Unlock the Value in your Property with a Release Home Equity Mortgage

Equity release lets you access money tied up in your property, usually through a mortgage or similar product, without having to sell or move out of your home.

Anyone who owns a home, with or without a mortgage, who needs to release equity for a specific purpose is eligible. Specific purposes include (but are not limited to):

• Home improvements
• Helping family with a deposit for a home or funding third-level education
• To pay an inheritance tax bill
• Separation agreement payment, and even
• Medical expenses such as IVF treatment

The amount depends on the lender’s criteria, which varies significantly depending on the lender you choose. A mortgage broker can assess this and show you what is available. Ultimately, it will depend on the value of your home and the equity available in it.

Releasing equity can reduce the value of your estate, which means less inheritance for your beneficiaries. It’s important to discuss this with your family and seek professional legal  and taxation advice before making a decision.

Equity release funds can be used for a wide range of purposes, depending on your needs. Many people choose to use the money for:

• Home improvements or renovations

• Helping children or family members with a property deposit or education costs

• Paying off debts or covering inheritance tax bills

• Covering legal or separation agreement payments

• Funding medical expenses, such as IVF treatment

• Boosting retirement income