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Why Would I Need A Second Mortgage? | Mortgage Advice in Liverpool

Most people take out a single mortgage, but there’s plenty of reasons why you may want to take out a second mortgage. Here in this article, we will cover some common scenarios our Mortgage Advisors in Liverpool have come across to why you may require another mortgage:

  • Do you need a second mortgage to raise money for your existing home?
  • Are you looking to rent out your current home and purchase a new one?
  • May you be looking to help your children or grandchildren onto the property ladder?
  • Are you looking to purchase a buy to let investment property?
  • Your name is on an existing mortgage, and you are looking to purchase a new property?

Do you need a second mortgage to raise money?

If you currently have equity in your home and are looking for a second mortgage to release some of this equity, then we can help whether you are looking to release equity to fund another purchase, home improvements or something else.

If you are looking for Remortgage Advice in Liverpool, we can help explore all of your options. In any case, if you are currently on your lenders’ standard variable rate of interest, we can find a more competitive deal along with releasing your capital. A further advance from your current lender could also be an option here.

Are you looking to help your children onto the property ladder?

Suppose you are looking to help your children or grandchildren onto the property ladder in Liverpool. There are many products out there on the market that could help you achieve this. For a free mortgage consultation and to run through your options, please don’t hesitate to get in touch.

Are you looking at a Buy to Let in Liverpool?

If you are looking for an additional mortgage to purchase an investment property, we can help you through the whole process. Whether you are a first-time landlord or portfolio investor, we can offer to buy to let mortgage advice in Liverpool.

Named on an existing mortgage and want to buy a new home?

Firstly, this is a situation that we come across quite often, usually due to divorce or separations. Whatever your situation, if you are currently named on another mortgage and would like to purchase a new property to live in.

How we can help | Mortgage Advisors in Liverpool

For open & honest mortgage advice in Liverpool, please contact us. We can search 1000s of products on your behalf to find you the best deal tailored to your circumstances.

Mortgage Advice in Liverpool

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