Mortgage Holders
Did you find yourself splurging during the Christmas season, only to now face the looming presence of a substantial credit card bill? Perhaps you’re bracing for the impending tax bill or have noticed a gradual uptick in your monthly expenses. If any of these situations resonate with you, it’s time to consider using the equity in your home for a range of practical purposes.
Unlocking the equity in your home offers a versatile solution to various financial needs, whether it’s to regain control over your finances, embark on exciting home renovations, expand your property portfolio, support a loved one’s entry into the housing market through a gifted deposit, cover education expenses, or treat yourself to that dream vacation.
Using the equity from your home can help for many reasons, from clearing debt to getting that new kitchen you have always wanted or the following:
- Consolidating debts to manage monthly outgoings
- Renovations, big or small
- Raising funds to purchase another property
- Giving a family member a helping hand to get on the property ladder (gifted deposit)
- University/school fees or that new car or holiday
Mortgage Holders | Credit history
Have you hesitated about pursuing a new loan due to past credit hiccups? Are you reluctant to jeopardise your current mortgage’s favourable interest rate? Do you question your ability to manage an additional loan, or are you simply uncertain about where to begin? At Connect Mortgages, we’re here to guide you through the process and provide you with a wider array of options than you might have imagined.
Our dedicated team can assist you in gaining a comprehensive understanding of the possibilities available to meet your specific needs. These solutions might include a Second-Charge loan, a Remortgage, or a Further Advance depending on your unique circumstances.
We’ll carefully assess your financial situation and requirements when you connect with us. We’ll also thoroughly evaluate your existing lender’s offerings to ensure that you retain any preferential benefits associated with your current mortgage. We aim to tailor a solution that perfectly aligns with your financial goals and preferences.
Mortgage Holders | Case study
To illustrate the impact of our services, consider the case of Mr and Mrs Webb, who were grappling with mounting credit card debt and loans stemming from home improvements and a memorable holiday. With their mortgage and other financial obligations rising, their monthly payments had become a significant burden.
By strategically refinancing their loans and credit card debt onto a secure second-charge mortgage with an extended repayment term, we slashed their monthly commitments by an impressive 50%. This transformation in their financial situation showcases the tangible benefits of our expertise in securing second-charge mortgages.
Mortgage Holders | How Connect can help
Our experienced advisors are ready to engage with you and explore all available options, shedding light on how second-charge mortgages can significantly reduce your financial outlays. Moreover, we’ll conduct a comprehensive comparison, pitting this solution against other potential avenues, including further borrowing from your existing lender or pursuing a remortgage, ensuring that you receive the most suitable and advantageous solution tailored to your unique circumstances.
Mortgage Holders | What to do next
When it comes to navigating the complexities of second-charge mortgages, remortgages, further advances, debt consolidation, property investment, or assisting a family member in climbing the property ladder, you can rely on Connect Mortgages to be your trusted partner in securing your financial well-being.
“Book a Call” with us today, and let’s get rid of your Christmas financial hangover with the purpose of embarking on a better tomorrow with Connect Mortgages.
We’ve come to the end of our publication on “Mortgage Holders | Do you need money fast?” Until next time, stay Connect!
