It is possible to remortgage early, however, we recommend that you check the terms of your current mortgage as you may need to pay an early repayment charge (ERC) if you end your deal early.

When the value of your home is more than the amount you owe on your mortgage, this is called equity. If you have enough equity in your home, it might be possible to borrow more on your mortgage. Also known as 'releasing equity'. This could be for a number of reasons, including a new dream kitchen or bathroom.

Whatever your reason for releasing equity, it’s worth remembering that it’s still a loan and will therefore be subject to interest. In some cases, releasing equity may not necessarily be the best option, but this is where we can help. Our team will be able to advise on the most suitable options, and Furness Building Society products, based on your circumstances.

Make an appointment to review your options by calling 0800 781 4311.

If your reason for remortgaging is for a home improvement project or an extension, then you may be able to borrow more by remortgaging with us. Our advisors will review your circumstances and advise you on your options. To make an appointment, call us on 0800 781 4311.

If you’re already a Furness mortgage customer, you could be eligible to borrow more on your mortgage through our Additional Borrowing products. For more information on remortgaging for home improvements, take a look at our remortgaging guide. 

If you’re a landlord, please head over to our Buy-to-Let mortgages.