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By remortgaging to release equity in Scunthorpe, homeowners can borrow against their property’s value, whether it’s for:
Speak with a mortgage broker in Scunthorpe, like ourselves, to explore deals suited to your needs.
When remortgaging in Scunthorpe, the amount of equity you can release depends on your home’s current value and the balance of any secured loans or mortgage.
Lenders will evaluate your affordability, credit score, and age to calculate how much they’re willing to lend.
Our mortgage advisors in Scunthorpe will work with you to make the process as smooth as possible.
Remortgaging to release equity in Scunthorpe is likely to affect your monthly payments, depending on the amount borrowed, the term length, and the interest rate.
Additional borrowing could increase your payments. Adjusting the repayment term might help reduce monthly costs but could lead to higher overall interest.
Get professional mortgage advice in Scunthorpe to find a deal that works for your financial situation.
Yes, remortgaging during a fixed-rate deal is possible, though you may need to pay an Early Repayment Charge (ERC). This fee is typically a percentage of your remaining mortgage balance.
Weigh the ERC cost against the benefits of remortgaging, such as releasing equity or securing a lower interest rate, to decide if it’s the right choice. A mortgage broker in Scunthorpe can guide you through the process.
If remortgaging isn’t suitable, you could consider:
For tailored advice, a mortgage advisor in Scunthorpe can help you explore these options and choose the most suitable solution.
Yes, remortgaging is an option for those aged 50+. Many lenders offer products designed for older borrowers, with eligibility based on your income, credit history, and remaining mortgage term.
For expert guidance, consult a mortgage broker in Scunthorpe to find the best remortgaging solution for your needs.
To find the value of your home in Scunthorpe:
A mortgage advisor in Scunthorpe can help you use your property’s value to explore equity release options.
Our Customers Love Us
4.83 Rating18 Reviews
Jayne
Dinah Harros was our mortgage broker and she was extremely polite, professional and diligent. She took time to really listen and understand our financial situation and recommend the perfect mortgage product for us. Dinah was easy to contact and...
9 months ago
Donna
FANTASTIC AND OUTSTANDING SERVICE!! Unfortunately the purchase of our new home was rather difficult, we had devaluations and chains falling through, so to say the least it was testing!! we had a very stressful, hard 7 months to get to the...
1 year ago
Stuart
Dealt with my mortgage arrangement and application in super quick time. Very efficient and would recommend to everyone.
2 years ago
Rebecca
Leo and Lyndsey were fantastic! No issues at all, and all very quick and efficient. Thankyou so much
2 years ago
Anonymous
She was so helpful. I felt hopeless after just having my mortgage declined by a high Street bank and she's given me some hope again.
3 years ago
Akvile
Amazing and really friendly service. Really glad I choosed this company for my remortgage. I would definitely recommend this company to everyone
3 years ago
Jonathan
I would highly recommend Scunthorpemoneyman to anybody needing the service. They have been very quick to respond to any questions and I have had to do next to nothing through the hole process they have handled everything brilliantly.
3 years ago
Samanatha
Fantastic advice and guidance throughout the full process. Malcolm and his team were extremely knowledgeable, efficient and responsive during our mortgage application. When we came across obstacles, these were dealt with quickly and advice given on...
4 years ago
Amelia
Absolutely fantastic service from all at Scunthorpe money man. The staff are so friendly and helpful, nothing is too much trouble, any questions answered. Kept up to date all the way through, I would recommend to anyone. Many thanks for all...
5 years ago
Samantha
Outstanding service from start to finish with every member of the team helpful and friendly. I could rely on them for advice and updates at all stages.
5 years ago
Thomas
Wow..... what a fantastic team they are Matt,Mel and Wendy did a fantastic job for me been messed around by other brokers in the past but from the very first phone conversation I knew they had my best interests. Fantastic communication always kept...
5 years ago
Anonymous
Thanks so much to the team. You made everything so easy and clear. I would highly recommend your services.
5 years ago
Richard
Great communication from start to finish and even after finding a mortgage deal for us Jason kept looking and found a even better one at .5% less
6 years ago
Jayne
A fabulous company to deal with who put my mind at ease and everything that they required in the manner of documentation was never a problem, Matt, Leanne and Wendy kept in constant contact with me and gave me a 5 star service, in actual fact it was...
6 years ago
Kenneth
I can’t thank Matt and Mizna enough for all there help and hard work! Nearly time to sign for our house and it wouldn’t have been possible without the help of Scunthorpe Money Man! Thank you all!!
6 years ago
Sophie
Absolutely fantastic staff! I stumbled across Scunthorpe Money Man on google, with just one call the ball was rolling...fast, efficient, friendly and supportive. People say mortgage applications are stressful and boy they are not wrong but with the...
6 years ago
Chris
Very happy with the service provided, Excellent service from start to finish. I would definitely recommend Scunthorpe Moneyman and would use them again in the future. 5* Experience.
7 years ago
The process begins with a free remortgage review to understand your current situation. Whether you’re looking to release equity in Scunthorpe for home improvements or reduce your monthly outgoings, we’ll guide you through the available options.
Our extensive network allows us to provide access to thousands of remortgage deals. For those in Scunthorpe, we’ll compare competitive rates and flexible options to help you achieve your goals.
We’ll handle the remortgage application on your behalf, ensuring all forms are completed accurately and on time. Our mortgage advisors in Scunthorpe will keep you informed throughout the process.
When your remortgage is approved, we’ll oversee the completion, ensuring everything is finalised smoothly. Whether staying with your current lender or switching to a new one, we’ll make the process seamless in Scunthorpe.
We provide a free remortgage review for homeowners in Scunthorpe, offering personalised advice to help you explore your options. Whether you want to release equity, lower your monthly payments, or switch to a better deal, our team is here to assist you.
With access to thousands of remortgage deals, we can find the best solution for your needs in Scunthorpe. Whether you’re seeking fixed rates or flexible options, we’ll match you with a deal that fits your goals.
Our service in Scunthorpe is focused on taking the stress out of the remortgage process. From managing your application to handling all necessary paperwork and liaising with lenders, we’ll ensure a seamless experience from start to finish.
Our mortgage advisors in Scunthorpe are available 7 days a week, making it easy for you to access support at a time that works for you, including evenings and weekends.
Equity release can help fund home improvement projects like upgrading energy efficiency, renovating key living areas, or building extra space such as a conservatory. These upgrades can improve comfort while adding value to the property.
Using equity release for special occasions like a wedding, a luxury holiday, or celebrating an anniversary is a popular choice. This approach allows you to unlock the value of your property for important life moments.
Releasing equity can assist with financial support for loved ones. This might include contributing to a deposit for their first home or helping with education fees, offering meaningful assistance without dipping into savings.
Releasing equity can provide the funds needed to invest in a second property, whether it’s a buy-to-let or a holiday retreat. This option can provide potential income and expand your investment portfolio.
Equity release is a practical solution for those preparing for retirement. It can provide funds to clear any outstanding mortgage balances or supplement pension income, ensuring financial stability during later years.
Read our 18 Reviews
Scunthorpemoneyman.com & Scunthorpemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Scunthorpemoneyman.com & Scunthorpemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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