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As you pay off your mortgage payments you start to build up equity in your home. This equity, in some cases, can be accessed and taken out of your home to fund other purchases.
You may have various motivations for wanting to access this equity, such as consolidating debts, providing financial gifts to family members, settling divorce or separation arrangements, making home improvements, or planning for retirement, especially for those aged 50 and above.
As a mortgage broker in Manchester, we understand the importance of making informed financial decisions. Our expert mortgage advisors in Manchester are here to assist you in exploring the option of remortgaging to release equity.
Opting for a remortgage to release equity in Manchester means increasing the overall mortgage balance secured against your property. As your mortgage advisors in Manchester, it is our responsibility to ensure that you understand the advantages and disadvantages of this financial move thoroughly.
With access to a vast array of remortgage deals, our team can save you valuable time and money. Schedule a free mortgage appointment with our mortgage advisors in Manchester today to explore your remortgage to release equity possibilities.
The amount of equity you can access will be determined by the value of your home and the current mortgage balance. During your free appointment, your experienced mortgage advisor in Manchester will help you determine these crucial figures and present you with a personalised quote detailing the amount of cash you could release and the monthly costs involved.
Our team are available for a 30-minute discussion to assist you either over the phone or through a video call, whichever suits you best.
If you are planning to remortgage to release equity in Manchester and wish to explore your options, make sure that you schedule your appointment online.
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4.96 Rating458 Reviews
Anonymous
Very straightforward and clear, they made everything so simple for my first mortgage and the renewal was even easier.
3 weeks ago
Gary
This team is fantastic! They handle everything, making the whole process incredibly easy and hassle-free. I highly recommend them!
1 month ago
Michelle
I would high recommend this service they were amazing, and very professional. They were helpful throughout the whole process.
1 month ago
Michelle
Amazing service, extremely helpful and professional. Would highly recommend. Very happy with the service
1 month ago
Mrs Vanessa
Brillant. Helped us with non-standard employment conditions and were very efficient at getting everything sorted. Also very easy to get hold of. We always use a paid broker, their fee is very reasonable for the efficiency and personal service you...
1 month ago
Matthew
Can not speak highly enough of the people I have spoken to and the service I have received from the team. Charlie and Debbie are a credit. None patronising, easy to speak to, welcoming and very helpful. Will continue to recommend to friends.
1 month ago
Ruth
Excellent experience with Matt and Stacey from UK moneyman. As first time buyers they made this experience easy and stress free. I'd really recommend using UK moneyman! 10/10!
1 month ago
Christopher
Brilliant service. Knowledgeable & very professional.
2 months ago
Mrs Claire
Very helpful got us a mortgage a lot sooner than we expected. Very happy
2 months ago
john
Louise was absolutely outstanding !!! We had a few issues with the property we were purchasing and Louise was so helpful in getting us the answers we required from the lender within a timely manner. I spoke with Louise regularly and she was...
3 months ago
Jiri
Leo from Manchester Moneyman was very helpful and efficient in securing us a mortgage on much better terms than our bank could offer. Thank you!
5 months ago
Olusola
The process has been stress free from the start to the end. The team has been helpful. I will definitely recommend Manchester Moneyman to people.
5 months ago
John
We've used UK Moneyman for two house purchases and remortgaging our current home. The team are unfailingly professional and lovely to work with. I'd recommend them to anyone in need of an excellent mortgage broker.
5 months ago
Alanya-Lee
As first time buyers, we needed all the support and guidance we could get. Tom was fabulous, honest and genuinely had our best interest at heart. He answered all of my silly questions and was always a phone call away.
5 months ago
Chiara
Worked with Malcolm and Debbie! Couldn’t recommend them enough. Thankyou for all your help!
6 months ago
Marco
Leo went above and beyond to provide all the information and assistance I needed to secure my dream property. Very friendly and professional. Highly recommended!
6 months ago
Stephanie
Originally took mortgage out 5 years ago and have just re-mortgaged with them. As this was a product transfer and I was a returning customer this was a no charge for this service. Can’t ask for better than that. All paperwork done by them and I...
6 months ago
Chris
Amazing service from start to finish!
7 months ago
Paul
Malcolm was very helpful and efficient.. definitely would recommend their services.
7 months ago
Amy
The whole team was super friendly and helpful, spent a lot of time navigating my challenging circumstances, and got me a better rate than I ever expected.
7 months ago
If you’re thinking about a remortgage to unlock the equity in your property, it’s essential to begin by gauging the value of your home.
One way to do this is by examining the recently sold prices of similar properties in your area and keeping an eye on current listings.
