Remortgage but with new valuation question

[p1tse]

Let's say now end of the product so looking to remortgage

Scenario
5 years ago house value £250k
Mortgage £220k taken
Now mortgage is say £200k

House gets revalued to say £300k in current climate and work done to house

So could LTV be better ie £200k against £300k for better rates?
OR
Could you release the £50k equity into cash?

[Sarnie]

Yes & Yes.