What are the risks?

The most common misconception about equity release today is that you have to give up ownership of some or all of your home. This is not the case. Well over 95% of our clients elect to take out a modern form of equity release known as a lifetime mortgage or drawdown lifetime mortgage. With both of these plans, you release a proportion of the equity in your property whilst continuing to own it 100%. This means that you continue to benefit from any increase in your property value in the future.

Also, all of the plans that we recommend must follow the regulations set out by the Safe Home Income Plans (SHIP) organisation. As such, they are all 'portable', so you can still move home, taking your equity release plan with you.

Although there are now many safeguards to protect you, the borrower, you should still ensure that you are aware of all of the implications before entering into a plan. The following are some points to consider:

Your tax position and eligibility for means tested benefits may be affected, the value of your estate may reduce as might your options for moving or selling your home in the future

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Find Out More

• What is SHIP?
• Why choose Age Partnership?
• Try our Equity Calculator