Are you a homeowner in Ireland looking to unlock some cash from your property? The concept of equity release might just be what you need. With the rising costs of
Top-Up & Equity Release Mortgages
Benefits Summary:
🔹 Remortgage and release equity for the following;
✅ Debt Consolidation
✅ Home Improvements
✅ Medical expenses
✅ Education expenses
✅ Funding deposit for another property
🔹 Competitive rates available
🔹 Apply online and get approval within 48 hours
🔹 40-year terms available
🔹 Can lend to applicants 80th birthday
🔹 Also available on buy-to-let properties
If you need funds for home improvements, education costs, or simply want to reduce your monthly outgoings, a Top-Up or 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.
What Can You Use the Funds For?
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.
Do You Qualify?
To be eligible, you must have equity in your home—the market value must be greater than the outstanding mortgage, typically within an 80% loan-to-value ratio. A clean credit history over the past five years is required, and the oldest applicant must be 55 or younger.
How Much Can You Access?
You can release up to €100,000 with minimal paperwork. For higher amounts, you’ll need self certified cost estimates and planning permission if structural work is involved.
What You’ll Need to Apply
The application is straightforward. You’ll need completed salary certificates, recent payslips, six months of bank and loan statements, and, if borrowing over €100,000, quotations and planning documentation for any proposed works.
A Real-Life Example
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.
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