Remortgage at a better rate and potentially release the equity in your home

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Remortgages

Due to the large range of mortgages available today, lenders have become more competitive. You can therefore remortgage at competitive rates and potentially save money at the same time. At Mayday we specialise in arranging fast remortgages whatever your circumstances and we’ll also help you fill in all the necessary paperwork.

How Mayday Can Help?
You may be paying more on you mortgage than you need to. If you’re one of these people Mayday may be able to offer you a better rate. This translates into less money going out on your mortgage payments and more money going in your pocket!

Raising Cash
If you’re a homeowner you may have thousands of pounds worth of equity built up in your property. Remortgaging can release some of that equity and you can raise money for home improvements, debt consolidation, university fees, a deposit on a second home abroad or any other legal purpose.

Debt Consolidation
If you are burdened with credit card, personal loan, hire purchase and/or store card payments then consolidation may be an option. If you have equity in your property Mayday can help you remortgage to release money to pay off all your debts and consolidate into one easy to manage monthly payment. It is important to note that adding existing debt to your mortgage will increase both the repayment term and the overall cost.

Buying Out Your Partner
If you have taken out a joint mortgage with your partner or friends and you decide to go your separate ways, it can be a difficult to know what to do with the property and the mortgage. Mayday can help you remortgage the property to buy your partner or friends out by releasing their share of the equity and transferring the mortgage into your sole name.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
A broker fee may be charged. The precise amount will depend on your circumstances but it will usually be £1950 (0 to 3%) and is paid only on completion. Please ask for a personalised illustration. The overall cost for comparison is 8.2% APR.