Lump sum lifetime mortgage


  • Available to homeowners aged 55 and over.
  • The cash you release is tax⁠-⁠free and is yours to enjoy.
  • The ‘no⁠-⁠negative⁠-⁠equity’ guarantee means that your estate will never owe more than your property is worth when it is sold.
  • There is no requirement to make monthly repayments.
  • But you have the option of making voluntary repayments, subject to certain limits, if you would like to reduce the size of your loan over time. Early repayment charges may apply above a set value.
  • You continue to own your home, and can benefit from any future house prices increase.
  • You have the option of protecting some of your home’s equity for your loved ones, with an Inheritance Protection Guarantee.


  • Equity Release will reduce the value of your estate and impact funding long-term care.
  • If you don’t make repayments the size of your loan will increase over time because the interest is compounded, meaning interest is added to interest.
  • If you want to borrow more money in the future you would normally have to apply for a further advance, which would not be guaranteed.
  • Your tax position and eligibility for means⁠-⁠tested benefits may be affected now and in the future.
  • If you wish to pay off the equity release plan early, you may have to pay an early repayment charge. These differ from plan to plan.
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I’d like flexible access to my money

If you’re looking for flexible access to your money, a drawdown lifetime mortgage may be a suitable solution for you, as you could release smaller amounts over time.

Click here to find out more

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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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.


“Equity release enables me to stay in my own home and, to be happy with my life.”


Hear from more of our customers

What can equity release be used for?

The money that you release from your home can be used for lots of different things. You may want to:

  • Pay off your current mortgage, reducing your committed monthly costs.
  • Get the house shipshape, maybe it’s time for that new kitchen or bathroom.
  • Go on your dream holiday, or plan a few smaller getaways.
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Life gets better with Age: We’re proud to support our customers

Each year we help over 600,000 people explore the option of equity release.

First class service

We have won numerous awards for the quality of our service. But it’s the feedback that we receive from our customers that means the world to us.

A proud 20 years

We are proud to have been providing retirement finance advice to our customers for over 20 years.

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Thanks to our fantastic customers and colleagues, we have been ranked ’gold’ for customer experience, based on an independent assessment by Investor in Customers.

Multi award winning advice

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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.
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