How remortgaging to release equity works, how long it takes, reasons to remortgage, fees & costs, pros & cons, risks involved, plus equity release
Can you remortgage to release equity from your home? What other options are available to you? Find out with our quick guide.
How can you remortgage your home to invest in property? ; If you’re looking to purchase a buy-to-let property, you'll typically need at least a 25% deposit. As this can be difficult to pull together, many people look at remortgaging an existing property to aid them. Whether you remortgage your own home, or another investment property, the equity held can be used as the deposit for your new purchase. When you remortgage, you switch your current mortgage to a new deal – which could be with a new provider or the same one you’re currently wit ...
What is equity and how can you access it? We explain how you can remortgage to release equity, getting cash from your home.
Remortgaging to release equity means freeing up the cash in your home. But how do you do it, how much does it cost and what are the risks?
Fund home improvements with a lifetime mortgage ; If you have ambitious plans for your renovations, you might require a bigger budget and be looking for ways to borrow larger amounts of money. A lifetime mortgage, a type of equity release, could be one way to fund your project. A lifetime mortgage allows you to access the money that’s tied up in the value of your home, allowing you the freedom to use the money the way you want. You can choose whether you want to repay some, all or none of the ...
Equity Release; what is it and how does it work? We explore the pros and cons of equity release and answer FAQs to help you release equity from your home.
Equity release is the name given to specific financial products that allow you to access the equity you’ve built up in your home as cash. ; Releasing equity could help you pay for large projects, life moments, or unexpected costs. But it’s worth careful research before you do so. ; In this guide, we’ll talk through how equity release works in more detail. We’ll also consider how to release equity from your house.
Many people come to us with questions about equity release. What is equity release? How does it work? And in particular, how does equity release work in the UK? · Well, equity release is a way of unlocking some of the value of your home without having to move out. It can help you access a tax-free lump sum or a regular income, depending on your needs and preferences. Our own equity release products include Lifetime Mortgages (LTMs) which people aged 55 or older can access. We’ve also just st...
This guide explains how to remortgage to utilise the equity in your home, how to work out how much you could get, and whether it's a good to remortgage to pay off debts.