There are many homeowners that are looking for unique ways to make an investment. The time looks good for a remortgage, and they have a large amount of equity to free up and invest for the future. One idea may be to split up their home and turn it into a money maker.

For those that have homes with extra room it might be highly profitable to divide the home and provide part of it to rental occupancy. The equity could be used to renovate the property and purchase appliances. Then the renters could provide a long term income. A property that can provide rental income as well as living accommodations for the owner may also have higher selling potential.

The population is rapidly aging and this solution would be attractive to someone planning to downsize upon retirement. Instead they could remain in their home and add to their retirement funds. It could also later be rented on both halves and allow the owner to upgrade and retain the first property for rental income.

The rental market is booming. Young professionals and young families are finding it difficult to borrow due to lack of deposits that are required by banks. While some are requiring 25 per cent, there are others asking for much more. These same people seek out rental properties for housing.

Since the housing market has been forecasted to remain shaky for years ahead the rental market will continue to be in high demand as more people seek their first housing or as families divide.

Mark Garner of Letting Zone stated that due to the difficulty of individuals to get on the housing ladder there will be a surplus of prospective renters over available rental property for the "next four to five years". He added that tenants will be longer term as well. "Existing renters aren’t moving because it costs a lot of money to move house, so they are finding it easier and cheaper to stay put."

With tenants in high supply that means an increase in average rental cost for homes that are nice and accommodating. For those in high demand areas, rental would be at a premium that the market could hold. So, for an investment opportunity for the freed up cash in a remortgage, the splitting up of your home might be worth taking a glance at.