We need to release some of the equity in our property. We would like to do this on an interest only basis.
We are happy to remortgage or take a secured loan as will be selling our home very shortly afterwards.
House will go on the market in January but will need to access some of the money in February, even if we are lucky enough to get a buyer immediately sale will not be completed in time.
We have more equity in our home than we need to raise in the short term.
When we sell the entire debt will be paid off with the remainder of the £ invested, we will not be buying another home for the next 8-10 yrs.
Does anyone have any cunning plans or recommendations of good Financial advisors, although i am being very vague there really is nothing dodgy & no risk attached, the only uncertanty being the risk of not selling quickly.
We could just remortgage but will pay a hefty early redemption fee as all seem to have a tie in period.