Is there a way to take cash out of a mortgage without downsizing - under 55

theoretica

If the property is larger than she needs, might a lodger be possible?  That would provide extra income for her to pay the mortgage and loan off.

Cruixer

kingstreet said:

If converting unsecured debt to secured makes any sense, a remortgage may be the answer if affordability is provable. Many lenders offer free legals, free valuation etc so it may be cost-neutral to change lenders and increase the mortgage by the amount required. Could be even more helpful if the rate for the total borrowings could be reduced.

This sounds like it might be the answer to the question I was asking. I have managed to get a bit more information and she has about 50% equity, and I think she is on about 6% at the mo, so this might be a possibility.

Cruixer

theoretica said:

If the property is larger than she needs, might a lodger be possible?  That would provide extra income for her to pay the mortgage and loan off.

That would make a lot of sense, but I don't think she would do it. I suspect she would downsize before giving up her privacy.