How much equity can I release?

Find out how much tax⁠-⁠free cash you could release

There are a few things that affect how much money you can release from your home using equity release.

The two main ones are the value of your home and the age of the youngest person on the deeds of your house.

If you have a medical condition you may be able to release even more money, or possibly secure a lower rate.

The minimum amount you can release with any equity release plan is £10,000. So it’s not suitable to cover the cost of a small purchase.

To find out how much money you could release, use our calculator below . Alternatively, for a fully personalised illustration call one of our specialist team today on 08080 555 222.

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.

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.

By supplying your email address, you are confirming that you are happy for us to contact you via email regarding products and services relevant to your enquiry.

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.

Christine

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


Christine

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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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