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Homeowners in York can use a remortgage to release equity to access funds by borrowing against their property’s value, whether it’s for:
A mortgage broker in York, like ourselves, can support you in finding a deal that works for your financial goals.
How much equity you can release when remortgaging in York depends on your home’s current value and any outstanding balance on your secured loans or mortgage.
Lenders will also assess factors like your age, credit score, and affordability to calculate the amount you can borrow.
Our mortgage advisors in York will support you throughout the process, ensuring everything runs smoothly.
Releasing equity through a remortgage in York could result in changes to your monthly payments, depending on the amount you borrow, your repayment term, and the interest rate.
Borrowing more equity may increase your payments, by adjusting the repayment term could help manage costs but might lead to higher overall borrowing expenses.
For tailored mortgage advice in York, our team can guide you in finding the right solution for your needs.
Yes, remortgaging during a fixed-rate deal is possible, although it may involve paying an Early Repayment Charge (ERC). This fee is typically a percentage of your remaining mortgage balance.
It’s essential to weigh the ERC cost against the potential benefits, such as releasing equity or securing a better interest rate. A mortgage broker in York can help you evaluate whether remortgaging is the right choice for your circumstances.
If a remortgage isn’t the best option for your needs, consider these alternatives:
For personalised advice, a mortgage advisor in York can guide you through these options to find the most suitable solution.
Yes, those aged 50+ can remortgage to release equity. Many lenders provide products tailored to older borrowers, with eligibility determined by factors such as income, credit score, and the term remaining on your mortgage.
For expert guidance, speak with a mortgage broker in York to explore the options available to you.
To estimate your property’s value in York:
Understanding your home’s value is a crucial step in releasing equity. A mortgage advisor in York can assist you in leveraging your property’s value to achieve your financial goals.
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Very good service always there to help .
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Chris and the team have been fantastic throughout our application, very friendly and always available to contact no matter how big or small the issues were and fantastic guidance for us first time buyers! We would highly recommend using their...
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Friendly and relatable staff. Kept us in the loop and well informed throughout the process and made it all very hassle free for us.
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Ben
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Incredible service, the team were amazing. We are first time buyers and every question we had they were able to hold our hand and explain things clearly. Phenomenal work. Got our mortgage offer accepted within 3 days and updated every step of the...
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Matt
Highly recommend Yorkmoneyman. Every step of the way Wayne and Jo have been extremely helpful and friendly. Wayne got us a great deal on our mortgage and he and Jo ensured we understood every detail. When we needed to switch properties, they handled...
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Katie
Excellent service. I was provided with support and advice from Leo. I began my journey in March 2023 when I initially started looking. I the did not find a property until March 2024 where I got back in contact with York money man and Leo and...
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I found york money man online and wasn’t disappointed. Wayne helped us get everything order and was highly efficient. The process was seamless and I would highly recommend.
8 months ago
Emma
Brilliant and detailed helped with everything effectively and efficiently. Thank you
8 months ago
Mr Henry
Absolutely fantastic service , as first time buyers the team at Yorkmoneyman made the process of applying for our mortgage unbelievably easy and stress free . We cannot recommend them enough!
8 months ago
David
Great service, really helpful in understanding our individual circumstances and getting the best deal for us. Communication was top class right throughout the process, would highly recommend.
8 months ago
Mitchell
5 stars. They have been very helpful. Made the initial process of looking for and buying a house simple. Explained all the processes in an easy to understand way. Being able to suggest solicitors and surveyors took away a massive amount of the...
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Anonymous
Couldn’t have asked for more from Tom and Jo. Super patient and helpful throughout!
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Joseph
Our advisor Leo was incredibly helpful throughout our process. Explained everything clearly and answered any questions we had. I would definitely recommend Moneyman for anyone looking to buy a house.
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The process begins with a free remortgage review to understand your current situation. Whether you’re looking to release equity in York for home improvements or reduce your monthly outgoings, we’ll guide you through the available options.
Our extensive network allows us to provide access to thousands of remortgage deals. For those in York, we’ll compare competitive rates and flexible options to help you achieve your goals.
We’ll handle the remortgage application on your behalf, ensuring all forms are completed accurately and on time. Our mortgage advisors in York will keep you informed throughout the process.
When your remortgage is approved, we’ll oversee the completion, ensuring everything is finalised smoothly. Whether staying with your current lender or switching to a new one, we’ll make the process seamless in York.
Our free remortgage review helps homeowners in York explore their options with confidence. Whether you’re looking to release equity, lower your monthly payments, or secure a better interest rate, we’ll provide tailored advice to meet your needs.
With thousands of remortgage deals available, we’ll find the most suitable product for your circumstances in York. From competitive fixed rates to flexible terms, we’ll ensure you have access to the best options.
We’re dedicated to making the remortgage process in York simple and stress-free. Our team will handle your application, complete all necessary paperwork, and communicate with lenders to ensure everything is processed smoothly and efficiently.
Our mortgage advisors in York are available 7 days a week, offering flexible support to fit around your schedule, including evenings and weekends.
Releasing equity can provide the funds needed for home upgrades, such as building an extension, transforming a loft, or updating older features like bathrooms or kitchens. These projects improve both comfort and property value in York.
Equity release can be a great way to finance significant life events, like a milestone celebration, a wedding, or a memorable family holiday. It allows you to make the most of your property’s value for life’s special moments.
Many people use equity release to provide financial assistance to family members. Whether it’s helping a loved one with a house deposit or supporting education costs, it’s a practical way to put your property’s value to good use.
Equity release can help provide the deposit needed to purchase a second property, such as a buy-to-let investment or a holiday home. This approach offers an opportunity for additional rental income or long-term financial growth.
Releasing equity is a popular option for those nearing retirement, offering extra funds to supplement pension income or pay off remaining mortgage balances. This creates greater financial flexibility and security in later years.
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Yorkmoneyman.com & Yorkmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Yorkmoneyman.com & Yorkmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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