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Remortgage to Release Equity in Manchester

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Remortgage to Release Equity in Manchester

Helping you release equity from your home through the power of remortgaging in Manchester.

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Remortgaging to release equity in Manchester

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.

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Remortgage to Release Equity in Manchester

Getting remortgage advice in Manchester is crucial

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.

Free remortgage review in Manchester

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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Remortgage to Release Equity in Manchester FAQs

What is the current value of my home in Manchester?

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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.

What is my current mortgage balance in Manchester?

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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.

How much equity can I release in Manchester?

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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.

I am over the age of 50, can I remortgage to release equity in Manchester?

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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.

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Our Simple 4-Step Process

Free 30-Minute Remortgage Review

Step 1

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.

We Can Search 1000s of Remortgage Deals

Step 2

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.

Submit Your Remortgage Application

Step 3

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.

Keeping in Touch

Step 4

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.

Reasons to Choose Us

Free Remortgage Review in Manchester

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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.

Search 1000s of Remortgage Deals

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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 Service

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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.

7 Days a Week

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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.

Malcolm and Amy Davidson - Mortgage Advice in Manchester

We search 1000s of remortgage deals in Manchester

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Main Reasons to Remortgage to Release Equity in Manchester

Remortgage to release equity to pay off debt in Manchester

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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.

Remortgage to release equity for home improvements in Manchester

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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.

Remortgage to release equity for supplement retirement income in Manchester

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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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