Equity Release › What does it cost to release equity?

What does it cost to release equity?

Costs vary by lender and whether you refinance. They can include a valuation, loan or application fees, and government registration fees. A top up with your current lender often costs less than a full refinance.

Written by Ross McFarlane, Licensed Mortgage Broker (Credit Representative 526725). About the author

Why this matters

The costs are usually modest relative to the funds released, but they are worth knowing up front. A valuation confirms your equity, and there may be small lender and government fees. If you refinance to a new lender there can be a discharge fee on the old loan. A broker can total these before you commit.

The key points

Costs can include valuation, loan, and registration fees.
A top up often costs less than a full refinance.
Refinancing can add a discharge fee on the old loan.
Get the costs totalled before you commit.

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Last reviewed: June 2026

General information only. This page provides general information about home loans and is not financial or credit advice, a quote, or a guarantee, and your personal circumstances have not been considered. Lending policies, interest rates, fees and eligibility vary by lender and change over time. Always confirm your own situation with a licensed mortgage broker or lender before acting. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.