Equity Release

Unlock new possibilities, with equity release.

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Enjoy financial freedom and get more out of later life.

If you own your own home, equity release lets you access the equity (money), tied up between your four walls. You can take the money you release as a lump sum, in regular smaller amounts or a combination of both.

The money released from your home can be used for whatever purpose you like, from consolidating debts to home improvements, perhaps you’ve been looking at a new car or once in a lifetime trip – the choice is yours.

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Popular equity release options

Lifetime mortgage

The most popular type of equity release. A lifetime mortgage lets you take out a loan, secured against your home whilst still owning it. Some providers will only offer this type of equity release.

Home reversion

You can sell all, or just a part of your property, usually between 20% and 60% of the market value. You can then stay in your home as a tenant, potentially rent-free.

A few things you should know about equity release

  1. With a lifetime mortgage you can continue to live in, and keep ownership of your home
  2. Equity release can affect means-tested benefits, which may decrease or be lost completely
  3. With a home reversion plan the reversion company owns all, or a part of your property
  4. A ‘no negative equity’ guarantee means you'll never owe more than your home is worth

See how much you could release

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Your common equity release questions, answered

Who can apply for equity release?

You must own the property and it be your main residence. For a lifetime mortgage, you also need to be at least 55 years old; for a home reversion plan you must be at least 65 years old.

How long does equity release take?

Most providers suggest between 6 and 8 weeks depending on the type of equity release you apply for. During this time an independent valuation will also be conducted.

Is equity release safe?

Equity release is fully regulated by the Financial Conduct Authority (FCA). The Equity Release Council (ERC) also have a code of conduct that exceeds FCA regulations.

Are there alternatives to equity release?

Equity release isn’t for everybody, if you’re looking to raise some cash downsizing, renting out or re-mortgaging your home may be a more suitable solution.

Finding the right quote is quick and easy with QuoteSearch

Our cutting-edge technology compares prices and cover directly from leading providers. We also have experts just on the other side of the phone to discuss your individual needs.

Our service is completely free and there’s no pressure to take out a policy. We’re 100% independent and FCA regulated, meaning you can proceed with confidence.

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