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Remortgages
Remortgaging enables you to take out a mortgage to pay off your existing lender without moving house. It is often possible to take out a larger mortgage to release some or all of the equity in your home.
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Typical Remortgage
House Value £120,000 Existing Mortgage £70,000 --------------------------------------------------------------- Equity (Money Available) £44,000 --------------------------------------------------------------- Example at 95% LTV |
Equity is YOUR money lying dormant in YOUR house. A remortgage allows you to use this money when you need it most. You may have expensive loans and credit cards to pay off, your home may be in need of improvements, you may wish to upgrade your car, buy a boat, pay off credit cards, enjoy a holiday or even start a business. However, think carefully before securing other debts against your home.
Whatever you may have in mind, Mortgage Choices can help you achieve it.
Warning - Your Home May be repossessed if you do not keep up
repayments on your mortgage
We are authorised and Regulated by the Financial Services Authority
Mortgage Choices are Licensed by The Office of Fair Trading
Consumer Credit Licence No. 507047