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A remortgage to release equity in Liverpool involves switching to a new mortgage deal to access some of the equity built up in your home.
Equity is the difference between your property’s current market value and the remaining mortgage balance.
By remortgaging, you can borrow additional funds against this equity, which can be used for various purposes such as home improvements, consolidating debts, or funding other investments.
With a remortgage to release equity in Liverpool, you’ll first need to get your property valued to determine how much equity you have available.
Then, you’ll speak with a mortgage advisor in Liverpool who can help find a suitable lender offering competitive rates based on your financial situation and the amount you wish to borrow.
Once you choose a new mortgage deal, your advisor will guide you through the application process, including the necessary paperwork and affordability assessments.
Yes, you can remortgage to release equity in Liverpool, provided you meet the lender’s criteria and have sufficient equity in your property.
Lenders will consider factors such as your current mortgage balance, the property’s value, your credit history, and your income to assess your eligibility.
Speaking with a mortgage advisor in Liverpool can help clarify your options and determine if remortgaging is the right choice for your financial goals.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
The amount of equity you can release depends on several factors, including your property’s current market value, the remaining balance on your mortgage, and your financial circumstances.
Lenders typically allow you to borrow up to a certain percentage of your property’s value, depending on their criteria. A mortgage advisor in Liverpool can help assess your situation and find the most suitable deal for your needs.
You can use the funds released from your home’s equity for various purposes, such as home renovations, consolidating debts, purchasing a second property, or funding major expenses like education fees.
Some lenders may have restrictions on how the equity can be used, so it’s important to check the terms of the remortgage deal you choose.
Speaking with a mortgage advisor in Liverpool will provide guidance on how best to use your released equity.
The remortgaging process typically takes around 4 to 8 weeks, though this can vary depending on the complexity of your application and the lender’s requirements.
The process involves a property valuation, application approval, and legal formalities, which can affect the timeline.
Working with a mortgage broker in Liverpool like us can help streamline the process and keep things moving smoothly.
Yes, there can be costs associated with remortgaging in Liverpool, such as arrangement fees, valuation fees, legal fees, and possible early repayment charges if you’re exiting your current mortgage deal before its term ends.
Some lenders may even offer fee-free remortgages or include incentives to help offset these costs. A mortgage advisor in Liverpool will help you understand the potential costs and find a deal that fits your budget.
Yes, remortgaging to release equity may impact your monthly payments, as you are essentially increasing the amount of your loan.
Your new monthly payments will depend on the amount you borrow, the interest rate, and the mortgage term.
Your mortgage advisor in Liverpool can help you explore different options to find a deal that aligns with your financial situation and monthly budget.
Having bad credit in Liverpool can make it more challenging to remortgage, but it is still possible.
Some lenders specialise in offering remortgage deals to individuals with adverse credit, though the terms might not be as favourable as those offered to borrowers with a clean credit history.
Speaking with a specialist mortgage broker in Liverpool like us can help identify lenders who may be willing to consider your application and find the most suitable remortgage solution.
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Mark
Once again Liverpool money man goes above and beyond to help me get another mortgage. I had a few issues regarding being self-employed and struggling to get a mortgage within 1 week LMM had my mortgage approved. Thank you very much all involved....
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Great service, start to finish Tom and the team helped and advise whenever we had any queries. Transparent pricing.
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Kelly
I used MoneyMan for my first mortgage, I was thrilled with the service they provided back in 2017 therefore I went back to them for my remortgage Chris & Debbie were super helpful with my remortgage. Would highly recommend.
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Christopher
Had a retirement mortgage agreed and completed. Wayne and Moneyman were excellent, very professional, knowledgeable and helpful at all points. Happy to recommend their services
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I have been using Liverpool Moneyman for my mortgages and remortgages since 2014. Great flexible and friendly service.
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Helen
Leo and the team have been exceptionally thorough in explaining all my options. I truly felt that Leo had my best interests at heart, going above and beyond even offering advice and support beyond his usual remit. He’s been incredibly patient with...
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Steven
Always very helpful. Helped us buy our first house and have been great assisting with the remortgage process.
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Always friendly and provide sound advice. Very supportive look out for the best interest of the client.
7 months ago
Kevin
Brilliant from start to finish. No fuss. Chris found me a new deal with my existing provider. Have recommended this company to my friends.
7 months ago
Hannah
Fantastic service from beginning to end, extremely informative and supportive. Daniel was very easy to communicate with and provided all the information we needed.
