If you need funds for home improvements, education costs, or simply want to reduce your monthly outgoings, a Equity Release Mortgage could be the solution. This allows you to borrow against the value you’ve built up in your home, without selling or moving.
There are many approved reasons to release equity from your home. Whether you're planning renovations, covering medical or education expenses, or helping a family member with a deposit for their own home, this flexible option puts you in control. It’s also ideal for managing inheritance tax liabilities, separation-related costs, or even as a deposit on a second property or holiday home. Some homeowners also choose this route to consolidate short-term loans and lower their monthly repayments.
You must have equity in your home
How Much Can You Access?
Release up to €100,000 with minimal paperwork For amounts over €100,000.
Self-certified cost estimates required
Planning permission needed if structural work is involved
John and Mary, both teachers with a combined income of €100,000,
own a home valued at €350,000. With a mortgage balance of
€200,000, they have €150,000 in equity. By remortgaging for
€225,000, they clear their existing loan and free up €75,000 in cash.
They can now renovate their home, support their children’s
education, help with a second property purchase, or reduce debt—
all without dipping into savings.
Tommy and Jane have recently decided to divorce. They are both joint owners of their family home which has a current market value of €400,000 and a mortgage outstanding of €100,000.
As part of their settlement agreement, Jane is going to stay in the family home with their 3 children and Tommy is going to move out.
Tommy will remove himself from owning the property if he receives €100,000 compensation payment from Jane.
Jane remortgages the property for €250,000 using an equity release
mortgage. With this new mortgage she clears the old mortgage
balance, pays Tommy his €100,000 as part of the settlement and uses the remaining €50,000 to renovate the family home.
They plan to restructure their mortgage in a few years’ time again, when their outgoings have significantly reduced due to their children finishing college. At this stage, they feel that they will be able to afford higher monthly loan repayments and can clear their mortgage earlier, ideally before they retire.
Meet James and Elaine. They are both civil servants in their early 50s, working full time, and have 3 dependent children. They are struggling with cash flow issues due to high monthly loan repayments as well as paying for their children’s college education.
Their current home has a market value of €350,000, a mortgage balance outstanding of €150,000 with monthly repayments of €1,500. They took out a home improvement loan last year to retrofit their
home with loan repayments of €500 per month. They also have an outstanding personal loan with monthly loan repayments of €250. Their total monthly loan obligations from all loans equal €2,250.
To reduce monthly outgoings for a few years until their children have
finished college, they decided to remortgage their house and
consolidate all of the loans into one mortgage.
By doing this, they reduced their monthly outgoing from €2,250 per month to €1,850 per month. This leaves an extra €450 per month for James and Elaine to help pay bills and ease some cash flow issues they are facing.
Meet Sean & Michelle, they own a home with a market value of €440,000 and a mortgage balance remaining of €170,000. They live
beside a University and were constantly getting enquiries about providing accommodation to college students due to severe accommodation shortages in their area.
They decided to build an extension at the back of their house and rent
this out to students, generating an additional income of €14,000 per
year.
The extension cost a total of €75,000. To fund this extension, they
remortgaged their existing property and released equity to pay for this
extension.
Their mortgage repayments increased by €250 per month / €3000
annually; however, they are now receiving recurring cash inflows of
€14,000 annually from renting out their new extension to students.
An equity release mortgage allows you to unlock the value built up in your home without having to sell or move. With Equity Release Mortgages Ireland, you can access funds for renovations, education, debt consolidation, or even to help a loved one with a house deposit. You continue to own your home while using part of its value to fund your personal goals.
Yes, when managed properly through trusted equity release mortgage lenders in Ireland, these products are safe and regulated. Brokers assess your eligibility, future repayment ability, and only recommend this option when it supports your long-term financial stability. Always ensure you’re dealing with experienced advisors who understand your needs.
That depends on your financial goals. Remortgaging can help secure a better rate, while releasing equity in your house in Ireland provides cash for immediate needs such as renovations or consolidating debt. In many cases, you can do both: switch your mortgage provider for a better deal and release equity at the same time, making this option a smart, flexible financial move.
Not all pillar banks provide equity release options, and eligibility can be strict. However, several equity release mortgage lenders in Ireland, including specialist non-bank lenders, offer competitive products. A mortgage broker can compare the market and match you with the most suitable provider based on your goals and profile.
Absolutely. Many homeowners use equity release on their house in Ireland to consolidate high-interest debts like credit cards or personal loans. This can reduce your monthly repayments and simplify your finances, giving you greater control and peace of mind.
With select lenders in Ireland, equity release mortgages can have terms extending to your 80th year. This flexibility makes equity release a viable option for older homeowners seeking to improve their financial situation later in life.
There can be additional expenses involved, including fees for valuation, legal services, or processing the application. However, brokers often negotiate competitive terms, and with low equity release mortgage rates in Ireland, the long-term savings can far outweigh the initial costs. Your broker will give you a clear breakdown before you proceed.
Yes. When releasing equity in your house in Ireland, you can access up to €100,000 as a cash lump sum for approved purposes. This is particularly useful for home improvements, funding education, or helping family members with a deposit for their property.
Equity release can last up to 40 years, depending on your mortgage term and the lender’s policies. With some lenders allowing terms until your 80th birthday, this long-term access to capital offers flexibility, whether you’re planning for retirement or funding large personal expenses.
Typically, you can release up to €100,000 in equity with minimal paperwork. If you’re borrowing more, documentation like cost estimates or planning permission may be required. The final amount depends on your home’s value, remaining mortgage balance, and overall affordability. Use an equity release loan calculator in Ireland to estimate how much you could qualify for today.
Are you a homeowner looking for ways to boost your finances? If so, equity release might just be the solution you’ve been searching for. This
Are you a homeowner in Ireland looking to tap into the wealth tied up in your property? Equity release might be the answer you’ve been
Are you sitting on a hidden treasure in your home? Many homeowners are surprised to learn that their property holds more value than they realize.
Let your home work for you.Whether you need funds for a specific goal or want financial breathing room, a Top-Up or Equity Release Mortgage could provide the flexibility you need.Money Maximising Advisors Limited is regulated by the Central Bank of Ireland.