Financial advice needed please............

Bought a house last year, put down a deposit of roughly 30% and the rest is on a mortgage. Essentially that 30% is still mine but the capital is tied up in the house, is there any way of freeing up some/all of that capital without selling the house?

I'm sure I've heard of something like this but don't know if it's advisable, what circumstances it should be done in etc.

Any help would be greatly appreciated.

Cheers.

Posted By: Jacksons_Twelfth on February 10th 2012 at 09:17:37

Message Thread

Financial advice needed please............ (General Chat) - Jacksons_Twelfth, Feb 10, 09:17:37
- Are you based in Norwich? (General Chat) - fleckmatic, Feb 10, 09:58:16
  - Which company did you use? (n/m) (General Chat) - Larry Hagman, Feb 10, 10:56:45
    - Alan Boswell (n/m) (General Chat) - fleckmatic, Feb 10, 11:36:42
- Ok (n/m) (General Chat) - Ted Bowger, Feb 10, 09:41:09
  - Ok (General Chat) - Ted Bowger, Feb 10, 09:50:01
- Speak to your lender (General Chat) - JoeyDeacon, Feb 10, 09:26:53
  - Cheers bud (n/m) (General Chat) - Jacksons_Twelfth, Feb 10, 09:29:49
    - You just taken financial advice from someone called Joey Deacon? (General Chat) - The Editor of Milk, Feb 10, 09:41:32
- Yes - Equity Release (General Chat) - Ted Bowger, Feb 10, 09:22:28
  - Cheers, just had a quick scan online and it suggests a homeowner loan? (General Chat) - Jacksons_Twelfth, Feb 10, 09:29:04
    - Or remortgage if you don't have penalty clauses on your current deal (n/m) (General Chat) - duke of york, Feb 10, 09:29:55

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