Remortgage Equity Release

Our Remortgage Service - Releasing Equity

Special features of what we offer include:

• Whole of market service - we work with over 60 UK lenders

• Access to leading market mortgage rates

• Access to exclusive loan deals not available on high street

• Fast turnaround - speak to us today if you need to move quickly

To investigate your equity release mortgage options call our mortgage team on 0117 403 4474 or fill in our call back form.

Remortgage Equity Release

Remortgaging your home can be done for other reasons than just trying to reduce your monthly mortgage payments, if the value of your home has increased since you purchased it, or you have paid off enough of your mortgage, you may be able to release some of the accumulated equity in the property to raise capital.

How it works

Remortgaging to release equity refers to a method by which a borrower takes out a mortgage with a higher Loan to Value ratio than their existing home finance, after they have repaid their existing mortgage they can use the additional capital generated from taking out a larger mortgage for any means they wish such as home improvements or buying a new car.

It is important to understand when remortgaging to raise capital that as you are essentially trading some of the equity you own in the property it will prolong how long it takes you to pay off your mortgage, depending on how large of a mortgage you take out it could also increase the size of your monthly mortgage payments.

You would also not be able to remortgage to raise capital if you are currently in negative equity; which is when the value of your home is less than your existing mortgage debt, which could happen if the value of your home has fallen since you purchased it.

Before you remortgage

There are a diverse range of mortgage products available on the market, so it is wise to shop around to try and find the option that both best fits your particular circumstances and offers the best deal. You may also want to consider other options than remortgaging, if you want to borrow a small amount of money for instance it may not be the most appropriate finance choice, particularly if you would have to pay any exit fees to your current lender for repaying the mortgage early. 

If you are over 55 you might want to consider a specialist equity release scheme, which you can find more about by clicking here. However these products are not right for everyone and should be carefully considered.

Mortgage Adviser

You may also benefit from enlisting the assistance of an independent mortgage adviser to help you find the right remortgage product, not only will an independent adviser be able to offer you impartial advice but mortgage advisors that offer a whole of market service can use their professional knowledge to search across different lenders on your behalf to try and find the best option for your circumstances. There is also a selection of specialist mortgages from certain lenders that can only be accessed via an intermediary such as an adviser, one of which might present the best choice for you.

Fair Mortgages

To find out if Fair Mortgages could help you, why not fill in our online contact form to request a call back for a free initial consultation , alternatively you can call us directly on: 0117 403 4474