7 months ago
Michael
Excellent service, always professional and friendly. This is the second time I’ve used moneyman and their advice has been invaluable. Jason and Lizzi have been outstanding.
7 months ago
Vitor
I am so glad I find this Mortgage Broker , specially Tom Bowes and Debbie Stones, they both were very professional and polite from start to end , they keep me informed and updated at all times, the process was very smoth and fast, highly...
7 months ago
Tarique
I wanted to say a big thanks to Paula, Leo, and the Liverpoolmoneyman team. Both Paula and Leo have managed to secure me a great mortgage deal. Making this whole process seamless and less stressful with clear communication during each stage. I would...
7 months ago
Tarique
I wanted to personally thank Leo Shakespeare, and Paula Milner. And the UK Moneyman team for outstanding customer service in securing my new mortgage. Your outstanding expertise, patience, and clear communication has made this whole process much...
7 months ago
Georgia
Daniel was so helpful throughout our remortgage process. We used Liverpool Money Man when taking out the original mortgage and we didn’t regret it at all, so helpful and made us feel so reassured at each stage. Thank you again!
8 months ago
Shauna
Matt and Debbie at Liverpool Money Man were so helpful throughout the process of securing me my mortgage offer. From start to finish, they were friendly & explained every step of the process. They were also easily contactable and responded to any...
10 months ago
Rajeetha
Very good service
11 months ago
Rajeetha
I am with Liverpoolmoneyman from 2020. Always reminding me the end of terms make good offer from mortgage providerS.
11 months ago
Katie
Very happy with the service provided. Both Dan and Jonathan were very informative and supportive throughout the process, and I especially thank them both for their patience in answering all of my questions and clarifying everything for me. I will...
1 year ago
Anonymous
Very patient crew although we showered them with a lot of questions and frequently asked for updates
1 year ago
Start with a remortgage review where a mortgage advisor will assess your current financial situation and discuss your goals for releasing equity.
This initial consultation helps identify the most suitable options tailored to your needs in Liverpool.
Our mortgage advisors in Liverpool have access to thousands of remortgage deals from a wide range of lenders, ensuring you find the most suitable fit for your circumstances.
They’ll compare rates and terms to match you with a competitive deal that aligns with your equity release plans.
Once you’ve chosen a suitable remortgage deal, we’ll guide you through the application process, handling the paperwork and liaising with the lender on your behalf.
This ensures a smooth and stress-free journey toward accessing your equity in Liverpool.
Upon approval, the new mortgage will pay off your existing one, and any additional funds will be released directly to you.
We’ll keep you updated every step of the way, right through to completion, so you can start using your released equity confidently.
We offer a remortgage review to help you explore your equity release options and find the most suitable deal.
Our mortgage advisors in Liverpool will guide you through your options with no obligation to proceed.
With access to thousands of remortgage deals, we can search the market to find competitive rates tailored to your needs.
We work with a diverse range of lenders to ensure you get the right deal for your equity release remortgage in Liverpool.
Our dedicated team provides personalised advice, guiding you through the entire remortgage process from start to finish.
We handle the paperwork and communicate with the lender, making your journey as smooth and straightforward as possible.
We’re here to support you every day of the week, from early morning to late evening.
Our flexible hours mean you can get in touch whenever it suits you, making it easier to fit your remortgage plans around your schedule.
If you have accumulated various debts, such as credit cards or personal loans, remortgaging to release equity in Liverpool could help you consolidate them into one manageable monthly payment.
By using the equity in your Liverpool property, you can potentially secure a lower interest rate compared to other forms of borrowing, easing your financial burden.
This approach can simplify your finances and provide some breathing room, helping you regain control.
If you are in debt and want to explore your mortgage options, we recommend getting mortgage advice in Liverpool to make sure that you select the right solution for your situation.
Thinking of upgrading your home in Liverpool?
Remortgaging to release equity in Liverpool can provide you with the funds needed for home improvements, whether it’s an extension, a new kitchen, or a garden revamp.
Not only can these enhancements make your home more comfortable, but they may also add value to your property in the long run.
For those approaching retirement, releasing equity through a remortgage in Liverpool can provide a valuable boost to your income.
Whether you need to supplement your pension, fund your lifestyle, or cover unexpected expenses, accessing your property’s equity in Liverpool can help you enjoy a more comfortable retirement.
This option allows you to use your home as a financial resource while continuing to live in it.
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Liverpoolmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Liverpoolmoneyman 2025.
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Liverpoolmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Liverpoolmoneyman 2025.
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