Equity Release
If you are over the age of 55 and looking to access either a lump sum of money or an income, equity release may be a practical alternative to traditional borrowing, helping you secure the funds you need while avoiding the costs often associated with standard loans.
Equity release is a way to unlock some of the value tied up in your home, giving you access to cash you can use right away. You can choose to receive these funds as a single lump sum or as smaller, regular payments—like a monthly income—to use however you like.
The amount you can release is based on your home’s value. Essentially, you are accessing a portion of your home’s equity now, which is then settled from the sale proceeds when you eventually move or sell the property.
There are two main ways to do this – lifetime mortgages and home reversion – and since they work in different ways, one might be a better fit for your specific situation than the other.
If you are a homeowner over 55 and are looking to cover living costs, fund a special purchase, or perhaps help out a loved one, please have a chat with our specialists. Because we have access to the entire UK market, we can help you figure out if equity release is the right path for you, and if so, find the best lender to suit your needs.
And if you already have an equity release plan but are thinking about moving, don’t worry—we can help you transfer it to your new home, aiming to keep any extra costs to a minimum.