Money to spend without moving

If your existing property has increased in value since you originally purchased it you will find that your current mortgage lender will let you release some of the extra money for your spending pleasure. This means you don’t need to sell your home just to get your hands on some of the profit from your property. Most high street banks and building societies will let you release up to 95% of the value of your property. You can spend this extra money on anything you desire - and not necessarily with regard to spending it on your home. Perhaps you want a new conservatory or a loft conversion. Then again, you could spend it on a holiday or on a new car for the family. The amount of money you want to borrow will be added to on to your current mortgage.

Click here to find out more about positive equity and releasing money from your home.