Remortgage or a secured loan?
Should I capital raise by way of a remortgage or a secured homeowner loan?
Secured Loans (Homeowner loans) offer an alternative to a remortgage to capital raise (raise money for any legal purpose). Both types of loan (secured loan and remortgages) are secured against your home or other investment property such as a Buy to Let.
Depending on your circumstances and what you are trying to achieve our impartial mortgage specialists will consider which is the appropriate mortgage solution.
It may be that you wish to borrow the money and repay the loan over a different term (over a shorter or longer period) or when first mortgage criteria prevent you from borrowing from the same lender.
As with either type of capital raising solution, you are offering your home or investment property as security, so it is important to discuss your requirements with a mortgage expert who will provide impartial mortgage advice.
To speak to one of our team call The Money Bee or fill out the form opposite.