Hi all, looking for some advice on options please. My partner and I are expecting in the summer. We have a house together and have a large amount of capital in it (about 50% of the value, and it is a large house). We both work full time and have been using savings to do some work on the house so have rather depleted our funds. My partner's income would cover mortgage repayments - just - monthly but we'd be stuck for bills. My question really is this: if I wish to have more time off than just my maternity leave (and not work) is there a clever way of releasing some equity from the house and investing it or creating some form of passive income so that I can stay at home with my family? I am currently weighing up options as obviously I would want to make the most of maternity benefits (workplace stipulates I must come back to work for 3 months after leave in order to not have to pay back occupational mat. pay), but I may want to be at home for longer with my family.
thanks in advance
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expecting a baby - equity release?
5 replies
flymo79 · 06/02/2014 14:31
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