Can I still remortgage if I’m locked into a fixed-rate deal?

You can still remortgage during a fixed-rate deal, though this might involve paying an Early Repayment Charge (ERC). The charge is calculated as a percentage of your remaining mortgage balance and varies by lender. If the benefits, such as releasing equity or lowering your interest rate, outweigh the cost of the ERC, remortgaging could be worthwhile. Speak to a mortgage broker in Doncaster to explore your options.

What are the alternatives to a remortgage to release equity in Doncaster?

If remortgaging doesn’t suit your circumstances, other options are available: Secured loans : Also known as second charge mortgages, these allow you to borrow additional funds against your property without changing your existing mortgage. Equity release products : Designed for those aged 55+, these options include lifetime mortgages and home reversion plans. To find the right solution for your needs, consult with a mortgage broker in Doncaster who can guide you through the available alternatives.

I’m aged over 50. Can I still remortgage to release equity in Doncaster?

Yes, those aged 50+ can still remortgage to release equity. Many lenders cater to older borrowers, and eligibility will depend on factors like your income, credit history, and the remaining term of your mortgage. For expert advice on remortgaging in Doncaster, speak to a mortgage advisor who can explore the options available to you.

How can I find the current value of my home?

To determine your home’s value in Doncaster: Use an online property valuation tool for an estimate. Contact a local estate agent to assess the market value. Request a professional valuation from a surveyor or mortgage lender. Knowing your property’s value is essential when considering equity release, a mortgage advisor in Doncaster can help guide you through the process.

Remortgage to Release Equity York

What is a remortgage to release equity in Doncaster?

Remortgaging to release equity in Doncaster allows you to borrow against your home’s value to fund projects like:

Debt Consolidation
Gifts to Family
Divorce or Separation
Home Improvements
Aged 50+ retirement planning.

A mortgage broker in Doncaster, like ourselves, can help match you with the most suitable option for your needs.

Remortgage to Release Equity in Doncaster

How much equity can I release when remortgaging in Doncaster?

The amount of equity you can release when remortgaging in Doncaster depends on your home’s market value and any remaining balance on your secured loans or mortgage.

Factors like your age, credit score, and income also play a role in the lender’s calculations.

Our mortgage advisors in Doncaster will work closely with you to find the most suitable options for your circumstances.

Will remortgaging to release equity in Doncaster affect my monthly payments?

Remortgaging to release equity in Doncaster is likely to affect your monthly payments, depending on factors such as the amount of equity you release and the terms of your new mortgage.

Your payments might increase if you borrow more or shorten the repayment period.

Adjusting the repayment term could spread the cost over a longer time, potentially lowering monthly payments while increasing the total interest.

Our team provides professional mortgage advice in Doncaster to help you find an option that suits your financial goals.

Speak to an Advisor

Important information

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.

Remortgage to Release Equity FAQs

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Our Simple Remortgage Process

Remortgage Review

The process begins with a remortgage review to understand your current situation. Whether you’re looking to release equity in Doncaster for home improvements or reduce your monthly outgoings, we’ll guide you through the available options.

1000's of Remortgage Deals

Our extensive network allows us to provide access to thousands of remortgage deals. For those in Doncaster, we’ll compare competitive rates and flexible options to help you achieve your goals.

Remortgage Application

We’ll handle the remortgage application on your behalf, ensuring all forms are completed accurately and on time. Our mortgage advisors in Doncaster will keep you informed throughout the process.

Completion

When your remortgage is approved, we’ll oversee the completion, ensuring everything is finalised smoothly. Whether staying with your current lender or switching to a new one, we’ll make the process seamless in Doncaster.

Reasons to Choose us

Remortgage Review

Our remortgage review helps homeowners in Doncaster explore their options. Whether your goal is to release equity, lower monthly repayments, or secure a more competitive deal, we’ll provide expert advice tailored to your needs.

1000s of Remortgatge Deals

With thousands of remortgage deals available, we’ll find the most suitable product for you in Doncaster. Whether you’re looking for fixed rates or flexible terms, we’ll help you achieve your financial goals.

Our Service

We’re here to make remortgaging in Doncaster as stress-free as possible. Our team will manage your application, complete the necessary paperwork, and liaise with lenders on your behalf, keeping you informed throughout the process.

7 Days a Week

Our mortgage advisors in Doncaster are available 7 days a week to offer support when it’s most convenient for you, whether that’s during evenings or weekends.