Want a Top Up on your Mortgage?
You have recently been in lockdown and you have decided that it’s time to show your home a little TLC, maybe a garden room or a BBQ area, maybe you need that extra space for that home office or your house needs facelift.
A Top-Up/Equity Release Mortgage is just the solution. We at Cleere Mortgages are happy to bring you through the process and answer any questions you might have.
How Much Can I Borrow for My Top Up Mortgage?
If you are looking for that garden room/ BBQ area we are happy to make this happen for you, however there are some conditions how much you can borrow – your home being one of them.
You can apply up to 80% of the value of your property (including your existing mortgage).
Renewable energy and other energy efficient home improvements may also be considered.
What you can borrow will depend on what you can comfortably afford to repay each month. As a general rule this should not exceed 35% of your disposable income, however this may vary according to your situation.
Talk to us about Topping Up Your Mortgage
| WARNING: If you do not keep up your repayments you may lose your home. |
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| WARNING: You may have to pay charges if you pay off a fixed-rate loan early. |
| WARNING: The cost of your monthly repayments may increase. |
| WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future. |