Equity release

[Starsky]

I want to release €60k equity in my house. House value is €330k and mortgage is €195. Salary is €43k. Have had mortgage for 3 years. I only need the money for approx 5 months and will then be paying it off the mortgage.

What's the best way to go about this ? Do I go to my morgtage provider or to a bank etc ?


Or is there a better way of getting this together (without the use of a balaclava ?)

 

[The Murfster]

I would be interested to know how you go about this as I am thinking of doing something similiar myself..................

 

[liteweight]

Would your existing lender consider a 'top up'? The fees related to this are much cheaper than on a new mortgage. Otherwise check out websites for lending institutions...some pay some or all of the legal costs involved. Shop around!!