Homeowners are cashing in fast on the increased equity in their homes gained by rising property values. On average they borrowed £9,069 more than a year ago according to the Mortgage Search Tracker from Mortgage Advice Bureau. Releasing cash by remortgaging means owners can use the money to clear property debts, pay for home improvements or spend on other things such as a wedding, holiday or new car. Using equity to pay off debts can be risky. For example, with credit card debt, there could be a temptation to slip back into old habits and spend on cards that have […]