How do I release equity for a deposit on a property to refurb?

Posted on 2 June 2013 by Pete

How do I release equity for a deposit on a property to refurb?

I want to release some equity in my own home for a deposit on a property to refurb. Would an off-set mortgage be the best way to go about this?


If you haven't found a property yet, then yes an Offset mortgage could be worth looking at. If you've already found one then we might look at alternatives. Offset mortgages are very popular and more cost effective, where the funds are going to remain in the offset savings account for a period of time and only drawn down slowly.

As offset rates are generally slightly higher, it would be worth talking to one of our consultants who can run through the pro's and con's of using Offset against normal residential rates, and then recommend the best option for you.

If you'd like to do so, then please let me know and I'll arrange a convenient time for you to speak with one of them.



More than mortgages, talk to me about:
Financial Protection | Investments | Personal and Corporate Pensions | Home Insurance
General Insurance | Valuations | Conveyancing | Wills | Home finders

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

You are currently offline. Some pages or content may fail to load.