Remortgaging is when you change mortgage provider, which can also help you to raise additional cash by releasing equity locked in your property.
This makes it an easy way to raise funds for almost any purpose, be it home improvments such as a loft extension, conservatory or garden landscaping, through to family weddings, a holiday of a lifetime or even to use the equity in your property to consolidate other debts at a better rate than your current creditors can offer you.
An example is that if you currently have a mortgage that started at £100,000 but your property value has increased to £180,000 , you could potentially remortgage at a higher rate to release some of that extra £80,000. Of course your monthly payments are likely to be higher, but this depends on your current mortgage.
Just complete the easy to follow form above and start the ball rolling.