It depends on your personal circumstances, it's best to get advice through an equity release advisor before making a decision. Some people use the equity to pay for home improvements or have disposable cash for other expenses. If you decide to take out the equity, it means you'll need to borrow more than you currently owe on your existing mortgage. And whether you'll be accepted for a larger mortgage depends on your affordability. Use our equity release calculator provided in partnership with our broker Responsible Equity Release.