Best Equity Release Schemes

To find the best equity release schemes available, compare a number of providers, because interest rates vary and this will determine the total that has to be paid back to the lender. Equity release schemes allow you to borrow money against the value of your home which only is paid back – with interest – from the sale of the property. Other features of equity release schemes include:

A boost to your retirement income without having to move house
Tax-free cash for any purpose, such as a new car, holiday, or home improvements
Available only to those 55 years and older
You retain ownership of your home
The remaining value after the lender has been repaid can be left to heirs

Learn more about the best equity release schemes available and get advice from an advisor by filling in our quick and simple form.

Lifetime mortgages as from October 2004 are regulated by the Financial Services Authority. A lifetime mortgage is a loan secured on your home. The loan and interest are normally repaid from the proceeds of the sale of your home when you die or move into long term care. With a home reversion plan you sell all or part of your home for cash. However you do not get the full market return for doing so.

The above equity release mortgage detail is for information purposes only as does not constitute financial advice under the Financial Services and Markets Act 2000. When considering any type of equity release product, it is important that you seek independent legal advice.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.