Access cash for renovations, debt consolidation, or new endeavors without selling your home.
Remortgaging to release equity allows you to tap into the value you’ve built up in your property, giving you the freedom to achieve your financial goals while staying in the home you love.
What is Remortgaging to Release Equity?
Remortgaging to release equity means increasing your mortgage loan beyond what you currently owe, effectively borrowing against your home’s equity.
Here’s how it works:
- Your home’s value = £300,000
- Outstanding mortgage = £200,000
- Potential funds available = £20,000 when you borrow £220,000
Whether it’s funding a renovation, helping your children onto the property ladder, or consolidating debt, remortgaging offers a flexible option for accessing the funds you need.
Why Choose to Remortgage and Release Equity?
Benefits Tailored to Your Needs
- Access Cash Without Selling – Unlock funds while staying in your home.
- Flexible Fund Usage – Use your money for anything from home upgrades to launching a business.
- Potentially Lower Rates – Take advantage of competitive rates by remortgaging with better terms.
Points to Consider
While remortgaging offers significant benefits, you’ll need to weigh potential factors like higher monthly payments or additional fees. Speaking to an expert ensures you make the right decision for your circumstances.
How Does It Works?
Unlocking your home’s value is easier than you think. Follow these steps to get started:
Calculate Your Equity
Subtract your current mortgage balance from your property’s value to estimate the equity available.
Research Lenders
Work with your current lender or compare offers from others to find the best deal.
Affordability Check
Lenders will evaluate your finances (income, expenses, credit score) before approval.
Finalize Your Mortgage
Complete the necessary paperwork, and your funds will be released!
Don’t worry—we’ll guide you through every step.
How Much Equity Can You Release?
The amount you can unlock depends on four key factors:
- The current value of your home.
- Your remaining mortgage balance.
- Your income and financial profile.
- Your lender’s loan-to-value (LTV) guidelines
Use our easy equity calculator or consult our advisors for a personalized assessment.
Realize Your Financial Goals
People choose to remortgage for many reasons. What’s yours?
- Home Improvements – Add value with a stunning kitchen upgrade or extra living space.
- Debt Consolidation – Simplify repayments by combining debts into one manageable plan.
- Family Support – Help loved ones with tuition costs or their first property purchase.
- Business Funding – Turn your entrepreneurial dreams into reality.
Your plans, your goals, your choice.
Common Concerns Answered
How long does it take to remortgage and release equity?
Typically, the process takes 4–8 weeks, depending on your lender and situation.
Will I face penalties for leaving my current mortgage?
Some mortgages include early repayment charges or exit fees. It’s important to review your existing mortgage terms before remortgaging.
Is this a good option for older borrowers?
For those over 55, equity release tools such as lifetime mortgages may be more suitable. Consult an expert to explore tailored solutions.
Will remortgaging affect my credit score?
Yes, lenders will review your credit to assess affordability, which can temporarily impact your score.
Have more questions? Our friendly advisors are here to help.
Expert Guidance, Every Step of the Way
Take the first step toward financial freedom with personalized, expert advice tailored to your needs.
We work with FCA-approved professionals to ensure you get a safe, secure, and competitive deal. Don’t leave your future to chance; trust the experts to help you unlock your property’s potential.
Your home, your equity. It’s time to make it work for you.