Why Re-Mortgage?
1. To consolidate outstanding debt on credit cards, bank overdrafts or vehicle financing into one monthly repayment, taking advantage of the lowest possible interest rate which is available through your bond.
2. To make cheaper interest rate repayments on your current bond
3. To raise capital for expenditure on the property, such as extensions and home improvements on kitchens, bathrooms etc. These improvements will in turn increase the value of your home.
4. In order to purchase a new car, you need capital, taking out a second bond will give you the extra capital and your repayments will be at a better interest rate.
5. When raising capital for a new business or car, you can be charged crippling interest rates. However, by raising a 2nd bond on your home, you can borrow the money at a cheaper rate.