Are you paying too much for your mortgage?
These days more and more
homeowners change lenders to take advantage of
more suitable schemes. Some lenders even offer
to pay most of the costs.
Do you want release
some EQUITY*: -
Home
improvements?
Debt consolidation?
*To calculate the EQUITY you have in your
home subtract the value of your existing mortgage
and any other commitments secured on your home
from the current market value. This is the maximum
equity you have in your property, the lender
will normally allow you to release up to 90%
of the value of the property, subject to your
financial commitments i.e. outgoings before the
lender will decide exactly how much they will
lend you.
You may have to pay an early repayment charge
to your current lender, if you do change lender.
Think carefully before securing other debts against
your home. Your home may be repossessed if
you do not keep up repayments on your mortgage .
