Releasing equity through remortgaging is a cost-effective method of raising finance, especially when compared to other options such as personal loans or credit. By remortgaging, you can potentially benefit from lower monthly payments while utilising the value built up in your home. This can provide a valuable source of funds for various purposes, allowing you to enjoy lower interest rates or fees often associated with alternative borrowing options.

Our team can provide valuable insights into the current remortgage market, ensuring that you, as a homeowner, can make informed decisions that align with your long-term goals. In today’s mortgage market, the expertise of a mortgage broker like Liddle Perrett is an invaluable asset for securing the right finance for you and your family.

Remortgaging offers a cost-effective solution for various financial needs. By releasing the value in your home, it can be utilized for purposes such as home improvements, debt consolidation, assisting children in purchasing their first home, starting a business, or investing in property. 

You are free to spend your money on whatever you choose with few restrictions. 

Remortgaging to consolidate debt can offer a cost-effective solution, allowing you to lower monthly outgoings and reduce interest payments, meaning that you can pay off more of the actual debt and not just keep on top of the interest.

By remortgaging, you may also benefit from lower interest rates compared to other borrowing options. This can help you clear debt efficiently and pave the way for a brighter financial future.

Think carefully before securing other debts against your home. Consolidating debt may reduce your outgoings now, but you may end up paying more overall. Your home may be repossessed if you do not keep up repayments on your mortgage

1. Property Ownership: You must be at least 18 years old and have legal ownership of the property or properties you intend to remortgage.

   2. Loan to Value: Different lenders will require different loan-to-value levels, which is the percentage of unleveraged value in your home.

   3. Creditworthiness: A good credit history is essential. Lenders will assess your credit score and financial history to determine your suitability for a remortgage

   5. Affordability: Lenders will evaluate your financial situation to ensure you can afford the mortgage, including your existing financial commitments and other expenses.

   6. Property Type: Different lenders may have specific criteria regarding the type of property they finance. 

   9. Legal Residency: You typically need to be a legal resident of the country where you’re applying for the remortgage.

   Keep in mind that specific requirements may vary between lenders, and it’s advisable to consult with a specialist mortgage broker or lender for detailed guidance tailored to your individual circumstances.

1. Initial sense check of what you want to achieve
2. Support from start to finish of the remortgaging process
3. Attention to detail from the outset
4. Access to a diverse spread of lenders across the market
5. All loan amounts catered for
6. We don’t submit your application unless we’re confident that it will proceed through the lender
7. We communicate openly with all parties, including you, the lender, solicitor and so on
8. Transparent, realistic advice
9. We will review your documentation and financial position before quoting rates
10. We’re realistic, and we’ll manage your expectations so that we give honest, transparent, realistic advice