Category: Remortgages
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Can I Remortgage My House to Buy Another Property?
Can I Use a Remortgage to Purchase Another Property? Have you been considering the prospect of owning another property? Whether it’s for investment purposes, a holiday retreat, or supporting a family member, remortgaging your current home can be an effective strategy to finance your next property purchase. At Kerr & Watson, we specialise in providing… Read more
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Does Having Children Affect a Mortgage
How Having Children Impacts Your Mortgage Application You’ve built a family, and now you’re thinking about your next big step, buying a home. But with children in the picture, you might be wondering, does having children affect a mortgage application? The short answer is yes, it can. But that doesn’t mean getting a mortgage with… Read more
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Remortgaging for Debt Consolidation
Remortgaging for Debt Consolidation: Pros, Cons, and Expert Guidance Debt can be overwhelming, especially when juggling multiple repayments with varying interest rates. Remortgaging for debt consolidation may offer a potential solution by combining your debts into a single monthly payment, often at a lower interest rate. However, while this can simplify your financial management, it’s… Read more
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Getting a Mortgage with a New Job
Can you get a mortgage with a new job In many situations, you can. Some lenders accept applicants who have only recently started or who are about to start, provided there is clear evidence of income and the overall case makes sense. Some lenders prefer a few months of payslips while others are comfortable with… Read more
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Can I Extend My Mortgage Term When Remortgaging
Extending Your Mortgage Term When Remortgaging: Pros, Cons & What Lenders Look For If you’re looking at your monthly outgoings and wondering how to ease the pressure, you might be asking yourself: Can I extend my mortgage term when remortgaging? The good news is yes, it’s often possible subject to lender criteria, and it could… Read more
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Home Improvement Mortgage
Home Improvement Mortgage: Finance Your Renovations If you’ve been dreaming of upgrading your home but are unsure how to finance the project, a home improvement mortgage could be the solution. Whether you’re looking to expand your living space, modernise your kitchen, or create an energy-efficient home, financing these improvements through a mortgage can make your… Read more
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Case Study: Residential Remortgage with Capital Raising
The Scenario A single homeowner in Farnborough sought to remortgage their property to raise capital for further home improvements. The client, a full-time employed professional earning £135,000 annually, was focused on securing a flexible mortgage solution that aligned with their financial goals. The property, a house valued at £420,000, was being remortgaged with equity as… Read more
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How Long Does a Remortgage Take?
How Long Does It Take to Complete a Remortgage? Remortgaging your home can be an effective way to secure a better mortgage deal, release equity, or consolidate debt. However, understanding the remortgage timeline is crucial, especially if your current deal is coming to an end. Here we’ll explore how long a remortgage typically takes, what… Read more
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Should I Get My House Valued Before Remortgaging
Remortgaging Soon? Why a Property Valuation Could Save You Money If you’re thinking about remortgaging, one of the first things you might wonder is whether you need to get your house valued. It’s a fair question, and one that can make a real difference to the rates and products available to you. The value of… Read more
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What is an Affordability Assessment?
Affordability Assessments When you’re looking to buy a home or refinance your mortgage, one of the first steps you’ll encounter is the affordability assessment. This crucial process helps lenders determine whether you can afford the monthly repayments on your chosen mortgage product. Understanding how an affordability assessment works can not only prepare you for what… Read more
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Remortgage Advice
Remortgaging can be an exciting but often overwhelming experience. With numerous factors to consider, such as mortgage rates, equity, and changing financial circumstances, the process can seem daunting. That’s where Remortgage Advice steps in – your navigator in the intricate world of mortgage refinancing. The Remortgage Process Understanding the remortgage process is essential for homeowners.… Read more
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Can You Transfer a Mortgage to Another Person?
How to Transfer a Mortgage to Someone Else: Key Steps and Considerations Transferring a mortgage to another person can arise from various situations, such as a change in relationship status, estate planning, or the sale of a property. Whether you’re looking to add a partner to your mortgage, transfer ownership to a family member, or… Read more
