Capital Raising Mortgages in Chester

Dreaming of that kitchen extension, an additional bedroom, or perhaps a full renovation? Re-mortgaging can often be a viable solution to raise the necessary funds. For home improvements, lenders may require evidenced works such as work schedules or anticipated quotes for the required tasks. Additionally, exploring mortgage solutions, including options for debt consolidation, can help streamline your financial needs while enhancing your home.

You may have children you want to assist in getting onto the property ladder. Re-mortgaging to provide funds for a deposit is becoming increasingly common, especially with various mortgage solutions available. If you have a considerable amount of equity in your property or even no mortgage at all, raising capital through debt consolidation can be easier than you might expect.

You will generally need a 25% deposit for a buy to let investment property. Re-mortgaging a residential property to raise investment capital is becoming more commonplace amongst landlords, especially as they explore various mortgage solutions, including debt consolidation options. 

Speak to James Wong Mortgages today to discuss a bespoke investment strategy tailored to your needs.

Consolidating credit card balances or personal loans into one monthly mortgage payment can often lead to long-term savings. This debt consolidation strategy requires you to have sufficient equity in your property, along with the income to manage the additional borrowing. It's important to think carefully before using your home as collateral for other debts, as failure to keep up with mortgage repayments could result in your home being repossessed. Consider various mortgage solutions to help manage your financial commitments effectively.

A further advance refers to borrowing additional funds from the same lender on top of your existing borrowing. This often results in essentially having two mortgage payments with two separate mortgage accounts. Unlike a re-mortgage, where the lender changes, a further advance allows you to explore mortgage solutions without the need for a different lender, and often, no early repayment charges are applicable. This option can also be a key part of a debt consolidation strategy.