Equity release is a way for homeowners over 55 to release tax-free funds from their homes, without having to move. It is an increasingly popular way for people in, or approaching retirement to boost their finances.

- Available to homeowners aged 55 and over

- Release tax-free cash tied up in your home

- You can't release equity without taking expert advice

How does equity release work?

You can release tax-free cash from your home by releasing equity with a lifetime mortgage, the most popular form of equity release. With an Equity Release lifetime mortgage, you don’t have to make any monthly repayments. Instead, the interest with your lifetime mortgage is added to the loan - known as compound interest. The loan plus interest is then repaid when the plan comes to an end, which is usually when you, or the last remaining borrower, either passes away or enters long-term care. Typically, your house will then be sold and the equity release provider will take their money from the sale proceeds. The remainder goes to you or your estate. Typically there are 2 forms of lifetime mortgage: Lump Sum Lifetime Mortgage and Drawdown Lifetime Mortgage.

Lump sum Lifetime mortgage

A lump sum lifetime mortgage is a loan secured against your home, giving you access to a one-off pot of cash and you’ll still own your own property.

 

Drawdown Lifetime mortgage

A drawdown lifetime mortgage lets you draw down cash in stages after an initial lump sum, and you only pay interest on the money released.  


Is equity release safe?

Equity release is regulated by the Financial Conduct Authority (FCA) whose primary role is to protect customers and enhance the financial markets integrity. We're authorised and regulated by the FCA, ensuring all our processes and recommendations are clear, fair and not misleading to customers.


No negative equity guarantee

All of the plans we recommend come with several assurances, including the no negative equity guarantee. With it, you’ll never owe more than your home’s worth. So, any debt you accrue through equity release can’t be passed on to your loved ones after you’ve gone.

How much can you release?

The amount you can release is based on your age, general health and lifestyle and the value of your property. Talk to us today to find out more around how much you can borrow.

 

We provide equity release advice that is unique to you, delivered by qualified experts, who will take the time to understand your needs.  We’ll ensure you consider all of your options, including downsizing or using other forms of borrowing, and if equity release isn’t right for you, we’ll tell you. And there’s no pressure to go ahead. We will provide you all the information you need about equity release in order to make an informed decision in your own time.


We only charge a fee once you have made a full application and secured a mortgage offer, so you can find out if it’s right for you without it costing you a penny.