The house market trend of recent years could mean that the value of your property has increased in value from when you first secured your mortgage, resulting in a large amount of positive equity. Releasing equity is proving to be a popular decision for homeowners and is an excellent way to raise finance. There are two main ways to release equity from your home – remortgaging and secured loans.

A remortgage simply means you end your current mortgage, changing to a new mortgage with a new lender. This is a good way to release money from your house as you can secure a larger mortgage, reflecting the market value of your home. With the financial market becoming more competitive it is not unusual for homeowners to switch mortgage lenders for an improved deal, and remortgaging is an excellent way to raise additional finance for consolidating existing debts, home improvements or purchasing luxuries such as cars and holidays. Releasing equity from your home gives you financial freedom for any purpose. To release money from your house, remortgaging is the cheapest option.

You can also release money from your house with a secured loan, otherwise known as a home equity loan. With a home equity loan you can often borrow up to 100% LTV, releasing the equity within your home. A secured loan, like a remortgage is secured against your home, and can therefore offer more deals, dependent upon individual circumstances, with low interest rates.

If you would like to release money from your house please complete our online application form and our dedicated team at Remortgageexplorer will find you a unique remortgage plan from one of our mortgage lenders.