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Firstly, the term equity is explained as the difference between the
value of your property less the mortgage owed on it.
An equity release/ re-mortgage
is where you increase the existing mortgage on your property to release
funds for your own needs this
can be done for many purposes:
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Buying a holiday home |
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Home Improvements |
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Clearing existing debts and improving cash flow |
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Covering educational expenses |
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Invesments |
Mortgages are no longer as inflexible as people think and many institutions
now realise it is important to allow people access to the equity
in their property, in fact this type of borrowing is on the increase
and being supported by many lenders.
If you wish to avail of some further details please fill in the on-line
loan application and one of our advisors will contact you shortly.
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