If you have paid off a good chunk of your mortgage or the value of your house has gone up, you may have built up a lot of equity in the property. Remortgaging to release equity could be a way to accessibility additional money perhaps for home renovation, repaying short-term debts or helping with your children’s education. If you are considering this, you will need to weigh up such benefits against the longer-terms costs of doing so, and also look to see if there are any better-value alternatives.

Letter.B. This isn’t exactly like equity release since the a resource of senior years income. Learn more about old-age security launch.

What’s guarantee?

Your own equity is the portion of your home that you individual outright. Weiterlesen