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Get Cash with a Remortgage

Remortgages can be the easiest way of getting your hands on some cash. Many thousands of people remortgage to raise cash every year. The process is also known as 'releasing equity' from your property.

In effect, you are increasing the size of your mortgage in order to free up funds. Many home-owners use the money to pay for home improvements, but you can remortgage for any reason - to pay for a holiday, buy a new car, or to invest elsewhere, for example.

How to Remortgage

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How to Remortgage

If you want to raise cash from your property using a remortgage, the quickest way may be to approach your existing mortgage lender, and ask them to increase the size of your mortgage.

On the other hand, it could make financial sense to shop around for the best remortgage deal from another mortgage lender, and take the opportunity to get a lower interest rate.

The lender will require a valuation of your property. Sometimes you have to pay for this, but the lender will sometimes foot the bill.

Remortgaging is a legal process, so there will also be legal fees to pay to a solicitor.

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Top Tips: Remortgages

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Many lenders offer a wide range of remortgage products - fixed rates, capped rates, discounts, cash-backs, flexible, for example...

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