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Equity release plans offer a way to unlock some of the tax-free funds that may be tied up in your property. Whether you want to take this money as a one off lump sum or in instalments, after an initial release, will help to determine which plan you choose.
There are many reasons why you may decide to release equity from your home:
It could be to pay off your existing mortgage or any existing debts to free up money each month.
You might have your eye on home improvements or a holiday, but require some extra funds before putting plans in place.
Another great benefit of equity release is that you’ll get to remain in your own home.
There will be no need to downsize; you will be able to retire and live comfortably in the house without the hassle of packing and moving.
Equity release is a complex product and may not be right for everybody. By speaking to one of our expert advisers we will give you all the information you need to make an informed decision, and if we don't believe that equity release is right for you, we'll tell you.
Lifetime mortgage benefits
Potential drawbacks
As with anything, there are some drawbacks with equity release. We understand that equity release isn’t for everyone, and we’ll never say it’s the right option for you unless we’re certain.
When you take advice from one of our expert equity release advisers, it’s vital that you explore the different equity release plans available to decide which is most suitable for you and your circumstances.
You can discuss factors such as interest rates and the roll up of interest, known as compound interest, as well as set-up fees and other charges you may incur.
We pride ourselves on giving you all the information you need in a completely transparent way. This means there will not be any surprises down the line.
If you’re ready to find out more about equity release, our friendly and experienced team can be reached via our quick contact form or on 0800 188 4812. Lines are open Monday-Friday 9am-5.30pm.
Remember, it is crucial that you get advice before you take out any equity release product. If you want to learn more about equity release before picking up the phone, our guide is free to download and contains further information.
If you are considering unlocking cash from your home, we recommend that you make sure equity release is right for you
The loan, plus compound interest, is typically repaid through the sale of the property when the last remaining applicant passes away or moves into long-term care
You should always think carefully before securing a loan against your home to repay existing debt
Unless you decide to go ahead with a plan, our service is completely free of charge, as our fixed equity release advice fee of £1,799 is only payable on completion of a plan