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A remortgage to release equity in Leicester is a great way for homeowners to borrow against their property’s value, gaining access to funds for:
To make the most of this opportunity, work with a mortgage broker in Leicester, like ourselves, who can help secure a deal suited to your needs.
The equity you can release when remortgaging in Leicester depends on your property’s market value and any outstanding balance on your mortgage or secured loans.
Lenders will assess your age, affordability, and credit score to decide how much you can borrow.
Our mortgage advisors in Leicester are here to simplify the process and help you secure the most suitable deal.
Remortgaging to release equity in Leicester may impact your monthly payments, depending on the amount borrowed, the repayment period, and the interest rate on your new mortgage.
Additional borrowing might result in higher payments.
Extending the term could reduce monthly costs while potentially increasing the total amount payable over the loan’s duration.
For professional mortgage advice in Leicester, we’ll help you find an option that aligns with your financial needs.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
Remortgaging during a fixed-rate deal is possible, though you may incur an Early Repayment Charge (ERC). This fee is calculated as a percentage of your remaining mortgage balance and depends on your lender’s terms.
If the benefits of remortgaging, such as accessing equity or reducing your interest rate, outweigh the cost of the ERC, it may be worth considering. Speak to a mortgage broker in Leicester for expert advice.
If remortgaging doesn’t meet your needs, other equity release options include:
A mortgage advisor in Leicester can guide you through these alternatives to find the most suitable solution for your needs.
Yes, those aged 50+ can remortgage to release equity. Lenders offer products tailored to older borrowers, with eligibility based on factors such as your income, credit score, and remaining mortgage term.
For tailored advice, speak to a mortgage advisor in Leicester to explore your options.
To find out your property’s value in Leicester:
Understanding your home’s value is an important step in releasing equity. A mortgage broker in Leicester can guide you through the process.
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5.00 Rating32 Reviews
Anonymous
Very professional. Kept me informed every step of the way. Explained the mortgage application process fully. Found me another lender immediately, after my first application got rejected.
2 months ago
Anonymous
I found Moneyman to be very professional and easy to work with. They explained everything clearly, kept me informed throughout the process, and were always easy to contact. I especially appreciated the personal touch of having a video call, which...
6 months ago
Anonymous
Great and knowledgeable advisor, Leo has been helping every step of the way and was able to answer lots of questions and provide lots of advise. Highly recommend using Leicestermoneyman
6 months ago
Emma
Beyond happy with our experience with moneyman. Quick responses, helpful and friendly. Definitely went above and beyond our expectations. Wouldn’t trust anyone else. Thank-you!
7 months ago
Neil
Highly recommend Leo Shakespeare! Leo has been very helpful, approachable and informative - we will be recommending him to others who are buying a home.
7 months ago
Elizabeth
I approached moneyman with an urgent problem of remortgaging my property within a deadline of 2 months or I loose my property .I was professionally welcomed by Paula and her 2 other colleagues who gave me advice and options of what I can do ....
10 months ago
Simon
Brilliant service thank you for all your help
1 year ago
Dawid
Excellent
1 year ago
Grant
Very fast friendy service, any questions were answered throughly and quickly and the whole service from start to finish was smooth and stress free.
1 year ago
Lucy
Excellent service from start to finish! Chris kept us fully informed and answered all of our questions throughout. He took the pressure off us and was professional throughout! Highly recommend!!
1 year ago
Rebekah
Jo and Chris were extremely helpful. Got everything done so quickly!
1 year ago
Joanne
It was smooth, took all the stress of reseaching the best mortgage. Easy access to appointments. TOM was great and understanding
2 years ago
Bhaven
Very very good thank you
2 years ago
Zubair
Charlie was very easy to talk too and made things easy and simple to understand and explained our options in detail which really helped us through the process as first time buyers.
2 years ago
James
Jason and his colleagues at UK Moneyman have been amazing from the start. When we began the process of house buying and finding a mortgage we knew very little, but Jason explained much to us in a telephone consultation and outlined all our options....
2 weeks ago
Samantha
Very impressed, service was really good and efficient and anything g that needed explaining was done very clear. Would definitely recommend
2 weeks ago
Shelline
Leo Shakespeare and Stacey Jopling has work long side each other to made this entire journey extremely smooth and informative as a first time buyer. His service has been phenomenal. I had been rejected from many other brokers and banks and he...
3 months ago
Nafesa
I have been dealing with Wendy and Malcolm in regards to my house purchase and I could not recommend these enough. A true credit to the company. Very efficient with communication and solving any issues that needed to be addressed. Would highly...
5 months ago
Anonymous
Incredibly helpful, supported throughout whole process
5 months ago
Nazeef
Fantastic experience. Charlie helped me race through to secure the most suitable mortgage offer, best plan for life and critical illness insurance. Very approachable and responsive even with any queries I had after everything was completed.
6 months ago
The process begins with a remortgage review to understand your current situation.
Whether you’re looking to release equity in Leicester for home improvements or reduce your monthly outgoings, we’ll guide you through the available options.
Our extensive network allows us to provide access to thousands of remortgage deals.
For those in Leicester, we’ll compare competitive rates and flexible options to help you achieve your goals.
We’ll handle the remortgage application on your behalf, ensuring all forms are completed accurately and on time.
Our mortgage advisors in Leicester will keep you informed throughout the process.
When your remortgage is approved, we’ll oversee the completion, ensuring everything is finalised smoothly.
Whether staying with your current lender or switching to a new one, we’ll make the process seamless in Leicester.
We provide a remortgage review for homeowners in Leicester, helping you understand your options.
Whether you’re looking to release equity, secure a lower interest rate, or reduce your monthly payments, we’ll offer tailored advice with no obligation.
Our access to thousands of remortgage deals means we can find the perfect solution for your needs in Leicester.
From competitive rates to bespoke products, we’ll match you with a deal that works for you.
Our service in Leicester is designed to make your remortgage journey as easy as possible.
We’ll handle the application process, complete all paperwork, and coordinate with lenders, keeping you informed every step of the way.
Our mortgage advisors in Leicester are here to assist you 7 days a week, ensuring you can access support whenever it’s most convenient for you.
Releasing equity can fund significant home upgrades such as adding an extension, modernising a kitchen, or converting a loft. These projects not only improve your living space but can also enhance the property’s overall value.
Equity release is often used to finance memorable life events, such as a family holiday, a wedding, or celebrating a milestone anniversary. It’s a great way to enjoy your property’s value for life’s special moments.
Many choose to release equity to provide financial support for family, such as contributing to a deposit for their first home or assisting with educational costs. It’s a practical way to use your property’s value to help loved ones.
Releasing equity can provide the deposit needed to purchase a second property, such as a rental investment or a holiday home. This can create opportunities for rental income or long-term financial growth.
Equity release can offer additional funds as you approach retirement, whether it’s to supplement your pension, pay off an existing mortgage, or improve financial flexibility in later years.
Read our 32 Reviews
Leicestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Leicestermoneyman 2025.
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Leicestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Leicestermoneyman 2025.
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