Frequently Asked Questions

Understanding equity release properly is vital if you’re considering taking out an equity release plan of your own. Take a look through our frequently asked questions to learn more about what it is, how it works and whether it’s the right choice for you.

 

 

What is equity release/ how does it work?

There are several different types of equity release, so it’s important to learn about the different plans available and find out what each has to offer.

 

How do I release equity on my home?

If you decide to release equity on your home, what process will you need to go through? Read about all of the steps so that you know exactly what to expect.

 

What can equity release be used for?

How you spend the cash released from your home is entirely up to you. However, we’ll take a look at some of the most popular uses and see how people are making the most of their tax-free cash.

 

Can you move house if you have taken out equity release?

One of the most common myths surrounding equity release – in fact, we’ve decided to write a whole blog exploring this topic and explaining why the answer is ‘Yes’!

 

How much equity can be released?

Read about the different factors affecting the amount that you might be able to release – or use our calculator to get a general idea of the cash that you may be able to unlock.

 

How long does equity release take to complete?

Equity release is a decision that you can’t simply rush into. While every application is different, in this article we give an overall view of how long you can expect it to take.

 

Who are the FCA and what do they do?

The Financial Conduct Authority, or FCA, are the financial industry’s regulatory body, setting out guidelines and ensuring that equity release companies play by the rules.

 

Who are the Equity Release Council and what do they do?

As the industry body for equity release, the Equity Release Council also has an important role to play: find out more here.

 

Am I eligible?

While you’ll need to speak to an independent equity release adviser to determine whether or not you’re eligible, we run through some of the most common factors that affect eligibility.

 

Is equity release right for me?

Equity release can be very helpful for a lot of people – but it’s not right for everybody. Read this page to help determine whether or not it’s right for you.

You should be aware that equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits. The most popular type of equity release, the lifetime mortgage, is a loan secured against your house.

 

 

 

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