Should I re-Mortgage With Such Good Interest Rates?
Looking in the paper this morning and we see a number of adverts advising people that now is the best time to release equity in their properties with interest rates so low.
So we decided to put some thoughts together on their stand point of advertising. Re-mortgaging your property could be a good thing but there are a large number of factors to take into account before you should be advised that now is the best time to release your equity.
Your own circumstances will be one of the main factors in making such a major decision. If your financially secure and do not need the money why would you consider it? Maybe to attract a better interest rate on the term that is left of your mortgage. Maybe you would like a nice holiday or want to further invest in more property and by releasing equity would be able to achieve it?
Whichever way we look t it re-mortgaging your property at a time when the markets are not stabilised may also be a bad idea and without professional financial advice it is best to steer clear of jumping the gun. Here at Corcillum Wealth Management we offer a free consultation so that we can establish your plans and needs so why not get in touch today on 01483 654135 if you would like to see what options you have.