Release equity

If you need to get your hands on some cash, and you have sufficient equity in your property, you could opt for a remortgage.

When you remortgage to release equity, you simply increase the size of your mortgage. Most lenders will allow you to do this and borrow more money at the same rate of interest, provided that you do not exceed the agreed maximum loan-to-value specified by the terms and conditions of your existing mortgage.

Note that if your property has fallen in value since you took out the mortgage, you may not be permitted to remortgage with your existing lender. Likewise, you have no meet their lending criteria, which may have tightened since you took out the original mortgage.

If you are considering remortgaging to release equity, it could make sense to speak to a fee-free adviser.

Click here to check out the latest remortgage deals.

Why not visit our calculators to find out how much your remortgage could cost?

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Guide to equity release considerations

Equity release may not be the right option for everyone, so consider carefully whether it is right for you.

Cash to splash

Guide to remortgaging to release equity

If the value of your home has increased since you took out your mortgage, then you may want to consider releasing some equity via a remortgage.

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danger
Guide to equity release considerations

Equity release may not be the right option for everyone, so consider carefully whether it is right for you.

Cash to splash
Guide to remortgaging to release equity

If the value of your home has increased since you took out your mortgage, then you may want to consider releasing some equity via a remortgage.

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