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Whether you have an existing residential mortgage or even a lifetime mortgage, the process & principle's are the same.
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It can be possible to remortgage even with financial difficulties with a poor financial status to save money and get a better deal.
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Switching to a new mortgage can help you release some Equity release vs secured loan from your home, providing a useful source of cash.
Do note that, if you opt to release money from the reserve, Retirement Interest Only Mortgages Calculator will be charged on the additional amount released at the prevailing rate.
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