Expert VerifiedEquity Release in Ireland (2025): Your Options Explained
- Last Updated: 05 Aug 2025
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Be aware. Equity release comes with drawbacks which are important to think about. Lifetime mortgages are secured loans. Compound interest means the amount you owe can grow quickly. Equity release reduces your estate's value and may impact means-tested benefits.Key Takeaways...
- The process of releasing equity in Ireland typically involves an initial consultation, property valuation, legal review, and finally the release of funds secured against your home.
- For homeowners over 60, it allows you to unlock your property's value, providing tax-free income without the need to sell or move.
- This financial option offers retirees the possibility of financial freedom, depending on individual circumstances and future plans.
- Advantages include receiving tax-free income and retaining ownership of your home, whilst cons may involve a decreased inheritance for heirs and effects on means-tested benefits.
Are you retired in Ireland and seeking information about equity release?
Obtaining equity release can often be a complicated process, so it is best to be armed with as much pertinent information as possible to help you along the way.
For your convenience, we have looked at the best equity release locations in the UK and created this guide to equity release in Ireland.
In This Article, You Will Discover:
Our dedicated team of experts has analysed large volumes of equity release information to bring you all the relevant details you may need to help you with this life-changing decision.
What Does Home Equity Release Refer to?
Equity release is a financial tool for seniors to unlock their home's value as cash.
It is designed for homeowners who want to supplement their income or cover expenses without selling their home.
It involves either taking out a loan against the home or selling a share of it, with repayment deferred to a future date, typically when the homeowner moves or passes away.
Learn More: What Is Equity Release On A House?
Top Equity Release Schemes & Options in Ireland (2025)
In Ireland, the top equity release options are lifetime mortgages.
The lifetime mortgage is the most popular, offering flexible options such as drawing down funds in small amounts over time.
Home reversion allows homeowners to sell a part or all of their property in return for a lump sum or regular income, retaining the right to stay in their home, rent-free.
This option is not available in Ireland, however.
It is advisable to consult with an equity release specialist when making your decision.
How Does Equity Release Work?
Equity release permits seniors over 60 to liquidate part of their home's value without relinquishing ownership.
This financial strategy can deliver a substantial lump sum or several smaller disbursements.
The obligation to repay the loan with interest is deferred until the home is sold, often after the homeowner's passing or when they enter a care facility.
This method provides a way to monetise home equity without moving out.
Find out more about how equity release works here.
Equity Release Ireland: What Are the Options?
Equity Release options in Ireland include four lifetime mortgage plans offered by SpryFinance.
Standard Lifetime Loan
The Standard Lifetime Loan by Spry Finance is a mortgage secured against your home, providing a cash lump sum while allowing you to retain full ownership.
It’s designed to last for life with no required repayments; however, optional repayments can help manage the balance.
The loan is repaid upon sale of the property, or when you pass away or permanently vacate the home.
Interest accumulates monthly, causing the loan amount to grow over time.
Green Lifetime Loan
The Green Lifetime Loan offers the same features as the Standard Lifetime Loan but is intended for homeowners looking to make environmentally friendly home improvements.
It includes a reduced interest rate of 6.50% and a setup fee of €1,350.
To qualify, your home must have a Building Energy Rating (BER) of B3 or higher, or you should use at least half of the loan for energy-efficient upgrades within 12 months.
Guaranteed Inheritance Lifetime Loan
This loan allows you to protect 20% of your home’s value, ensuring that portion remains for inheritance or future needs.
While it operates like the Standard Lifetime Loan, it offers a slightly higher interest rate of 6.80%.
This option is suited to those wanting to secure part of their home’s equity, with the amount protected fluctuating alongside property value changes.
Green Guaranteed Inheritance Lifetime Loan
Similar to the Guaranteed Inheritance Lifetime Loan, this option includes a reduced interest rate of 6.60% and allows for greener living upgrades.
It ensures 20% of your home’s value remains protected, with additional incentives for energy efficiency.
The loan amount is capped to accommodate the preserved equity.
Ireland Quick Information
Ireland2 is an island in the Atlantic ocean.
The North Channel, the Irish Sea, and St George's Channel divide it from Great Britain to the east.
Ireland is the British Isles' second-largest island, Europe's third-largest, and the world's twentieth-largest.3
Equity Release in Ireland
Equity Release Solicitors & Local Advice in Ireland
The initial step in obtaining equity release is to consult a competent financial adviser who is qualified for equity release.
Additionally, you are welcome to try our equity release calculator to obtain an estimate of how much equity you could release from your home.
If you opt to use our calculator, we can have a credible adviser from Ireland call you to discuss your needs, concerns, and any questions you may have regarding equity release.
The adviser can provide you with additional contact information for the equity release attorneys they recommend.
How to Release Equity from Your Home in Ireland
When considering equity release, it is required by law that you consult with a certified financial adviser to ensure that it is the best option for your specific set of circumstances.
This is the initial step necessary if you are considering releasing equity from your Ireland-based home.
When speaking with an adviser, you will be guided through the process in detail.
Use the calculator above if you wish a quick estimate of how much equity you could release from your home.
Common Questions on Equity Release Ireland
In a nutshell, equity release is a method of unlocking the value of your Irish property and converting it into a lump sum payment or regular access to a cash facility.
If you are over 60, you can do this through a variety of plans that allow you to access – or ‘unlock’ – the equity in your home.
Your financial adviser will be able to assist you with the details and the full equity release process.
Yes, you can obtain equity release in Ireland.
To be eligible for these plans, you must be 60 or older, resident in Ireland, and own a home worth at least €175,000 (or €250,000 in Dublin).5
The process of equity release in Ireland involves unlocking the equity tied up in your home, allowing you to access a lump sum of money or regular income whilst still living in the property.
To begin, you will need to meet with a specialist equity release adviser who will assess your eligibility and discuss the available options.
An independent valuation of your property will be conducted, and if approved, you will receive the funds.
It is important to consider the potential impact on your inheritance and seek professional advice before proceeding.
Equity release is specifically designed for homeowners aged 60 and above who wish to access the value of their property without having to sell it.
It enables you to release a percentage of the equity in your home as either a tax-free lump sum or regular income.
The amount you can release is based on factors such as your age, property value, and health.
You continue to live in your home without making monthly repayments, and the loan is typically repaid when you pass away or move into long-term care.
Equity release can be a viable option for retirees in Ireland who own their own home and require additional funds to enhance their retirement lifestyle.
It provides an opportunity to access tax-free cash without the need to downsize or sell your property.
However, it is important to carefully consider the potential risks and benefits, as well as your long-term financial goals.
Seeking independent financial advice is crucial to ensure equity release is suitable for your individual circumstances and objectives.
Equity release offers several benefits, such as providing tax-free funds for retirees without the need to sell their homes or downsize.
It can help supplement retirement income, pay for home improvements, or support family members financially.
However, it is essential to be aware of the potential risks, such as reducing the value of your inheritance or impacting means-tested benefits.
It is important to understand the terms and conditions of the equity release product and seek professional advice to make an informed decision.
In Ireland, equity release services are provided by Spry Finance.
Home Equity Release Ireland: In Short
Equity release is a complicated process with lasting financial consequences.
Moreover, it may not be ideal for everyone therefore, your advisor will help you to investigate alternative possibilities before starting the process.
Find Locations Near Ireland: Equity Release Edinburgh Review
Equity release may involve a home reversion or a lifetime mortgage, which is secured against your property. To understand the features and risks, ask for a personalised illustration. Equity release requires repaying any existing mortgage. Any money released, plus accrued interest would be repaid upon death, or moving into long-term care.
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