This basically involves siphoning off some cash from the portion of your property that is mortgage-free thanks to your monthly repayments. During the years of the property boom, this was a popular reason for remortgaging.

 

However, as house price growth has now started to slow, and even fall inmany areas, you should weigh up the pros and cons carefully before choosing to remortgage to release equity.

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What impact will topping up your homeloan have on the equity left in your home if the value falls in the near future? Could you be left with hardly any equity left in your home or even owing more than the value?