An Equity Release allows property owners to borrow against an unencumbered (mortgage free) property.

An alternative option, if you own a property which is already financed/mortgaged is to take a ‘Top-Up’ with your existing bank or ‘Refinancing’ your property to a new lender moving your balance to another bank and still benefitting from releasing cash from equity in the property.

This product can be used as a great low cost option to access funds through bank finance, whether you wish to use the funds for investment, renovating your existing property or financing a new property.