Why May You Want To Remortgage Early?
There are several reasons why you may want to remortgage early. For the most part those interested in remortgaging soon after purchasing their property are looking to generate funds. For example:- For home improvement projects or repairs. Borrowing more by remortgaging will release equity from your property in order to fund these projects.
- Alternatively you may be looking to consolidate your debts into one lower monthly payment.
- Or you may be eager to remortgage early if you were lent the money to buy your property by a family member or friend and are keen to repay them.
- Or perhaps if you purchased your property at auction with cash and are wanting to release funds in order to begin your next project.