What You Need to Know About Equity Release & Remortgaging Options in 2025
Homeowners aged 55+ may be considering equity release as an alternative to remortgaging. But how do these options compare?
What Is Equity Release?
Equity release allows homeowners over 55 to access the value tied up in their property without selling.
Types of Equity Release in 2025
Lifetime Mortgage – A loan secured against your home, with interest rolling up over time. Home Reversion Plan – Sell a percentage of your home in exchange for a lump sum.
How Does Equity Release Compare to Remortgaging?
| Feature | Equity Release | Remortgaging |
|---|---|---|
| Who is eligible? | Age 55+ | Any homeowner |
| Loan repayment | No monthly repayments | Monthly repayments required |
| Affects inheritance? | Yes, reduces estate value | No, unless borrowing more equity |
| Best for | Retirees needing cash | Homeowners looking for better mortgage deals |
Which One Is Right for You?
- If you’re 55+ and mortgage-free, equity release may be a good option.
- If you’re still working and can afford repayments, remortgaging could provide better financial flexibility.
Tip: Speak to a specialist mortgage broker to explore which option suits your needs best.