More homeowners looking to release equity from their properties
Trinity Financial has seen an increase in the amount of borrowers releasing equity from their properties since the start of the year.
Many of the lenders are happy to lend on unencumbered properties and some of them will even pay for the valuation and legal fees.
Aaron Strutt, a broker at Trinity Financial, says: "Millions of homeowners in the UK have huge amounts of equity in their properties and they are looking to make use of it.
"Our clients are using the funds to do a number of things including: loft extensions, buying new investment properties and let to buy mortgages."
Let to buy is becoming increasingly popular. Homeowners turn their existing homes into a buy-to-let property and raise funds to buy a new home.
If you would like help to release equity from your property, call us on 020 7016 0790.
August 23, 2013