Getting a new mortgage on your property can be one of the quickest way to release equity. Equity release through remortgage has been long practised by savvy property investors. The common trend has been to take up new buy to let mortgages for properties that had sufficient equity that can be released. This has been especially true in times when the property market was booming. Many property investors used the opportunity of higher property prices to release extra capital from their properties.

Equity release does not have to be restricted to property investors who are looking to raise capital from their property. There are many other reasons why property owners might want to release equity. These reasons can include raising quick cash for home improvement, raising capital for personal reasons and generally any other reason. There are no restrictions for where you can spend the money raised from a new mortgage and your property.

In order for you to release equity from a property with mortgage it is essential that the property must have a certain amount of equity locked in it for release. In other words the mortgage outstanding should be fairly low compared to the value of the property. If the property has no mortgage left and that is even better because it essentially means that you can release the maximum amount of equity from a remortgage.

In order to get the best remortgage deal for this purpose it's important that you speak with a well-known mortgage broker. Talk to friends and family to see if you can get any recommendations of a good mortgage broker who can help you get the best mortgage product to help you release equity. Remember this step is very important as ending up with the wrong mortgage product can turn out to be quite costly on the long-term.