In general, people decide to remortgage to release equity because the mortgage is approaching its end, or perhaps they have access to better deals since they have a lower LVT and more equity. There is another option available, to borrow more money against the property. What this means exactly is that the value of the house has risen considerably, increasing the equity. This offers them the possibility to borrow money without increasing the monthly repayments. The extra equity comes from the value of the property. Depending on where you live, the condition of the house, you can verify this with a realtor and see if you can fit in the category.