What is equity release?
With each mortgage payment, you build ‘equity’ in your home. This increasing equity is your home’s market value and doesn’t include any mortgage or debt against your home.
More homeowners aged 55+ are looking to equity release plans to release their home equity as a tax-free lump sum.
Over the past few years, the market has expanded with new plans and providers, giving you more options and flexibility.
When you take an equity release plan, you don't have to move out of your home. There are also no monthly repayments (unless you choose a plan with this option) and you’re free to spend your cash as you please.
How much money can I unlock from my home?
This amount depends on the value of your home, your health and age. If you have a qualifying later-life health condition or a history of being a smoker, you could release more equity.
When you speak to the expert we connect you with, they’ll guide you through your options to help you find a plan that’s the right fit for your needs.
Can I still keep my home?
Lifetime mortgages are the most popular type of equity release plan. They allow you to keep your home and release its equity as a loan against your property. The loan is paid back when your home is sold after you pass or transition into long-term care.
Retaining your home is a promise guaranteed by the Equity Release Council.
Will I owe more money than my home is worth?
You're covered by the Equity Release Council's 'no negative equity guarantee' when you take a plan with their approved partners. This means whatever happens to house prices, you’ll never owe more than your home is worth.
The interest rate was the best one I could get over four big providers. Tim who came to visit me in my own home couldn’t be nicer. He was polite and friendly. He explained everything so well. Another big bonus is they do not charge for that service. 
