http://prsync.com/ukmoneymancom/what-you-should-keep-in-mind-when-you-remortgage-to-release-equity-3584754/

Individuals who need money for a home renovation, for the education of their children or to pay a debt should consider this option. The equity is established based on how much of the mortgage you have paid off so far. Equity is the amount of money you have paid for your house and it changes in time according to the price of the property and the amount of mortgage you have paid.