Equity release lets homeowners aged 55+ access tax-free cash from their property. No monthly payments required - repay when you pass away or move into long-term care.
Get Equity Release QuoteImportant: Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits. Always seek independent advice.
Equity release is a way for homeowners aged 55 and over to access some of the value tied up in their property without having to sell it or move out.
The most common type is a lifetime mortgage, where you borrow against your home and the loan plus interest is repaid when you die or move into permanent care.
The amount depends on your age and property value. Older borrowers can typically release more.
Percentages are illustrative. Actual amounts depend on individual circumstances and lender criteria.
Speak to a qualified equity release adviser with no obligation.
Important: Equity release may affect your entitlement to means-tested benefits and will reduce the value of your estate. Interest is compounded and can grow significantly over time. A lifetime mortgage is secured against your home. To understand the features and risks, please ask for a personalised illustration.
The amount depends on your age and property value. Typically 20-50% of your home's value, with older borrowers able to release more. At 55, you might access around 20%, rising to 50%+ at age 85. Health conditions can sometimes unlock higher amounts.
No, with most lifetime mortgages you don't have to make any payments. Interest is added to the loan (rolled up) and the whole amount is repaid when you die or move into long-term care. Some plans do allow voluntary payments if you want to control interest growth.
Yes, you remain the homeowner. The equity release provider has a charge on your property (like a mortgage) but you retain ownership and can live there for life. You're responsible for maintenance, insurance and any leasehold costs.
Your home is typically sold and the equity release loan (plus rolled-up interest) is repaid from the proceeds. Any remaining equity goes to your beneficiaries. The no negative equity guarantee means they'll never owe more than the house is worth.
Yes, releasing cash could affect means-tested benefits like Pension Credit, Council Tax Reduction or help with care costs. The capital you hold counts in means tests. An adviser can explain the implications for your specific situation.