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Tag: RE-MORTGAGE
RE-MORTGAGE
The risks of re-mortgaging as part of a debt consolidation programme
In the quest to manage debts more effectively, many homeowners in the UK turn to re-mortgaging as a potential solution, often incorporating it into a debt consolidation strategy. While re-mortgaging can offer benefits such as lower interest rates and simplified repayments, it also comes with significant risks that borrowers should carefully consider before proceeding. Understanding… Read more
Is there a place for day one re-mortgages?
What is a Day One Re-Mortgage? A “day one re-mortgage” refers to the process of re-mortgaging a property immediately after its purchase, sometimes literally from the first day of ownership. This type of re-mortgage allows the new property owner to refinance their property quickly, typically to access better interest rates or to release equity that… Read more