Can you release equity without solicitor?

[Booter]

Specifically, can equity be released on a property up to and not more than the original mortgage drawn down, without the requirement for further legal involvement?
The deeds will have the original mortgage amount stamped on them until redemption anyhow, so could the bank simply apply the top up after relevant form-filling?

 

[Sarah W]

It depends on your lender - some will top up with out a solicitor being required (up to the lower of 80% of the property value or €63,500 in the case of First Active/Ulster Bank) some require legals no matter what the size of the additional loan.

Sarah

www.rea.ie