Mortgage chat: I'm coming to the end of the fixed interest rate period (bank just emailed me with a reminder).
The property has probably gone up in value (I assume, based on sales of other similar places close by).
If I get it re-valued, and my loan-to-value ratio changes, can some of the increase be released as cash? Is that what an equity release is? Sounds correct but surely there's some hideous complications...
aggi
Cupcakes
Mortgage chat: I'm coming to the end of the fixed interest rate period (bank just emailed me with a reminder).
The property has probably gone up in value (I assume, based on sales of other similar places close by).
If I get it re-valued, and my loan-to-value ratio changes, can some of the increase be released as cash? Is that what an equity release is? Sounds correct but surely there's some hideous complications...