To be eligible to release equity from your home you must first be over 55 years of age. If you are looking to take out equity release as part of a couple then the youngest individual must also be over the age of 55.
You must also be a homeowner of a UK based property. The home you own must be of a value usually no less than £70,000. The property should be your primary residence, of a standard construction and be in a condition of good standing.