I need some cash quickly. How do I go about remortgaging my house?

Asked by ormondxudun

19 Answers

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Answered by Paul Skinner, IFA in Odiham, HAMPSHIRE
If you need money quickly then remortgaging is probably not the best idea. Remortgaging can take anything from 2 weeks to 8 weeks.

However if you do need to remortgage then I would recommend using an independent broker as they will be able to advise on the quickest way to remortgage and help prevent any delays in the process.

Please feel free to contact PKS if you want some truly independent advice.

Kind regards

Paul Skinner
PKS - Mortgage & Insurance Experts
T: 0845 226 5009
W: pks.org.uk | 10.20.12 @ 06:26
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
Answered by trevor mackey, IFA
The quickest way to borrow m oney is to approach your existing lender first. They already have your mortgage and may be able to provide additional finance in days. You colud also look at a secured loan, like a second mortgage. This might be useful if you are already tied into a good mortgage product and either do not want to lose it or if you have early repayment charges if you remortgage. You could also look at a personal loan wich you could have in your bank account in a matter of hours. This may be more expensive but is short term lending without increasing debt borrowed against your home. Few people are remortgaging at this time as it is not very rates and fees do not make it very attractive. | 10.20.12 @ 16:38
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
Answered by trevor mackey, IFA
Correction.

This may be more expensive but it is short term lending without increasing debt borrowed against your home. Few people are remortgaging at this time as rates and fees do not make it very attractive. | 10.20.12 @ 16:42
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
Answered by Paul Skinner, IFA in Odiham, HAMPSHIRE
Sorry to disagree Trevor, but people ARE remortgaging and taking advantage of the lowest mortgage rates in history! How can a rate below 1.5% NOT be attractive? | 10.20.12 @ 17:47
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
Answered by trevor mackey, IFA
I said few, I am on 2.59% and because of fees have not been able to get better deal. 1.5% is fantastic but what are fees and what is ltv? Is this best option for quick cash, which was the question? As always you must look at all options and choose most suitable for client. | 10.20.12 @ 19:46
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
Answered by Paul Skinner, IFA in Odiham, HAMPSHIRE
Trevor, you said that the quickest way was to get a further advance, which is not necessarily true. I said remortgaging was NOT the quickest.

Trevor, if you are a mortgage broker then you should know the answers. If not, then you have no right answering such a question, since your answer could be seen as giving regulated advice. | 10.21.12 @ 08:00
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
Answered by trevor mackey, IFA
I appear to have offered a range of solutions. Neither you nor i are giving advice here we are answering one quesiton in isolation. None of the options will suit everyone and I do agree with you that it is important to seek advice. I will not question your credentials as I am sure like the vast majority of mortage brokers your knowledge of the market will be excellent and your advice sound. For all you or I know none of the optinons might be suitable or available depending on circumstances. | 10.21.12 @ 14:08
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
L
Answered by linda.03thomas
There are so many sources from where you can get this quick cash. Internet is a good place at where you can find good lenders, some lenders provide remortgage loans, you can get details from their websites.
payday loans | 06.06.13 @ 13:32
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
L
Answered by linda.03thomas
There are so many sources from where you can get this quick cash. Internet is a good place at where you can find good lenders, some lenders provide remortgage loans, you can get details from their websites.
payday loans | 06.06.13 @ 13:34
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
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Answered by kobemcklain
With the competitive market it been quite easy these days to find a good option if someone is likely to go for remortgage. Every lender would have different norms, make sure that you too are quite aware of the market and before dealing with any other lender one should always have words with the lender to whom their mortgage is being kept. Try to search online and even you can compare it with each other and the best is all what to be chosen. moneyshop | 06.21.13 @ 11:09
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
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Answered by kevin.03thomas
Remortgaging is not so simple thing; it really takes much time as well as many efforts. I think that you must try something easy which you can easily afford, like short term Cash Loan, you can easily get this short term loan after filling a simple online application form. | 06.28.13 @ 15:08
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
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Answered by denny.03watson
There are some very nice money lenders which provide personal loan at lower rate of interest. If you need some small amount of money then you should go for short term personal loan or payday loans which is very convenient and fast alternative for getting immediate financial help.
kwik quid | 07.02.13 @ 13:58
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
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Answered by denny.03watson
If you really need money urgently then remortgaging is a bad choice, because remortgage loans takes lots of time in loan sanction. The loan sanction process for remortgaging is really a bit lengthy, so you should go for any other personal loan which takes less time to approve.
12 month loans lenders | 07.05.13 @ 15:09
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
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Answered by alea.03robert
Remortgaging is not the solution for immediate financial need. There are many other options which can be helpful to get immediate financial help on urgent money requirement. Remortgaging can really takes much time to sanction.
Kwik Cash mini credit
| 07.13.13 @ 13:24
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
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Answered by almond.03thomas
If you and your ex-wife are named together on a mortgage home loan, then you should talk to your mortgage lender first about having insurance. You mortgage lender and insurance company can tell you better about the situation.
mini credit loans | 07.19.13 @ 06:02
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
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Answered by kobemcklain
There are many people who are going for remortgaging as they are getting the facility of lower rates. Today we have many such companies and lenders who are providing quick cash according to your need with quite low rates. And while having such facility, why one won’t be acquiring it for improving their state of living.
Payday Loan | 07.20.13 @ 12:50
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
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Answered by robin.03thomas
A remortgage loan is the method of just paying off your one mortgage loan with the profits from another fresh mortgage loan using the same property which you have as security. You must check eligibility for remortgage loan with some mortgage lenders; if you are fit as per the eligibility criteria then you can get this loan.
money advice | 07.22.13 @ 04:55
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
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Answered by kathy.03thomas
Applicant should understand that remortgaging is not a small and easy process, it really takes much time, and if you need money urgently then you are choosing wrong choice. In case of emergency you need to go for other small financial loan which takes less time to approve.
UK payday info | 07.24.13 @ 06:07
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
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Answered by kobemcklain
As Home Equity Loans is good option to go for remortgaging as the interest rate would be low, but one has to quite aware that you are agreeing to put your home as collateral. If you are not able to make the payments you are going to lose one of your biggest parts of life. Plan out good budget and manage your finance to get a good hold on your savings.
The Money Shop | 08.06.13 @ 11:05
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 22:35
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Answered by

Paul Skinner
Paul Skinner, IFA in Odiham, HAMPSHIRE

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