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Raising Funds

Remortgaging is probably the cheapest way to raise funds for a variety of purposes including debt consolidation, purchasing another property, buying a car or raising capital for a business venture.

Any monies or funds raised as part of a mortgage are secured up on the property, which means if monthly repayments are not maintained the lender may repossess your property to recover the mortgage.

The benefit of remortgaging to raise funds is that the interest rate that is charged is usually lower than unsecured or personal loans as the lender has more security.

Mortgages can usually be taken out on a fixed or variable basis and maybe repayments or interest only subject to circumstances.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

 

 

 

 

 

 


 



YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.