Unlocking Equity Without Remortgaging
The client finished their extension and kept their low-rate mortgage, saving thousands.
A homeowner needed £40,000 to extend their property but was only two years into a five-year fixed-rate mortgage. Remortgaging would have triggered high early repayment charges, making it an expensive option.
We arranged a second charge mortgage secured against the equity in their home. This allowed the client to borrow the funds needed for the extension without disturbing their main mortgage deal. As a result, the client completed their extension project and kept their existing low-rate mortgage intact, whilst saving thousands in unnecessary charges.
The result? The client completed their extension project while keeping their low-rate mortgage intact, saving thousands in unnecessary charges.
At Autumn Money, we make second charge mortgages a flexible, cost-effective way to unlock equity without disrupting your main mortgage.