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As a homeowner, you may find yourself in a position where you have built up significant equity in your property over the years through mortgage repayments. Opting for a remortgage to release equity in London could be a strategic financial move worth considering.
Releasing equity through a remortgage in London involves obtaining a new mortgage that is larger than your current one, enabling you to access a lump sum of cash from the difference between the two amounts.
This process can be utilised for various purposes, such as debt consolidation, gifted deposits to family members, managing divorce or separation settlements, funding home improvement projects, or even planning for retirement if you are over 50.
The first step in the process is to assess the value of your property and find out your remaining mortgage balance. Remortgaging to release equity in London involves taking money out of your home, hence why lenders need to know how much equity you have in your property.
Once you have this figure, you can begin exploring your options. At this stage in the process, you should already be speaking with a mortgage broker in London, like us. You need to find out your eligibility, how much equity you can release from your property and what sort of remortgage deal you are going to switch on to.
During your free remortgage review, one of our mortgage advisors in London will carefully evaluate your property value and existing mortgage details. They will then present you with a tailored quote, which will include the amount of equity you can release and your new projected monthly mortgage payments.
You must understand the implications of a remortgage to release equity in London before taking out a product. Our dedicated team of mortgage advisors in London specialise in this area and will guide you through the process, taking the time to explain the advantages and potential drawbacks involved.
By working with a mortgage broker in London like us, you gain access to a vast array of remortgage deals, ensuring you find the most suitable option tailored to your needs.
It’s free to speak with our mortgage advisors in London; make sure to take advantage of our free remortgage review and start your process today.
If you’re considering a remortgage to release equity in London, the first step is understanding your property’s current market value.
To estimate this value, compare the recent sale prices of properties similar in size and type within your neighbourhood. Additionally, review current property listings in your area to get a sense of the market.
This information can help you determine the amount of equity you have in your home and how much you may be able to release.
For instance, if a nearby property similar to yours is valued at £300,000 and you have already paid off £50,000 of your mortgage, you would have £250,000 remaining on your mortgage and £50,000 in equity.
If you’re looking to remortgage and release equity in London, knowing the existing balance of your mortgage is essential.
To determine your current mortgage balance, subtract your total repayments from your property’s value.
Our dedicated team of mortgage advisors in London are here to assist you at every stage. We can help you understand your remaining mortgage balance and explore how much equity you could release from your home.
Considering a remortgage to release equity in London? The amount of equity that you can release hinges on factors such as your property’s value and any existing mortgages or loans secured against it.
Additionally, your lender will assess your financial situation, age, and credit score to determine the amount you can release from your property.
If you want a quick figure as to how much you may be able to borrow, our team of mortgage advisors in London can work this out for you. Simply get in touch with our team and we can get your process started.
For those over 50, considering a remortgage to release equity in London could be a smart financial move.
Older homeowners often seek to release equity for various reasons such as helping out family members, settling debts, covering care expenses or raising pension income. Whatever your motivation, there are now numerous options available to help you achieve your financial goals.
Through the power of an equity product such as a lifetime mortgage, you could release equity from your home. For information on these products, you should speak with a specialist mortgage broker in London, like us.
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5.00 Rating15 Reviews
Anonymous
Charlie helped guide me through the process and answered all my questions. Would highly recommend London money man to everyone!
7 months ago
Anonymous
Ryan at London Moneyman made moving home with my mortgage easier. Thank you, 5 stars service.
7 months ago
Laura
I was nervous buying my first home but londonmoneyman were fab! Thank you for helping me 🙏
7 months ago
Jaycee
A+ service. communication was brilliant, helped me find a mortgage. Will definitely be back!
7 months ago
Tamra
Great company. Great service. Recommend 100%
7 months ago
Otto
thank you chloe for help with my mortgage iwill be back next time.
7 months ago
Tabby
Excellent service very helpful with my mortgage 😀
7 months ago
Seb
Very useful and efficient service. Thank you london money man!
