Equity Release

Equity release allows you to access tax-free money tied up in the value of your home.

The amount you can release will depend on a number of factors, such as your age and the value of your property. The most common way to release equity is by taking out a lifetime mortgage, but there are other options.

How does it work?

You can take the money you release as a lump sum, as smaller payments over time, or as a combination of both.

To be eligible for equity release, you must:

  • Be aged 55 or over (the youngest applicant for couples)

  • Own your own home, based in the UK and of standard construction

  • Own a property worth at least £70,000

This is a lifetime mortgage, to understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.

WHAT ELSE CAN I USE EQUITY RELEASE FOR?

  • Home/Garden Improvements

  • Paying off Existing Debts

  • Helping children with deposit

  • Holidays or Holiday Homes

  • Increasing Retirement Income

  • Healthcare

  • Buying a New Car

  • Inheritance Tax Planning

  • Repaying an Existing Mortgage

Ready to discuss your equity release needs?

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