When you release equity, the money can be used without restriction – so you won't have to put those important plans on hold.
Update your property, extend or repair it. After all, it's still your home for life and you want to enjoy living in it.
Can you afford to stay in your home, but no money for life's luxuries? Unleash your dreams with Equity Release.
If loan repayments are eating into your retirement income, you could clear them and have money to spare.
With Equity Release growing in popularity, now's the right time to take a closer look and realise your dreams.
Product innovation is giving homeowners more choice than ever before
A loan is secured on your home, but you can keep living in it.
Usually, there are no monthly payments to be made. When you pass away, or go into permanent care, your home is sold. The proceeds are used to repay the loan and any interest.
You can sell some or all of your home to an Equity Release provider. The money can be paid as a lump sum, in instalments or both. It's still your home until its sold. Any remaining share could be ring-fenced and left in a will.
Having more options is never a bad thing; but it means there's more to think about. That's why you should talk to an expert.
You need to be 55 or older to be eligible, as do other applicants involved in
If the plan is registered and approved by the Equity Release Council, you won't end up in negative equity
It's your home until you die or go into permanent care, at which point it will
You can ringfence some of the equity in your home, so money is left behind as a gift for loved ones
If you have an outstanding mortgage, it must be paid in full first – using the equity you released or other funds
Equity Release can be used for more than just home improvements, travelling or paying off debts. You could give a gift to a friend or family member and make a difference to
Before speaking to a specialist, you may want to prepare your answers
How old is the youngest homeowner?
Normally, you can't get a joint Equity Release plan unless you're both 55 or older
How is your health and what's your lifestyle?
This will help your consultant recommend the right plan for your needs
What's the condition of
They may need to know what state of repair it is in, for example
1. Use our simple form to answer a few questions
(it takes just two minutes)
2. Once we have your details, we'll get you talking to an Equity Release consultant
3. Discuss your needs, compare different options and make a decision