Do-it-yourself is actually another typical have fun with which have 18% along with their loan because of it inside the 2013

• Promoting your house and you may downsizing. If you buy property which is cheaper than your domestic, might discharge a few of the security from your own home
• For those who have extra space on your property, you might subdivide or mix-book their point
• If you do not need certainly to offer your house, you are able to thought leasing it out and you can swinging someplace reduced
• When you yourself have more room in your house, you could potentially book the space and take in an effective boarder
• You can pose a question to your council on costs recovery and rebates
• Thought selling your home otherwise element of they to family unit members, or program financing with your loved ones with the house because equity. Make sure to serum legal counsel and you will documents to eliminate people future dispute

A home can't purchase your food otherwise mend a unique rooftop. However, contrary mortgages can turn certain old homeowners' bricks and mortar for the cash.