Re-mortgaging is a way to release equity from your property.
It works by allowing you to release equity from your property through re-mortgaging. These funds can then be used to clear personal debts.
You might be able to do this with your existing lender, or you might have to switch to another mortgage lender for the best rate of interest.
Please be aware – this type of lending could place you at a higher risk of negative equity if the value in your home drops. And if you cannot keep up the higher mortgage repayments, you could be at risk of repossession.
Please call one of our experienced advisers at TC Debt Solutions on 0800 046 3328 for advice before you proceed with re-mortgaging. It’s a serious decision and we can talk you through all the advantages and disadvantages.