This can be for a number of reasons but here are some of the most common:
- Home Improvements
- Repay debt
- Gifting a relative for a property purchase
- Repay an ex-partner for their share of the equity
Whatever the reason what and how much you can raise will be subject to meeting the lender’s affordability, loan to value limits and general criteria. For this reason, it’s best to speak to ams: who can help you to raise capital from your home, and make sure your monthly repayments remain affordable.