If you have equity in your property and need a capital raising mortgage, then a Remortgage in Leeds could be rather beneficial to you. Regularly we find that lenders will generally let you borrow up to 90% of your property’s value. Here are a few examples of how a Capital Raising Mortgage can be used by homeowners in Leeds:
Taking out a Capital Raising mortgage can solve any financial issues you may have early on. By having lower interest rates and increasing your mortgage, you are able to potentially pay less than you would getting any unsecured loans.
That being said, you should always bear in mind that this can mean larger mortgage repayments per month, over a longer term, with potential early repayment charges being present on your existing mortgage.
As an experienced Mortgage Broker in Leeds, we have a vast amount of industry knowledge and a history of helping people obtain a Remortgage in Leeds. A member of our team will be able to advise you of the most appropriate path to take. in Leeds who will advise you of the most appropriate path for you to take. Another option some people use without remortgaging, is taking out unsecured credit to raise funds.
If you require help to find you the best capital raising mortgage deal, please Get in Touch. All of our customers receive a free Remortgage consultation. This is where we will make a full recommendation for you.
For homeowners who are over the age of 55, you may find yourself better suited for Equity Release in Leeds.