Remortgage to Release Equity (UK) — Compare Deals & Unlock Cash

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Turn home value into cash — tax-free — and keep your property.

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Release Equity With a Smart Remortgage

Turn part of your home’s value into cash and keep your property. We compare 100+ UK lenders, start with a soft search, and show the true cost (rates, fees & any ERCs) so you can decide with confidence.

How Remortgaging to Release Equity Works

You replace your current mortgage with a bigger one; the difference is released to you as cash.
Works for home improvements, debt consolidation, gifts to family, or deposit for another property.
Alternatives: Further advance with your current lender; secured loan; later-life/lifetime mortgage (over-55s). We’ll compare all where suitable.

Key points list

Typical max LTV for equity-release remortgages: 60–85% (criteria vary).
Affordability: assessed on income, outgoings, credit history.
Credit impact: soft search first; a hard search only when you proceed.
Fees exist (valuation, legal, product/arrangement). We show true cost.

How a remortgage releases equity

You replace your current mortgage with a new one big enough to clear the old balance and provide extra cash. Funds can be used for home improvements, deposit for another property, debt consolidation, school fees, gifts, divorce settlement, etc.

Why people choose this over “equity release” (lifetime mortgages):

Normal capital-repayment mortgage, not a lifetime product
Lower rates than lifetime mortgages (typically)
Keep full ownership and normal affordability applies

Example of equity release borrowing from top UK lenders based on home value and mortgage balance

How much could I release?

Rules of thumb (subject to status & property type):

Scenario	Value	Current mortgage	Max LTV*	New loan	Cash out
Low LTV best-rate	£350,000	£150,000	60%	£210,000	£60,000
Standard	£350,000	£150,000	75%	£262,500	£112,500
Higher LTV	£350,000	£150,000	85%	£297,500	£147,500

* Max LTV depends on credit, income, property, and purpose.

We’ll model fee-added vs fee-free, true cost over 2/5/10 years, and the impact of ERCs if you’re still in a fixed deal.

Costs to budget for

Product fee (often £0–£1,999) — we’ll compare fee vs no-fee
Valuation & legal (many remortgages include free legals/valuation)
Broker fee (if applicable — we’ll confirm upfront)
Early Repayment Charge (ERC) if exiting a fixed deal early
Arrangement & CHAPS minor costs

We’ll give you a total-cost comparison (monthly + fees + ERCs where relevant).

FAQs: Remortgage to Release Equity

Many lenders allow terms to age 70–75 (some higher with proof of retirement income).

Generally yes for your main residence (it’s borrowing, not income). Separate tax rules apply if funds are used for investment — take tax advice.

Yes, but ERCs may apply. We’ll calculate whether it’s cheaper to switch now or time completion for when ERCs drop.

Typically up to 85% LTV on residential (lower at higher ages/credit blips). We’ll assess affordability and alternatives.

Often yes. We must check affordability and that it’s in your best interests; lenders may request a purpose breakdown.

We start with a soft search. A full application includes a hard search (standard).

Mortgage Tools & Best Lenders

Use our calculators to check how much you can borrow and what it may cost, then review today’s best lenders for releasing equity.

Start My Free Estimate

Buy-to-let affordability check icon (house and keypad).

Buy to Let Affordability Calculator

Get an estimate how much you can borrow.

Try our calculator

Monthly mortgage payment estimate illustration (keys and device).

Mortgage Repayment Calculator

See what your new monthly mortgage payments could look like.

Use our repayment calculator

Best Mortgage Lenders

Discover the best remortgage lenders for releasing equity — headline rates, typical fees and who they suit.

Compare best lenders

Second-charge mortgage borrowing options.

Second Charge Borrowing

Top-up borrowing without switching lender. Get a quick estimate.

Check second-charge options

Remortgage for Home Improvements

Raise funds for renovating your home.

See Home Improvement Guide

Remortgage to Consolidate Debt

Roll loans into one payment. Compare deals and total cost.

Compare consolidation deals

Remortgage for Best Rates

See today’s live rates and fees from major UK lenders.

View today’s best rates

Compare Your Equity Release Options

Ready to find the right equity release solution? Get a free, personalised estimate in just a few clicks.

Get a MOrtgage Quote

Need to remortgage to release equity from your home? We compare over 90 lenders to help you find the best remortgage deals. Get started now with a free consultation.

Looking to learn more about switching deals? Visit MoneyHelper’s guide to remortgaging to cut costs for practical advice on how to reduce monthly payments and secure better rates.