Releasing equity can be a useful way to finance significant lifestyle projects, for example, renovating your home or perhaps the cost of third level education where there is a shortfall in your savings. Essentially this means topping up your mortgage and releasing equity in your home. This type of finance is suitable for larger projects and not short-term expenses, for example, going on holiday or minor alterations to your home would not be suitable. Historically some people may have released equity to purchase a property abroad.
We can do the analysis for you and match you with the best product options based on the level of equity in your home and the amount you wish to borrow. You will require a solicitor as releasing equity is like any other mortgage, however, you are not purchasing a property which makes it more straight forward and quicker. You will require an updated valuation but this can be arranged easily without any fuss by us.