releasing equity is the unlocking of the equity or the value of your property minus the mortgage you have on it. It is the releasing of cash from your home and using it on any way you want. There are no stipulations as to how you can spend the money you will receive. When applying for an equity release loan, you will receive tax-free money. You can have it as cash lump sum, regular income, or a combination of both. There are different plans available and you can just choose the best scheme that will be suitable for you.