Explore Equity Release plans
There are many different equity release plans available across a range of lenders, each with flexible features to suit your needs and lifestyle. It’s your advisor’s job to find the best plan for you, based on your individual situation.
How much tax-free cash can you unlock from your home?
Use our free calculator to get an instant view of how much tax-free cash you could release to help you live your life, your way.
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Options to consider alongside equity release
We want to make sure that you only take out equity release if it’s suitable for your situation. It won’t be right for everyone.
As part of our advice to you, we will ask you to think about a range of options, such as downsizing to a smaller home, maybe even considering taking in a lodger to help with the running cost of your home, and possibly asking family or friends for support.
A few things to think about
Equity release will involve a home reversion or a lifetime mortgage, which is secured against your property and will reduce the value of your estate and impact funding long-term care. You can read more about the different types of equity release plans here and if you want more detail we can provide you with a personalised illustration to explain exactly what equity release could mean for you and will outline the features and risks.
You must take financial advice before proceeding with equity release. It’s important that you make the right decision. That’s why we provide our initial advice for free and without obligation. Only if your case completes would our advice fee of £1,895 be payable. Other lender and solicitor fees may apply.
You will need to pay off any existing mortgage or secured loan that you have. You can use some of the money raised through equity release to do this.
Another consideration is that equity release interest is compounded, so you pay interest on interest. The money you release, plus the accrued interest is then repaid when you die or move into long-term care.
Equity release may have an impact on your entitlement to means-tested benefits now and in the future.
You’re talking to the people who know.
We will talk you through all your options and explain all the pros and cons of equity release, so that you’re fully informed.
Our service is about finding out if equity release is a good fit for you, and only then will we find the best equity release plan for your individual needs.
Our promise to you...
- You will be assigned a dedicated advisor who will guide you through the process from start to finish.
- Equity release will only be recommended if it’s suitable for you.
- We will search a range of plans from multiple lenders to find the best solution for you.
- The plan that we recommend to you will be protected by the safeguards of the Equity Release Council.
- You will receive a bespoke recommendation document to read at your leisure.
