Equity Release

If you are a UK homeowner aged 55 or over, equity release could offer you a way to access money tied up in your home without moving.

The schemes are designed to allow you to;

  • To release a tax-free lump sum, a regular income or both.
  • The ability to release funds when you need it.
  • The freedom to spend your money on almost anything you choose.

Before considering Equity Release or Home Reversion plans it is recommended that you consider all your other potential options first to achieve your aims. These include, but are not limited to those listed below;

  • Savings & InvestmentsPension Credit / Council Tax Benefit
  • Grants for repair or modifications to a property
  • Moving to a smaller home
  • Selling the home and renting

You must also consider how your State Benefits entitlement may be affected by equity release.

Equity release products are either lifetime mortgages or home reversion plans.

We offer a comprehensive range of equity release products from across the market but not deal’s that you can only obtain by going direct to a product provider.

For Equity Release Mortgage we charge a fee of £1,295. We will also be paid commission from the product provider for arranging the lifetime mortgage or home reversion plan on your behalf.

THERE ARE TWO MAIN TYPES OF EQUITY RELEASE SCHEMES

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A Lifetime Mortgage – Normally available from the age of 55

This is secured against your home and enables you to borrow a proportion of your home’s value. Interest will be charged on the amount.

There are 2 main types of Lifetime mortgage

Learn More

Reversion Scheme – Normally available from the age of 65

This normally allows you to sell a share of your property to the provider for less than the market value. You have the right to stay in your home for the rest of your life.

Learn More
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