Unlocking Equity Without Remortgaging
The client finished their extension and kept their low-rate mortgage, saving thousands.
A homeowner came to Autumn Money needing £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 gave them the funds needed for the extension without disturbing their existing mortgage deal.
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.