Tips remortgage to release collateral out of your possessions 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 access extra 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. N.B. It is not like equity launch given that a source away from old age earnings. Discover more about retirement collateral launch. What’s collateral? Your security is the part of your home which you very own downright. It’s the difference between the amount remaining to invest on your own mortgage and property’s market price. Guarantee is comparable to mortgage-to-worth (LTV) proportion, which is […]