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Remortgage to raise cash

Find top deals for a remortgage to raise cash with our expert team of mortgage advisers – call today for a no-obligation chat on 0845 450 9661.

Remortgage to raise cash – compare deals

A remortgage to raise cash involves remortgaging with another mortgage provider such as a bank or building society, and simultaneously borrowing more money in the process. There are numerous reasons why you may want a remortgage to raise cash, such as:

  • Redecorating or adding an extension to your existing property
  • Paying off other debts
  • buying shares in a joint-owned property – perhaps in order to buy out an ex-partner or house mate
  • Purchasing the freehold on the property
  • Purchasing vacant land next to the property for an extension or other purposes
  • To fund a major purchase such as a new car
  • To help fund a University education for your children

There are a few restrictions on how you can use cash raised via a remortgage. You cannot usually use cash raised with this type of remortgage to finance projects such as:

  • Setting up a business
  • Buy to let property purchases

Points to bear in mind when taking out a remortgage to raise cash

Remember that a capital raising remortgage is prone to bring about charges, for example,

  • Arrangement and administration charges – these fees may apply even if you are remortgaging with your current provider.
  • Valuation charges – if you are moving mortgage providers, the bank will need a current estimation of your property’s value before they will offer to a remortgage.

Find out more about a remortgage to raise cash

Call Remortgage-net.co.uk today for free information and advice on how you could raise cash by remortgage – our friendly team are available to speak to by calling 0845 450 9661.

Request a free, no obligation remortgage quote