Understanding the potential value of your property can help you make informed decisions when exploring remortgage options to release equity in Manchester.
It’s always beneficial to stay updated on the property market trends to ensure you’re making the most out of your property’s worth.
If you’re looking at a remortgage to release equity in Manchester, you need to know the existing balance of any mortgage or loan secured against your property.
To work out your existing mortgage balance, it’s as easy as taking away your total repayments from your property’s value.
Our expert team of mortgage advisors in Manchester is here to assist you every step of the way. We can help you find out how much is remaining on your mortgage balance and how much equity you could release if that is something you would like to find out.
When considering a remortgage to release equity in Manchester, the amount you can access hinges on factors like your property’s value and any existing mortgage or loan tied to it. Moreover, the new mortgage lender will assess your affordability, age, and credit rating.
Typically, the greater the equity you possess, the more equity you can release.
The option of remortgaging to release equity can also be possible for those aged 50 and above.
Individuals in this age group often seek to unlock equity for various reasons including assisting family members with their mortgage deposits, clearing debts, covering care costs, or bolstering pension income.
If you belong to the 50+ age bracket and are considering a remortgage for equity release to fund one of the purchases above, we strongly recommend getting in touch with our team. Our experienced team specialising in later-life mortgages would love to try and help you though your mortgage process.
As your mortgage broker in Manchester, we will carefully assess your existing mortgage conditions, encompassing details like the interest rate, outstanding balance, and repayment timetable.
We will also work out how much equity you have built up and how much you may be able to release.
With a thorough search through a wide array of remortgage products, we ensure a solution that suits your financial goals and circumstances.
Whether you are looking to release equity for home improvements, investments, or other financial needs, our expert team is dedicated to finding the most suitable option for you.
Once you are happy with the remortgage product we have picked out for you, we can advance to the mortgage application phase.
From here, you will be assigned a dedicated case manager who will help you prepare your remortgage application, making sure that you stand the best possible chance of being accepted.
When it's time for your next remortgage in Manchester, we'll be there to assist you to make sure that you are still on the best deal available.
We can also evaluate your other remortgage options at this point if this is something that you want to do.
Every customer can benefit from a free remortgage review. Here we can review your current product and discuss your options with you, trying to find the best solution for you.
You can book this online or by giving our team a call.
As a mortgage broker in Manchester, we have a vast range of exclusive remortgage products at our disposal, allowing us to tailor the perfect mortgage deal to suit your specific requirements and situation.
We have both high street and specialist remortgage products on offer. Your mortgage advisor in Manchester will search through 1000s of products to find the best one you.
Our top priority is ensuring our customers are highly satisfied with our services. Continuously seeking ways to enhance our offerings and go above and beyond our clients' expectations is at the core of what we do.
If you're considering a remortgage to release equity in Manchester, we recommend that you book a free mortgage appointment with our knowledgeable mortgage advisors.
You can get mortgage advice in Manchester 7 days a week! We accommodate appointments from early mornings to late nights.
We understand the importance of providing flexibility so you can choose a time that suits your busy schedule, whether it's around your personal commitments or work obligations.
It’s common to feel trapped between making minimum payments on high-interest credit cards and store cards without making a dent in the balance. Personal loans, with their higher interest rates and shorter terms, often lead to larger monthly payments, adding to financial strain.
Opting for a remortgage to release equity in Manchester can be a strategic way to pay off some of your debt.
Before choosing this option, it is crucial to consult with a reliable mortgage advisor in Manchester who can guide you through all available options. There may be a more manageable way to pay off this debt, such as taking on a debt management plan (DMP) instead of releasing equity from your property.
Remortgaging to release equity in Manchester for home improvements is a smart way to enhance your property while increasing its overall value.
Whether you’re eyeing a new kitchen, an extension, or a complete renovation, this strategy can provide the financial boost you need to turn your vision into reality.
When you apply for a remortgage to fund home improvements, your lender will assess the additional borrowing required for your project and evaluate the existing equity in your property.
It’s advisable to gather quotes and have a clear understanding of your project’s costs to avoid any unexpected financial challenges during the process. Setting aside a buffer by borrowing a bit extra can provide a safety net for any unforeseen expenses that may arise.
Many of our older clients often seek to remortgage their property to access the equity tied up in it. One of the reasons for this could include supplementing their pension income, assisting family members, or clearing existing debts.
If you are looking at your mortgage options over 50, you should speak with a member of our later-life mortgage team to find a solution tailored to your circumstances.
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Manchestermoneyman.com & Manchestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Manchester, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Manchestermoneyman.com & Manchestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Manchester, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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