We're part of Key Group, the UK's largest provider of equity release services
Our equity release calculator is free and easy to use
We recommend plans which meet the Equity Release Council standards and compare plans from the whole market, including:
ⓘ This is a lifetime commitment - check the benefits and drawbacks before you go ahead
Your specialist equity release adviser will explain:
Your equity release adviser will also outline the following important things to think about:
Your specialist equity release adviser will explain:
Your equity release adviser will also outline the following important things to think about:
Simply put, the equity you have in your home is the difference between the current market value of your property and the total sum of debts secured against it. The debts are typically any existing mortgage or secured loans.
There are a number of factors that dictate how much you may be able to release, such as the value of your property, your age and your health & lifestyle choices. By using our free equity release calculator, we’ll be able to give you a guide to the funds you may be able to release.
Our calculator uses two main factors to determine how much could be available to you:
Your property value: The higher the value, the higher the calculation could potentially be. The minimum property value to be eligible for equity release is £70,000.
The age of the youngest applicant: If you’re applying as a couple, the amount of equity you can release will be calculated on the youngest applicant. To qualify, both of you must be aged 55 or over.
Once you’ve calculated how much you may be able to release, our expert advisers will be able to discuss your options with you.
If you want to know more about the eligibility criteria, our team of experts are always on hand. Should you wish to book an appointment, they’ll be able to arrange a time for you to speak to an equity release adviser who will chat you through the options that are available and also discuss the other later life lending options that are available.
During the initial call, they’ll be able to check whether you’re eligible for equity release or not, and if you are, discuss the plans and answer the questions you may have.
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
All of the plans we recommend will meet the Equity Release Council standards, which means they come with a ‘no negative equity’ guarantee. This means you can’t pass on any debt through equity release to your beneficiaries.
Lifetime mortgages: A lifetime mortgage is a loan secured against your home which allows you to access tax-free funds, while retaining full ownership of your home.
Home reversion: This involves you selling part or all of your property to a provider in exchange for a tax-free lump sum. You’ll live in your home rent-free for as long as you choose, but you will no longer be the legal owner.
Your equity release adviser will talk you through the different options, as well as any additional benefits you could include such as inheritance protection and downsizing protection.
Unless you choose to do so, there are no repayments to make on a lifetime mortgage until the plan comes to an end. As a result, you pay interest not only on the loan itself, but also on the interest already added to the loan.
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
But there are ways you could reduce the total cost of borrowing of your lifetime mortgage.
More on compound interest
An expert adviser can discuss your needs over the phone and explain more about equity release. They’ll always tell you if equity release isn’t right for you and there’s absolutely no obligation to go ahead.
Before deciding on equity release, it's important you're aware of some of your other later life finance options, which may include:
Interest payment lifetime mortgage
Downsizing
Unsecured lending
Existing assets
