How to release equity in your home?

[Blueeyes123]

Hi,

I know that its not considered a good thing to clear one personal loan via your morgage, but because of the times were in, I'm considering it.

Have a loan under 10,000 ( husband has) & we've been having difficulty paying it, its a credit union one, so because they're normally relaxed, we've let this one go, we have a small morgage for our age, and have the morg with NIB, LTV morgage.

Question, can we release equity and if so what is the best way to do this, we are also fixed for another 2.5 years.

I would like to get this top up over a small amount of years to clear it quicker, can this be done and if so how?

I would do this if it doesnt effect our rate or are original morgage agreement, really couldnt be changing all of that, too much hassle.

Thanks again.

Blueeyes.

 

[Complainer]

NIB probably won't let you top-up unless you move away from the tracker, but no harm in asking them.

 

[Blueeyes123]

Thanks, waiting on them to ring me.