There are many reasons why you might wish to raise capital on your home.
A capital raising mortgage can help you secure funds for anything from renovations and improvements to investing in another property. First Mortgage can find the right capital raising mortgage for your needs. With a whole of market choice, we are experts in locating the best deal from thousands of mortgage offers.
What is a capital raising mortgage?
Capital raising mortgages are usually ways of remortgaging your house to release funds for other purposes. The cash could be for home improvements, a holiday, a new car or simply to consolidate existing debts. Many people use remortgaging to take advantage of lower mortgage interest rates when consolidating all their loans into one manageable monthly fee.
Is a capital raising mortgage right for you?
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 charges on your current mortgage.
Call us on 0345 603 1525 for a free consultation with one of our friendly and experienced team. We are happy to discuss your situation and help you choose the best option.