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How does this type of deal work?
There are many different reasons why you might want to raise capital on your home. You may be looking to buy a new car, add a conservatory to your house, go on a dream holiday or simply consolidate existing debts. Instead of taking out an unsecured loan or using a credit card, a capital raising mortgage means that you can access cash without paying extremely high rates.
As with every type of mortgage you need to ensure that you can afford the monthly repayments. Visit our calculator page to find out how much you can afford without overstretching your finances.
More capital raising mortgage information…
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.
Find capital raising information with First Mortgage now
Phone us now on 0845 603 1525 for a free consultation with one of our experienced team. We are happy to discuss your situation and offer any extra mortgage information you may need.
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