Mortgage is paid off in full could I remortgage to get my hands on 20k quickly?

by , 17 Aug 2012Open Question

My parents own their house no mortgage. I purchased at a bad time but my situation has improved somewhat. They have offered to remortgage / equity release some funds to purchase a dream home. I would like to pay back within 5 years so they own 100% of the property again. I would then rent sell my house once it gains some equity. My parents are over 65 and under 70 retired. What options do I have? Thanks in Advance


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