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A remortgage to release equity in Durham enables you to borrow against your property’s equity, providing funds for:
With help from a mortgage broker in Durham, like ourselves, you can explore options tailored to your needs.
When remortgaging in Durham, how much equity you can release will depend on your property’s current market value and any remaining mortgage or secured loans.
Lenders also factor in your credit score, affordability, and age when determining the amount you can borrow.
Our mortgage advisors in Durham are here to guide you through the process and help you explore your options.
When remortgaging to release equity in Durham, your monthly payments could change based on the amount borrowed, the repayment term, and the interest rate.
Borrowing more or shortening the repayment period could increase your payments. Securing a competitive interest rate or extending the term might help manage monthly costs but could lead to higher overall borrowing costs.
For clear and personalised mortgage advice in Durham, we’re here to help you navigate your options.
Yes, it’s possible to remortgage while on a fixed-rate deal, but you may face an Early Repayment Charge (ERC). This fee is typically a percentage of your remaining mortgage balance and varies by lender.
It’s essential to compare the ERC cost with the potential benefits of remortgaging, such as releasing equity or accessing a lower interest rate. A mortgage broker in Durham can help you make an informed decision.
If remortgaging isn’t the right choice for you, consider these alternatives:
For personalised advice, speak with a mortgage advisor in Durham to find the most suitable approach for your needs.
Yes, those aged 50+ can still remortgage to release equity. Many lenders offer products tailored for older borrowers, with eligibility depending on factors such as income, credit score, and mortgage term length.
For tailored guidance on remortgaging in Durham, a mortgage broker can help you explore your options.
To determine your property’s value in Durham:
For help understanding how your property value impacts equity release, speak with a mortgage broker in Durham.
Our Customers Love Us
5.00 Rating19 Reviews
Jenni
Malcolm and his team were nothing short if amazing helping guide us through somewhat tricky process of buying our home. They were friendly, patient and efficient and deserve more than a five star rating. Thank you again to Malcolm and his team.
1 month ago
Joanne
Malcom, was professional and helped sercure the best mortagage deal for us. We were apprehensive about using a mortage broker as we had never used this kind of service before, but Malcom and the team made it so easy from start to finish,friendly...
2 months ago
Fiona
Very good service from Dinah. Very helpful and no pressure sales. Felt confident I got the best advice for my circumstances.
5 months ago
Katie
We could not recommend UK money man enough for helping us obtain a mortgage. As first time buyers we went into the process clueless, Malcolm and the team have been absolutely amazing. Their communication and expertise has been second to none. The...
6 months ago
Mr Darren
An amazing service from some amazing people. They where with me from start to finish and the support, guidance and advice they gave me was brilliant. I would happily recomend Durhammoneyman. Thank you to all who where involved in my case.
7 months ago
Anonymous
Great service! Very informative and responsive. Made the process for a first time buyer straight forward and went smoothly
9 months ago
Duncan
Professional all the way. Excellent advice from Wayne followed by excellent administration by Anna to complete the transaction. Would recommend.
1 year ago
Martin
Excellent Staff and Service, I would definitely use them again They were very helpful all through the process of my remortgage providing me with the best deal and assisting with any issues or concerns i had, very prompt on replies to my calls and...
2 years ago
Kayleigh
Joe and Chloe have been so helpful sorting out our remortgage. They did all the hard work. I would highly recommend Durham Money Man to anyone! Fab job guys!
2 years ago
Karen
Was very professional and very helpful.
3 years ago
Anonymous
We are very pleased with the service we received. Everything was very simple and the mortgage brokers done everything for us. The mortgage deal they found was significantly less than any we could find ourselves, so it's worth paying the broker fee...
3 years ago
Niall
Fantastic service! Amazing advice and guidance throughout my mortgage application. Would recommend Durhammoneyman to anyone!
3 years ago
Sarah
Durhammoneyman have been an absolute lifesaver in helping me to get a mortgage. Their support, advice and assistance throughout the process has been above and beyond what I could have expected. Without them I would not have been able to navigate...
4 years ago
Donna
I cannot fault the service I have received from Leo, Wendy and the team. They have made a potentially stressful process very easy, offering support and guidance throughout. I would recommend this team to anyone in need of mortgage advice. Thank...
5 years ago
Sandra
Matt was first of all hugely understanding and quite reassuring in what I knew would prove a difficult task! Under 2 years self employment history, trying to gain a second family home without selling the first and possessing a buy to let which also...
5 years ago
Louis
I had a complex situation and I was nervous about the whole thing. Chris worked his magic and got me a mortgage offer within 2 weeks. I was amazed. Working full time I found the evening appointments terrific.
5 years ago
Michelle
Thank you to Laura and Matt who worked seamlessly to get my remortgage offered. I’m really happy with my new deal, much better rate than what my bank were offering.
5 years ago
Mary
My mortgage broker was easy to get hold of and efficient. Overall my experience was good value for money. As a first time buyer I felt I had support throughout my purchase.
5 years ago
Daniel
We rang these guys when we had been promised a mortgage by our Bank who then changed their minds. To be honest we didn’t know whether or not we’d be able to get a mortgage but during the first call with Durham Moneyman we felt they understood...
5 years ago
The process begins with a free remortgage review to understand your current situation. Whether you’re looking to release equity in Durham for home improvements or reduce your monthly outgoings, we’ll guide you through the available options.
Our extensive network allows us to provide access to thousands of remortgage deals. For those in Durham, we’ll compare competitive rates and flexible options to help you achieve your goals.
We’ll handle the remortgage application on your behalf, ensuring all forms are completed accurately and on time. Our mortgage advisors in Durham will keep you informed throughout the process.
When your remortgage is approved, we’ll oversee the completion, ensuring everything is finalised smoothly. Whether staying with your current lender or switching to a new one, we’ll make the process seamless in Durham.
Our free remortgage review is the ideal way for homeowners in Durham to explore their options. Whether you’re looking to release equity, secure a lower interest rate, or reduce your monthly payments, we’ll provide expert advice tailored to your circumstances.
With access to thousands of remortgage deals, we’ll find the best match for your needs in Durham. From competitive rates to flexible options, our advisors will help you make an informed choice.
We take the stress out of the remortgage process in Durham by managing everything on your behalf. From submitting paperwork to coordinating with lenders, we’ll ensure a seamless experience.
Our mortgage advisors in Durham are available 7 days a week, providing the flexibility to access support whenever it works for you.
Releasing equity through a remortgage can help fund projects like adding an extension, modernising a kitchen, or installing energy-efficient windows in Durham. These upgrades not only enhance your home’s comfort but also increase its market value.
Using equity release is a practical way to finance special occasions in Durham, such as a family holiday, a milestone celebration, or a dream wedding. It allows you to access the value tied up in your property for life’s important moments.
Equity release in Durham is often used to assist loved ones with significant expenses, such as helping a child buy their first home or covering university tuition fees. This can be a meaningful way to put your property’s value to good use.
Whether you’re looking to invest in a buy-to-let property or purchase a holiday home, releasing equity in Durham can help provide the deposit needed. This is a great opportunity to diversify income or build long-term wealth.
Equity release can provide financial support as you approach retirement. In Durham, it’s often used to supplement pension income or clear any outstanding mortgage balances, offering greater peace of mind during later years.
Read our 19 Reviews
Durhammoneyman.com & Durhammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Durhammoneyman.com & Durhammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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