How much can I release?
There is no one answer for this question, as the entitlement amount differs from customer to customer. The value of your home, your age and your personal circumstances will all be taken into account when seeking an equity release product.
As everyone enters into retirement in a different position, financially and personally, equity release products have been designed without a one-size-fits-all option. The product will be shaped around the requirements of you, the customer.
The Age Partnership team will be able to help you identify just how much you should expect to release during an obligation-free and no pressure discussion.
The amount you can raise will depend on your age and the value of your property. You can release a larger percentage of your home’s value the older you get.
Some lenders will also take into account your health and lifestyle to to provide you with an enhanced amount. If you drink, smoke, are overweight or take medication for a condition, you should speak to our equity release advisors. An enhanced plan takes into account these conditions, which are surprisingly common.
Our free online interactive equity calculator could help you.
At Age Partnership, we have a team of dedicated advisors that will help you identify and secure the most suitable equity release product. Taking into account your personal and financial circumstances, and the amount of cash you would require.
We search a wide range of lenders to increase the chance of finding an equity release plan that best suits your individual circumstances.
Equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. To understand the features and risks ask for a personalised illustration.
Equity release requires paying off any existing mortgage. Any money released, plus accrued interest would be repaid upon death, or moving into long-term care.
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Things to consider
As multi-award-winning equity release specialists we provide informative advice covering your options as well as explaining how equity release will affect potential inheritance and how your entitlement to means-tested benefits could be affected now or in the future.
We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of £1,795 be payable.
Equity release requires paying off any existing mortgage. Any money released, plus accrued interest to be repaid upon death, or moving into long-term care.