Remortgages have been primarily in demand from homeowners in the last few months, but it appears through recent data releases that landlords are starting to seek them. The reason for many of the landlords to get remortgages is reported to release built up equity into cash to allow for renovating properties. By investing into their portfolio of properties they hope to better the condition of their rental properties to bring in higher rental income.

Those that are happy to stay in a rental cycle will likely find an improvement of the properties on the market available to them. However, with higher rental prices it may become obvious to many that saving for a deposit or seeking help from first time home buyer schemes might be a better financial choice than renting.

Currently there are many first buyers that could use Help to Buy to get onto the property ladder with only a 5% deposit. The scheme could put new home buyers into a new construction home.

Landlords are not the only property owners that can benefit from releasing built up equity into cash through a remortgage. Homeowners can do the same and they can use the cash as they wish. It can be used for investing into the home and increasing its value, or it can be used to pay down debt, or for paying for a family holiday or to boost an emergency cash fund. The cash released through a cash equity release remortgage can be used as the homeowner wishes, and there are other benefits possible such as securing a lower interest rate and even seeking a fixed rate for years to come to protect against rising interest rates for years to come.