7 months ago
Josie
Dinah and the team at London money man were super helpful with a remortgage on our family home. They got us through the process quickly and found me a much better deal than we were on. Thank you again, we'll be back in touch for our next...
7 months ago
Jeb
Great service from Kayleigh & Leo! Made it easy and stress free, thank you both for finding me a suitable product. I would not have got through this without their help.
7 months ago
Derek
Helped me and my partner on our remortgage. Molly was friendly and polite on the phoen and helped us throughout the process. Would reccomend 👍
7 months ago
Marina
Leoand Kayleigh were great during my process. He made everything stressfree for me as a first time buyer. Would definitely recommend to others going through the same process as it helped a lot. Thank you..Marina
7 months ago
James
Thank you Londonmoneyman. From my free mortgage appointment to completion I was kept in the loop. Jason was great and would definitely recommend.
7 months ago
Ruby
Tom and Louise were so helpful throughout the whole process. As First Time Buyers we were almost scared to start looking for a home but the team at Londonmoneyman put us at ease and now we have a lovely new home. Thanks for everything!
7 months ago
John
Amazing service from start to finish. Charlie, Megan and the application team were very helpful throughout, to help with any queries, and kept me up to date with the process at every stage. Couldn't recommend them enough!
2 years ago
We offer a free 30-minute remortgage review to assess your current mortgage and discuss your equity release options.
During this no-obligation appointment, we’ll explore your financial goals and look at whether you're eligible to release funds from your property.
We have access to 1000s of remortgage deals from both high street and specialist lenders.
With our expertise, you can confidently choose the right remortgage deal to release equity in London while keeping your future financial plans in focus.
Once we've found the perfect deal for your situation, we’ll guide you through the application process, making it as smooth and stress-free as possible.
Our team will handle the paperwork and liaise with the lender, keeping you informed at every stage of the journey.
As part of our service, we also review your insurance needs to ensure you and your mortgage are fully protected.
From life insurance to critical illness cover, we’ll help you choose the right policies to safeguard your financial future. This way, you can enjoy the benefits of your equity release with peace of mind.
We offer a free remortgage review to customers in London, allowing you to speak to an expert with ease.
Whether you're looking to release equity or find a better deal, our knowledge and personalised approach ensure you receive the guidance you need to make informed decisions about your mortgage.
With access to thousands of remortgage deals, we work diligently to find the right option for you.
Our extensive network of lenders means we can search competitive rates and tailored solutions that align with your financial goals.
Our dedicated team is committed to providing a seamless remortgaging experience from start to finish.
We handle the paperwork, negotiate with lenders, and keep you informed throughout the process, ensuring that releasing equity or securing a better mortgage deal is as straightforward and stress-free as possible.
We offer our services are 7 days a week so that you can get in touch with us at a time that suits you.
Whether you need advice on a the weekend or support on a weekday evening, we're here when you need us, making the remortgaging process more convenient for you.
If you’re managing multiple debts with high interest rates, remortgaging to release equity in London can be a practical solution.
By consolidating your debts into one manageable monthly payment through your mortgage, you could reduce your overall interest costs and simplify your finances.
This approach allows you to take control of their debt while potentially lowering their monthly outgoings, all by leveraging the equity built up in their property.
Improving your home can be an excellent investment, and remortgaging to release equity provides the funds needed to make it happen.
Whether you’re planning a kitchen extension, loft conversion, or simply modernising your space, using the equity in your London property can help you finance these improvements.
Not only does this enhance your living environment, but it could also increase the value of your home, making it a wise financial move in the long term.
For those approaching retirement, remortgaging to release equity in London can provide a valuable source of additional income.
Whether you want to boost your pension, fund travel, or simply enjoy a more comfortable lifestyle, accessing the equity in your home can supplement your retirement income without the need to downsize.
This option allows you to stay in your home while enjoying the financial benefits that your property’s value can offer.
Our team are here to give you the mortgage advice in London that you need to get you through your remortgage process. Get in touch today and speak with one of our remortgage advisors for free!
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Londonmoneyman.com & Londonmoneyman 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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Londonmoneyman.com & Londonmoneyman 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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