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A remortgage to release equity in Coventry lets homeowners borrow against their property’s value for:
For personalised help, reach out to a mortgage broker in Coventry, like ourselves, who can guide you through the process.
The equity you can release when remortgaging in Coventry is influenced by your property’s market value and any remaining balance on your mortgage or other secured loans.
Other key factors include your affordability, age, and credit score, which lenders use to calculate how much equity you can access.
Our mortgage advisors in Coventry will help you navigate the process, offering clear guidance every step of the way.
Choosing to remortgage to release equity in Coventry may affect your monthly payments, as they will depend on factors such as the amount borrowed, your repayment term, and the interest rate on your new mortgage.
Borrowing additional funds could lead to higher payments.
Adjusting your mortgage term or securing a competitive interest rate may help manage your monthly outgoings, but could increase the overall cost.
For personalised mortgage advice in Coventry, we can help you explore solutions tailored to your budget and needs.
It’s possible to remortgage during a fixed-rate deal, though this usually involves paying an Early Repayment Charge (ERC). The cost of the ERC will depend on your lender and the terms of your agreement.
If the benefits, such as releasing equity or reducing your interest rate, outweigh the ERC, remortgaging may still be a good option. For tailored advice, our mortgage advisors in Coventry can help assess your situation.
If remortgaging isn’t suitable for your situation, there are other ways to access equity in your home:
Each option has its pros and cons. For detailed guidance, speak to a mortgage broker in Coventry who can explore these alternatives with you.
Yes, many lenders offer remortgage options for those over 50.
Factors like your income, credit score, and the term of your mortgage will determine eligibility. Some lenders also offer products tailored to older borrowers.
For expert mortgage advice in Coventry, speak to a specialist who can help you navigate your options and find the best lender for your circumstances.
To find out your home’s value in Coventry, you can:
Our mortgage advisors in Coventry can guide you through the remortgaging process and help you understand what your property value means for releasing equity.
Our Customers Love Us
5.00 Rating37 Reviews
K
Excellent service and guidance all the way through the process. Leo and Lizzi were very helpful in finding me the right product.
5 months ago
Diane
Very professional and kept me informed throughout the process of securing our equity release. I would recommend them especially for those who are a little unsure of how equity release works and if it's right for them
7 months ago
Diane
Very helpful, easy to get hold of when needed! Able to answer all my questions
11 months ago
Ajay
Made the process easy and understandable, presented all possible options and advised on what would be best suited for us. Always available to answer any queries or resolve any issues that arise. Would definitely use again in the future.
1 year ago
Luke
Incredibly quick, concise and professional. Regularly kept in he loop and gained all the knowledge required to be able to buy a property. Couldn't of asked for anything more and I can't thank them enough for all the help received.
1 year ago
Carol
Friendly efficient service, took their time to explain the procedure etc, I would definitely recommend them.
1 year ago
Joshua
Leo is always a pleasure to talk to. Very friendly and knowledgeable, and allows us to ask questions, no matter if we’ve asked before orbits really obvious
1 year ago
Gurjeet
Really helpful and clear.
2 years ago
Gemma
From first discussions with Tom to being passed over to Lyndsey, the whole process was easy and seamless. Everyone I have dealt with at Moneyman have been really helpful and friendly, which has helped take the stress out of applying for a...
2 years ago
Matthew
Jenny has been extremely helpful throughout the process and resolved any issues quickly. Thanks!
2 years ago
Susan
Very good service over the moon Wayne and Megan no there stuff
2 years ago
Dean
4 weeks and got my offer very good service from Wayne and Megan can not fault them
2 years ago
Anonymous
Great service
3 years ago
karan
Fantastic service. From start to finish I had everything clearly explained and the broker always had my best interest in mind. I highly recommend for first time buyers!
3 years ago
Anonymous
The service provided is personal and efficient. The team are willing to help and will try hard to meet tough timings to support an application. Would recommend
3 years ago
Thomas
Brilliant! Really helpful, did everything for us, explained the process clearly and made it all so easy! We wouldn't have gotten a mortgage without them!
3 years ago
Joshua
Really friendly advisors who are happy to answer any questions. Leo walked us through the entire process, and was happy to go over things to make sure we fully understood and were happy with everything.
3 years ago
Manpreet
Helen was really warm and friendly.
3 years ago
Hannah
Very helpful, very polite and knowledgeable! Would recommend to anybody
3 years ago
Mark
Charlie was thorough and informative. What we really liked is that he always asked if we understood what he was saying and would ask if we had any questions
3 years ago
The process begins with a free remortgage review to understand your current situation. Whether you’re looking to release equity in Coventry 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 Coventry, 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 Coventry 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 Coventry.
Our free remortgage review is the perfect starting point for homeowners in Coventry. Whether you want to release equity, reduce monthly payments, or secure a more favourable deal, our experts will assess your situation and provide no-obligation advice.
With access to thousands of remortgage deals, we’re well-equipped to find the best solution for your needs in Coventry. From fixed-rate options to flexible products, we’ll match you with the right lender for your circumstances.
Our comprehensive service in Coventry is designed to make your remortgage journey simple and stress-free. We’ll manage the application process, handle paperwork, and stay in touch with lenders, keeping you updated from start to finish.
Our mortgage advisors in Coventry are here for you 7 days a week. Whether you need support during the weekend or outside standard office hours, we’re ready to help at a time that suits you.
Equity release is a popular way to finance home improvements in Coventry, such as adding a conservatory, upgrading a bathroom, or building an extension. These improvements can enhance your home’s comfort and add value to the property.
For those in Coventry, remortgaging to release equity can fund memorable experiences, such as a family holiday, a wedding, or even planning for a milestone celebration. This is an excellent way to use your property’s value to enjoy life’s special moments.
Helping family is a common reason for equity release in Coventry. This could involve assisting with a deposit for a child’s first home or supporting education costs. It’s a way to make a meaningful impact without sacrificing savings.
Releasing equity can provide the funds needed to purchase an additional property, such as a buy-to-let investment or a holiday retreat. For those in Coventry, this can be a strategic way to diversify income or build wealth over time.
Using equity release to supplement your retirement income or clear an existing mortgage is a smart financial decision for those in Coventry. This can help create peace of mind and financial stability as you enjoy your later years.
Read our 37 Reviews
Coventrymoneyman.com & Coventrymoneyman 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: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
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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Coventrymoneyman.com & Coventrymoneyman 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: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
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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