Equity Release Mortgages
Looking to release equity in your property?
Release equity
Access Capital at a Low Rate of Interest through Your Mortgage
Equity is the difference between the current market value of your property and the amount remaining on your mortgage. As a homeowner, you may be able to raise capital and access a lump sum by changing your mortgage (i.e. remortgaging) and releasing some of the equity held in your property.
You can release or borrow up to a maximum of 90% of the value of your property depending on circumstances.
Before considering or entering into an equity release mortgage, we recommend that you speak to an advisor who can bring you through all of your options.
Access Capital for a Specific Purpose
Why Might You Release Equity?
Renovation works on your property
Tax Bill (Inheritance/Gift/Capital Gains Tax)
Separation or divorce
Buying out siblings
Deposit for a second home (holiday/investment/abroad)
College expenses
Medical Fees
Equity Release Example
Norah
- Norah owns a property worth €400,000.
- Her remaining mortgage is €150,000.
- Norah can release equity of up to 90% of the value of her home.
- She can potentially borrow up to €360,000 i.e., 90% of €400,000.
- If Norah can afford a new mortgage of €360,000, she can release equity of €210,000.
- Norah will have a new loan of €360,000 secured against her home.
Equity Release
How much can I borrow?
Under an Equity Release mortgage, you can release equity / borrow up to 90% of the value of your property.
- You must have a proven ability to meet the new monthly repayments on your equity release mortgage.
- Some lenders even give cashback on equity release mortgages (T&Cs apply)
- Terms range from 5-35 years
Talk to us and we can help determine if you are in a position to apply for an equity release mortgage and how much capital you could potentially access.
Max Equity Release
90% property value
Max Equity Release
3.5 x annual income
Equity Release Criteria
General Lending Criteria
Eligibility depends on several criteria that vary by lender. General requirements can include:
- Minimum Age Requirement – Most equity release products, particularly lifetime mortgages, require applicants to be at least 55 or 60 years old.
- Property Value Thresholds – Your property usually must be worth at least €100,000 (can rise to €300,000 in high value areas such as Dublin).
- Property Types – Standard residential properties are preferred. Holiday homes, shared ownership or non-standard construction may not be accepted.
- Affordability Requirements – Lenders will assess income, debts and your demonstrated repayment capacity.
- Loan to Value Ratios – The amount you can borrow is typically capped at 90% of your home’s current market value. Financial figures depend on your age, health and financial
circumstances.
Lending criteria and product features vary by provider. If you want to explore releasing equity in your home, speak to us to determine your eligibility and identify the most suitable option.
Who We Work With
At EDUC Mortgages, we have access to all of the major lenders in Ireland so
we can get you the best rate available on the market.
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