Remortgage Equity Release



Remortgage for Equity Release

The value of property has gone up considerably over the last ten years, so many people have built up considerable equity in their homes.

What is Equity?

Equity is the value of the property minus the outstanding mortgage you have to the property, for example if your property is worth £200,000 and you have a £50,000 mortgage you would have £150,000 equity in the property.

Equity release loans used to be only available for people nearing or in retirement, however they are now being offered to people who wish to raise money on their property by re mortgaging their property. Remortgaging can be a way of rasing money cheaply, but you should always seek profesional qualified advice such as that provided by an IFA

If you are looking for information on property equity release see this page.

Why Remortgage?

There are many reasons why people choose to remortgage their home, to raise capital or looking for the best rates on offer. In simple terms remortgaging involes switching from your current mortgage to a new deal, which can either be aranged with your existing lender or with a new one.

When you remortgage you can look for a better deal to save money, or raise money to pay off debts or even build an extension to your property the choice is yours.






Information on this page is the personal opinion of the author and should not be considered as advice of any kind.


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