Raising capital

[Ihateknowingthis]

Has anyone ever taken money from a property either equity release or remortgage??

Which is best way?

Usually equity release is used if you couldn't repay a 'normal' mortgage because you are retired or unemployed.

What's your scenario and why are you considering these options?

Im retired
I have a property i don't live in.
Id like to improve the property i live in.

My grandparents did equity release, which cost an absolute fortune and the principal amount still had to be repaid after their death. I would look at other options first

You will get absolutley rinsed if you do equity release, is it possible to sell the unused property? Then you can improve your current property and invest the rest?

@Ihateknowingthis
Have a look at RIO mortgages. They are for retired people (although you don't have to be) and will take into account state and private pensions and I'm pretty sure rental income too. RIO = retirement interest only