How do I release equity through remortgaging?

You remortgage for a higher amount than your current outstanding balance. The difference between your new, larger mortgage and the old one is paid to you as a lump sum. For example, if your home is worth £300,000 and your mortgage balance is £150,000, you might remortgage for £180,000 — releasing £30,000 in cash.

How much equity can I release?

This depends on your property value and the lender's maximum LTV. Most mainstream lenders will remortgage up to 85–90% LTV. So on a £300,000 home, you could potentially borrow up to £255,000–£270,000. The more equity you have, the more you can release — and the better the rate available.

Is releasing equity taxable?

No — equity released through a remortgage is not classed as income and is not subject to Income Tax or Capital Gains Tax. It's simply borrowing against an asset you own. However, the money does need to be repaid as part of your mortgage, and your monthly payments will increase accordingly.

What can I use the released equity for?

Most lenders don't restrict how you use released equity, though they may ask for the intended purpose as part of the application. Common uses include home improvements, helping a child with a deposit, debt consolidation, buying a second property, a large purchase, or building an emergency fund.

How is equity release through remortgage different from a lifetime mortgage?

A remortgage to release equity is a standard residential mortgage — you make monthly payments and the balance reduces over time. A lifetime mortgage (a form of equity release marketed to over-55s) allows you to borrow against your property with no monthly repayments, but the interest compounds and rolls up. MortgageReady handles remortgage-based equity release; if you're over 55 and considering a lifetime mortgage, we'll refer you to a specialist equity release adviser.

Your Home Has Value — Use It

Release Equity from Your Home

If your home has gone up in value or you've paid down a significant portion of your mortgage, you may be sitting on tens of thousands of pounds in equity. We help you access it safely — at the best available rate.

Example: How Equity Release Works

Home value

£350k

Current mortgage

£180k

Your equity

£170k

Remortgage to 75% LTV → new mortgage

£262,500 → £82,500 released

Illustrative only. Rates and LTV limits vary.

We search 90+ lenders for your best equity release rate
Whole of market — including specialist high-LTV lenders
Honest advice on total cost over mortgage term
We calculate exactly how much you can release
Most clients receive a mortgage offer within 48 hours
Free service — no charge for our advice

Book Free Review Call 0161 000 0000

Your home may be repossessed if you do not keep up repayments on your mortgage. MortgageReady is authorised and regulated by the FCA.

How Much Can You Release?

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What Could You Do With It?

Common Reasons Our Clients Release Equity

Home Improvements

A loft conversion, extension, or kitchen renovation adds value and improves your quality of life. Releasing equity to fund it often makes more sense than an unsecured loan.

Buy-to-Let Deposit

Use your primary residence equity as a deposit on an investment property. A common and tax-efficient way to build a property portfolio.

Children's Education or Deposit

Help your children with university costs or their first home deposit. Gifting from equity is one of the most common reasons clients release funds.

Debt Consolidation

Replace higher-rate personal loans and credit card debt with mortgage-rate borrowing. Can dramatically reduce monthly outgoings — though may cost more over the full term.

Important: Releasing Equity Increases Your Debt

Releasing equity through a remortgage means borrowing more money against your home. Your monthly payments will likely increase, and you'll pay interest on the additional amount for the remaining mortgage term. We always show you the full cost — including the total amount repayable — before recommending any equity release.

MortgageReady is FCA regulated — we have a duty to ensure any advice is suitable for you.

Equity Release FAQs

Questions about releasing equity? Call 0161 000 0000 — no obligation, no jargon.

How Much Could You Release?

We calculate your maximum release, the best available rate, and your new monthly payment — all in one free 30-minute consultation.

Book Free Consultation

Your home may be repossessed if you do not keep up repayments on a mortgage.

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Release Equity from Your Home

Example: How Equity Release Works

Home value

£350k

Current mortgage

£180k

Your equity

£170k

Remortgage to 75% LTV → new mortgage

£262,500 → £82,500 released

Illustrative only. Rates and LTV limits vary.

We search 90+ lenders for your best equity release rate

Whole of market — including specialist high-LTV lenders

Honest advice on total cost over mortgage term

We calculate exactly how much you can release

Most clients receive a mortgage offer within 48 hours

Free service — no charge for our advice

Your home may be repossessed if you do not keep up repayments on your mortgage. MortgageReady is authorised and regulated by the FCA.