Equity Release › Do I have to refinance to release equity?

Do I have to refinance to release equity?

Not always. Some lenders allow an equity release or loan increase with your current lender, which can be simpler. Other times refinancing to a new lender unlocks more equity or a better rate at the same time.

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

Why this matters

There are two routes. Staying with your current lender for a top up is often quicker and lighter on paperwork. Refinancing to a new lender takes more effort but can release more equity or secure a sharper rate. Which is better depends on your lender policy and goals, and a broker can compare both.

The key points

You can sometimes top up with your current lender.
Refinancing can unlock more equity or a better rate.
Staying put is often quicker and simpler.
The best route depends on your lender and goals.

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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.