AIBU to use home equity to clear substantial credit card debt?

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We have a high household income (£200k) but for reasons I wont go into on here, we’ve found ourselves with approx £70k on a credit card. The monthly payments are high. It’s not as simple as just saving up for a few months to pay it off as our outgoings are also high.

Our mortgage is up for renewal at the end of the year. We have approx £250k equity on a £600k property.

Would it be a good idea to take the equity out of the house, pay the credit card off and then up the payment on the mortgage to ‘make up’ for the equity that we’ve taken out? I believe this would be better as the mortgage has a lower interest rate than the credit card?

Please no answers asking why we have this debt or criticising this financial situation.

You have to weigh the gamble that you might lose a job, fall ill and still have to pay the mortgage or lose. Don't pay the credit card and you are only bankrupt and still have a house
As someone said, weigh up the interest you will pay on each.

Personally in your position id go for the mortgage as credit card is ehat 25% interest? But buy payments protection insurance

It's a stupid idea.

On that income it can be paid off in 2 years max.

Get a 0% card, get a few if needed and pay it off.

The interest on your credit card will be crippling.

I would definitely remortgage under your circumstances as it’s a substantial amount and it will be spread out longer term.