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Car Finance

Car Finance
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Finance Your Next Car - Remortgaging

If you're a homeowner with a property worth more than your current mortgage loan, you can take out a bigger mortgage - possibly at a more favourable rate - and pocket the extra cash. This 'equity release' lets you finance a new car, a dream holiday or whatever.

With low interest rates on home loans, equity release sounds great. But:

  • There can be arrangement, survey and legal fees to pay.
  • You'll still be repaying the mortgage when the car is a distant memory!
  • Interest rates could rise in the future, leaving you paying more.