Many people have equity tied up in their property and many people have bills to pay and home improvements needed.
Capital raising is a means by which money could be released from a property and ‘added’ onto the mortgage. This is not something to be taken lightly but can be an efficient way of raising the money required to carry out home repairs or improvements which could also add value to your home.
Whatever the reason for capital raising there maybe lenders willing to help you achieve your goals and here at Brilliant Money we have qualified advisers who are able to guide clients and show them the best way to release their capital.
A common reason for capital raising is Debt Consolidation. Capital raising for debt consolidation can be facilitated and there are a growing number of lenders who will allow capital raising for this purpose. It could allow someone to pay off debts such as loans, credit cards or consolidating any secured loans.
This can only be undertaken if consolidating these debts will provide a clear advantage and will reduce monthly outgoings so that they can take a firm grasp of their finances. There are a range of lenders who will allow capital raising for this purpose including one or two who will allow a customer to raise up 95% loan to value for Debt Consolidation.
Here at Brilliant Money we have access to the whole of the market and can assist with your Debt Consolidation enquiry. Our qualified and professional advisers will assist every client on an individual basis and help them judge whether or not debt consolidation is the right choice for them.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage
