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What is a capital raising mortgage?
Are you trying to raise funds for any reasonable purpose? You could be looking to buy a new car, going on a holiday adventure, doing some home improvements or even trying to consolidate other unsecured debts. A capital raising mortgage could be your best option. Because mortgage interest rates are generally much lower than credit card and unsecured personal loan interest, you can usually save money by raising cash through your home.
You can find out how much you can borrow by using our calculator tool. It’s important to make sure you don’t take out more than you can afford to repay, or you run the risk of losing your home.
More capital raising mortgage advice…
A capital raising mortgage can be a very useful short-term solution to financial problems, whatever you need the money for. The lower interest rates mean that by increasing your mortgage, you will likely pay less than getting an unsecured loan. However, you should consider the fact that it will mean larger mortgage repayments and a longer repayment term. There may also be early repayment penalties on your current mortgage.
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