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Remortgage to release equity
lightbeans
Posts: 97 Forumite
We bought a house in a very poor state in January this year, and by the end of this year it will have been 90% renovated and hopefully substantially increased in value.
I want to release some equity in order to pay off some debts and final renovations. Is this as simple as finding a new mortgage deal, paying for a new valuation and (assuming it's higher) borrowing slightly more?
Is there any chance I could get my existing provider to do this - I am with the sharetobuy deal which was by far the best rate last time I looked around, or are they less likely to do this for existing customers?
I want to release some equity in order to pay off some debts and final renovations. Is this as simple as finding a new mortgage deal, paying for a new valuation and (assuming it's higher) borrowing slightly more?
Is there any chance I could get my existing provider to do this - I am with the sharetobuy deal which was by far the best rate last time I looked around, or are they less likely to do this for existing customers?
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