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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Remortgaging top reason for mortgage applications via brokers

Remortgages accounted for 37% of all mortgage cases handled by intermediaries in the third quarter of the year, data from lender Paragon has shown.

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Equity release: buyer beware

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

Cash to splash

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.


How to remortgage

When your mortgage deal comes to an end, you may want to shop around for a new product. This is known as a remortgage.

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Ask Paula


If you have a question about mortgages or homebuying, why not ask Editor in Chief Paula John?

Paula is CeMap qualified.

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Equity release market grows 26% in H1

Equity released by homeowners rose by 26% to £641.8m in H1 2014 compared to the same period last year, analysis from provider Key Retirement Solutions has shown.

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Widely regarded as the UK's definitive consumer mortgage awards, for 22 years the Your Mortgage Awards have recognised and rewarded those lenders and providers that have offered the very best products and services to mortgage borrowers over the preceding 12 months.

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