1028 Garfield Ave, Jersey City, NJ 07304 - USA
01 (800) 433 5441
Equity Finance

If you’re a homeowner, you may have built up equity in your property over time. Equity release through remortgaging can provide access to funds for home improvements, helping family members onto the property ladder, consolidating debts, or even purchasing another property. However, it’s essential to understand the financial implications before proceeding. Experienced supervision consultants, seasoned analysts, researchers, and industry officials harness their expertise to uncover important opportunities and support sound business judgment making with highly tactical, actionable business strategies.

What Is Equity Release & How Does It Work?

Equity is the difference between your property’s value and the remaining balance on your mortgage. If your home’s value has increased or you’ve paid off a significant portion of your mortgage, you may be able to release some of this equity by remortgaging for a higher amount than your current loan.
 
This means you’ll be taking out a new mortgage, either with your existing lender (via a further advance) or switching to a new lender that offers a better deal. The additional funds you release can be used for various purposes, but it’s crucial to consider whether increasing your mortgage borrowing is the right decision for you.
  • Home Improvements – Renovating or extending your home can add value and improve your living space.
  • Helping Family Members – Assisting children with their first home purchase.
  • Buying a Second Property – Whether for a holiday home or rental investment.
  • Starting a Business – Using the funds as capital for a new venture.
  • Debt Consolidation – Combining debts into one manageable mortgage repayment.
  • Paying for Life Events – Covering costs such as weddings, school fees, or higher education.
  • Boosting Retirement Income – Providing additional financial security in later years.

How to Remortgage to Release Equity

If you’re considering releasing equity, here’s what you need to know:
1️⃣ Assess Your Equity – Find out how much your home is worth and subtract your outstanding mortgage balance. This will give you an idea of how much equity you may be able to release.
2️⃣ Check Your Mortgage Terms – Some mortgages have early repayment charges or restrictions.
3️⃣ Compare Lenders & Deals – A mortgage broker can help you find the best rates and terms.
4️⃣ Apply for a New Mortgage – If eligible, you can remortgage with a new lender or request a further advance from your existing lender.
5️⃣ Receive the Funds – Once approved, the extra cash will be released, and your new mortgage payments will reflect the increased borrowing.
At Amortgageshop.com, our experienced advisers can guide you through this process, ensuring you secure the best possible deal for your circumstances.

If you want to know brief download this Broucher

0800 123 456 Contact Us Today – We Answer Your Phones 24/7