• Debt: For individuals who already have expenses, you might wait before mortgaging a keen unencumbered possessions. Your points may be the secret home financing agent can supply you with bespoke advice for so it, please remember discover pro remortgages readily available for combining your debts.

A home loan into the property possessed downright isn’t any different from various other mortgage. Lenders will would the fundamental examination around your income, value, loan so you’re able to well worth (LTV) and you may one loans you may be from inside the. Lenders might consider your aspects of remortgaging.

Their a career standing and you will years gets an impact on the fresh deals and you may mortgage issues you qualify for. There are many, of many variables that can impact, so that the best way to find out what to expect create end up being to dicuss to an adviser out-of Think Plutus. You could tell your agent about your issues and you can they shall be able to get the very best financial price for your requirements.

Unencumbered remortgage into the a property in bad standing

It is not uncommon to possess traders purchasing dilapidated qualities outright that have bucks, which they will likely then refurbish to sell to own money or rent. Read the rest of this entry »