Improvements can add value to the property when it comes to selling. To create additional space in your home or covert your space to accommodate family changes.
A property that meets your needs when you first move in can ultimately become more limiting, which can prompt you to consider either moving or renovating.
Financial Circumstances. Your financial situation will be reassessed whether you want to switch to a new deal with your current lender or move to a different lender. Lenders will typically consider your employment status, income, debts, job security, and credit history before deciding whether to let you remortgage.
If you remortgage to release equity, then your eventual net cost may be low, zero, or even negative, depending on the value added to the property as a result.
The mortgage advisor is focused on getting the best remortgage deal for you even if that means finding a specialist lender.
Credit History. If you have a history of bad credit, it’ still possible to remortgage from a lender specialising in bad credit mortgages.
The lender will take into account both your past and current financial situation.
