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Can you remortgage if you are mortgage free?
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kmoggy
Posts: 36 Forumite
We are in a fortunate position of being mortgage free but looking do some home improvements. Can we remortgage to finance it or would we need to take a loan out? All loans I've seen are 5/7 years term and quite high interest, I was looking for a longer term repayment.
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Comments
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Yes you can!
Assuming you own the house.0 -
Yes we do but there is currently no mortgage in place.0
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Yes it’s called mortgage on an unencumbered property.0
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I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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