It’s surprising how many people get “itchy feet” just a few short years after purchasing a house, flat or other type of residential property, and if the market is in their favour then they can sell, take a nice profit and move on, whilst those less fortunate may have to remortgage in order to extend, buy that boat or even to put a deposit down on another property. |
To be fair, those last are not “unfortunate” at all. They may love where they live but have spotted an opportunity whereby they can enhance the property via a remortgage. When the market recovers they will then be in an even better position to sell should they need to as their property will be in top notch condition, and as with anything else, the condition of your house is a huge selling point – or a huge put off.
In most cases having that remortgage has paid dividends to the extent that when the property market starts to recover the house in question is eminently saleable without any further major work needing to be undertaken – and that is all due to hard work on the part of the owners, and that all important cash injection from the remortgage.
About the Author: This Article is written by Arjen Ricci. For more about by Remortgage & mortgage, please visit us .
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