If you own a property outright (unencumbered), you can still take a mortgage against it to release equity - for home improvements, to fund another purchase, or for later-life liquidity. We arrange mortgages on unencumbered property, including retirement interest-only options for older borrowers.
Releasing equity from a debt-free home
A mortgage on an unencumbered property works like a remortgage - a valuation, conveyancing, and a loan secured against the property. We compare the whole market to find the cheapest way to release the funds you need.
- Whole-market comparison for equity release
- Funds for improvements, deposits or liquidity
- Repayment vs interest-only options compared
Later-life considerations
For older borrowers, a Retirement Interest-Only (RIO) mortgage can release funds with no monthly capital repayment - the loan is repaid from the property on death or moving into care. We advise whether RIO or a standard mortgage suits your stage of life.
- Retirement Interest-Only (RIO) options
- No monthly capital repayment on RIO
- Standard mortgage vs RIO compared for your age
