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Remortgages

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Remortgages. 

Mortgages and remortgages are available up to 90% of the purchase price or valuation of the property, whichever is the lower. Affordability of the repayments is critical to the amount that a lender will lend but as a guide up to five times provable income can be arranged although this is subject to ongoing commitments and the number of dependants. Naturally a good credit history is required.

Remortgages can be arranged for any of the following reasons:-
  • To find a more competitive mortgage product.
  • Debt consolidation
  • Home improvements
  • Capital raising for other property purchases such as ‘Buy to Let’ or a second home.
  • Divorce settlement.

Key Facts Illustrations are always provided in writing before application.