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By borrowing against your home’s equity, a remortgage to release equity in Cambridge gives you access to:
For support, a mortgage broker in Cambridge, like ourselves, can help you find suitable options to meet your needs.
The amount of equity you can release when remortgaging in Cambridge depends on your property’s current value and any outstanding mortgage or secured loans attached to it.
Lenders will also assess factors such as your age, affordability, and credit score to determine how much equity they are willing to release.
Our mortgage advisors in Cambridge will guide you through the process, ensuring everything is handled smoothly and efficiently.
Remortgaging to release equity in Cambridge can impact your monthly payments, depending on the amount you borrow and the terms of your new mortgage.
Your payments may increase if you borrow more equity or opt for a shorter repayment period.
Securing a lower interest rate or extending the term can help make payments more manageable, although it might increase the overall cost of borrowing.
For tailored mortgage advice in Cambridge, our team can guide you through your options and help you find a deal that aligns with your financial goals.
Yes, you can remortgage while in a fixed-rate deal, though you may need to pay an Early Repayment Charge (ERC). This charge is typically a percentage of your remaining mortgage balance.
It’s essential to consider whether the potential benefits, such as releasing equity or securing a better interest rate, outweigh the cost of the ERC. For advice on remortgaging in Cambridge, our mortgage advisors can help you decide if it’s the right move for you.
If remortgaging isn’t the right option for you, there are alternatives to consider:
Each option has its advantages, for guidance tailored to your situation, speak to a mortgage broker in Cambridge who can help explore all your options.
Yes, remortgaging is still an option if you’re over 50. Many lenders offer products specifically designed for older homeowners.
Your eligibility will depend on factors like your income, credit history, and remaining mortgage term.
To learn more about what’s available, get expert mortgage advice in Cambridge to find the best solution for your needs.
To determine your home’s value in Cambridge, you can:
Understanding your home’s value is essential for remortgaging decisions. Our mortgage advisors in Cambridge can help guide you through the remortgage process based on your property’s value.
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5.00 Rating3 Reviews
Jessica
Very responsive even in late evenings! Answered all of the questions that I had, explained the whole process through out and made the house buying process so much easier!
6 months ago
Anonymous
Great service, very efficient.
2 years ago
Anonymous
Helen was lovely to chat with, she booked me in for an appointment with a broker within minutes of me sending an email enquiry on a Sunday and explained everything about the process really well.
8 months ago
Steven
Great service. Would definitely recommend to people struggling to get a mortgage. Cambridgemoneyman, a huge thank you from us
4 years ago
Eamonn
Spoke to several Mortgage Brokers about my situation and having talked to Malcolm, he fully understood my views and gave me his honest opinion. A very professional, friendly, and efficient service that enabled us to the best mortgage on the market.
2 years ago
Bailey
Massive thank you to Malcolm and the team at Cambridgemoneyman. We were very impressed with the level of service we received. As first time buyers, we were thrilled with the mortgage rate that got recommended for our circumstances, and we will...
4 years ago
The process begins with a free remortgage review to understand your current situation. Whether you’re looking to release equity in Cambridge for home improvements or reduce your monthly outgoings, we’ll guide you through the available options.
Our extensive network allows us to provide access to thousands of remortgage deals. For those in Cambridge, we’ll compare competitive rates and flexible options to help you achieve your goals.
We’ll handle the remortgage application on your behalf, ensuring all forms are completed accurately and on time. Our team in Cambridge will keep you informed throughout the process.
When your remortgage is approved, we’ll oversee the completion, ensuring everything is finalised smoothly. Whether staying with your current lender or switching to a new one, we’ll make the process seamless in Cambridge.
We provide a free remortgage review to help homeowners in Cambridge explore their options. Whether you’re looking to release equity, lower your monthly payments, or switch to a better deal, our team will assess your needs and provide expert guidance at no cost.
With access to thousands of remortgage deals, we’ll help you find the right option for your situation in Cambridge. From competitive rates to flexible terms, our mortgage advisors will match you with a deal that suits your financial goals.
Our service is tailored to make the remortgage process in Cambridge as smooth and stress-free as possible. From completing paperwork to liaising with lenders, we handle the hard work for you, ensuring you’re kept informed every step of the way.
We understand that your schedule might not align with standard working hours. That’s why our mortgage advisors in Cambridge are available 7 days a week, making it easier to access support whenever you need it.
Releasing equity through a remortgage can help fund home improvements in Cambridge, such as a kitchen extension, a loft conversion, or modernising outdated spaces. These upgrades not only make your home more enjoyable to live in but can also increase its market value.
Many people use equity release in Cambridge to fund significant life events, such as a wedding, an anniversary celebration, or a dream holiday. This allows you to enjoy the benefits of your property’s value while creating lasting memories.
Equity release is a practical way to support family members, whether it’s providing funds for a first home deposit or helping to cover university tuition fees. This option allows you to put your property’s equity to work for your loved ones in Cambridge.
If you’re looking to expand your property portfolio, releasing equity in Cambridge can help raise a deposit for a second property, such as a buy-to-let investment or a holiday home. This can open opportunities for additional rental income or long-term growth.
Releasing equity can provide financial support as you approach retirement, offering extra funds to supplement your pension or pay off remaining mortgage balances. This can help create greater financial security and flexibility during your later years in Cambridge.
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Cambridgemoneyman.com & Cambridgemoneyman 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, Hull, 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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Cambridgemoneyman.com & Cambridgemoneyman 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, Hull, 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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