Releasing Equity By Remortgaging In Wareham

PUBLISHED: 15 June 2020
DISCLAIMER: The information in this blog post may be outdated and may not reflect current financial practices or market conditions

Releasing funds from your mortgage can help pay for things like cars and home improvements. Remortgaging may also come with other benefits like better rates and lower monthly payments, but as like everything in finance this needs to be carefully looked at so you can ensure that you are getting the best deal. Our advisors will look at a number of lenders from across the market to compare products to ensure you are getting the best remortgage product that suits your requirements and circumstances. We will check to see how much you can remortgage for, and we can assist with the process from enquiry to completion. Mortgage lenders are always looking to bring new customers into their business and may offer very attractive rates for a limited amount of time. These are usually called introductory rates, these rates can last between 2 to 5 years in the UK. Remortgaging with a new lender can be a struggle for some people to find a better deal than what they are already on, other people are in stronger positions when they come to remortgage. Those who have been paying off their mortgage for the last two to five years may have built up equity in their home and may have benefitted from price rises as well. This means that when they come to remortgage, their new mortgage may be a smaller percentage of the value of their home.

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