage
into your sole name.
Looking for a better interest
rate
A large percentage of homeowners
may be paying a higher rate of interest on their mortgage
than they need to, as they tend stay with their existing
lender on their current standard variable rate. Instead they
should look round for a new deal after they have come off
the lenders initial discounted or fixed rate deal.
If you’re one of these
people Mortgage Sense may be able to offer you a better rate.
This translates into less
money going out on your mortgage payments every month and
more money for you.
NEXT: What to look for when you
are reviewing your mortgage
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