Equity Release

Release Cash From Your Home

Call us on 0117 980 7743 

Independent Service For Over 55s

Finding  the right equity release plan for your personal circumstances couldn’t be simpler

See below for a range of selected offers from leading UK equity release providers

Type
Fixed
Rate
3.32%
APR
3.48%
Minimum Age
55
Minimum Property Value
£100,000

Equity Release Plan: Classic Super Lite

Features: FREE Valuation

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Type
Fixed
Rate
3.32%
APR
3.50%
Minimum Age
55
Minimum Property Value
£100,000

Equity Release Plan: Flexi Choice Super Lite

Features: FREE Valuation

Call FREE on 0117 980 7743

Type
Fixed
Rate
3.35%
APR
3.50%
Minimum Age
55
Minimum Property Value
£100,000
Call FREE on 0117 980 7743
FREE VALUATION

Type
Fixed
Rate
3.40%
APR
3.50%
Minimum Age
55
Minimum Property Value
£100,000

Equity Release Plan: Premier Flexible Black

Features: Cashback & FREE Valuation

Call FREE on 0117 980 7743

Type
Fixed
Rate
3.49%
APR
3.60%
Minimum Age
55
Minimum Property Value
£100,000

Equity Release Plan: Flexible Pink

Features: Cashback & FREE Valuation

Call FREE on 0117 980 7743

Type
Fixed
Rate
3.75%
APR
3.90%
Minimum Age
55
Minimum Property Value
£75,000

Equity Release Plan: Lifestyle Flexible

Features: Cashback & FREE Valuation

Call FREE on 0117 980 7743

Type
Fixed
Rate
3.93%
APR
4.10%
Minimum Age
60
Minimum Property Value
£100,000

Equity Release Plan: Flexible Lifetime

Features: FREE Valuation

Call FREE on 0117 980 7743

Type
Fixed
Rate
3.99%
APR
4.20%
Minimum Age
55
Minimum Property Value
£70,000

Equity Release Plan: Capital Select Lite Flexi

Features: FREE Valuation

Call FREE on 0117 980 7743

Type
Fixed
Rate
4.22%
APR
4.40%
Minimum Age
55
Minimum Property Value
£70,000

Equity Release Plan: Select Lite Flexi

Features: FREE Valuation

Call FREE on 0117 980 7743

Equity Release Pros and Cons

By taking out an equity release on your property, it may be possible to generate a useful secondary source of funds that can be used for a variety of different purposes. When searching for a suitable equity release the pros and cons of a proposed deal should be carefully considered, as the majority are permanent.

These types of agreement are generally aimed at older people who are property rich, but are cash poor. In terms of eligibility, customers will usually be expected to be over a certain age (usually retired) and to have paid off any existing mortgages on their property.

There are two different types of equity release available to customers; here is a brief explanation of each type:

  • Lifetime Mortgages – this is an arrangement whereby you release a lump sum of equity from your home while maintaining complete ownership of it.
  • Home Reversion Plans allow the policyholder to sell a share or all of their property to a lender in exchange for the guarantee that it will not be sold until after they have died.

Both of these agreements work on the basis that after the homeowners has either been moved into care, or has passed on, their home will be sold and a portion of their estate will then go to the provider to cover the cost of the loan.

Equity Release Pros and Cons

Pros:
  • Customers may spend the money on whatever they wish, perhaps on a one off holiday or even as a way of supplementing the income from their pension
  • The customer can continue to live in their home for as long as they wish
Cons:
  • Selling a share in the property will automatically reduce the value of the customers estate, as a portion of it will go to the lender
  • The loan received may not reflect the actual market value of the property

If you have considered the pros and cons and think that equity release is still the best strategy for you, you should click on the link below to get a equity release quote today.

Equity release is available to UK homeowners aged between 55 and 95 and allows you to release capital from your home. The money released can be used for any purpose, and can be taken as a tax free lump sum or in smaller amounts if preferred.

Key features include:

  • Available to homeowners aged 55 to 95
  • Release capital tax free from your home
  • You choose how to spend the money
  • Lump sum & drawdown options
  • You cannot release equity without taking advice

You can release equity from your home with either a lifetime mortgage or a home reversion scheme. The most popular type of equity release is a lifetime mortgage, where a loan is secured against your home & you retain full ownership of your home.

Key features include:
  • The amount you can release will depend on your age
  • The minimum age you can be is aged 55 with 95 as an upper limit
  • The minimum property value on which an equity release plan can be secured on is £70,000
  • The older you are and the higher the value of your property the more equity you can release

When capital is release by the plan provider, instead of making monthly interest repayments, interest is usually added to the loan. this is known as compound interest. At the end of the plan (usually when either of you pass away or move into long term care) your house will be sold & the equity release plan provider will be paid back from the house sale proceeds with the balance paid to your estate.

For advice on your options complete our enquiry form or:

Call us on 0117 980 7743 

There are different types of equity release plan and can be summarised as follows:

Lump sum lifetime mortgage
  • Provides a tax free lump sum secured against your home giving you access to a pot of cash.
  • Funds released can be used for almost any purpose
  • You retain full ownership of your home
  • Interest rolls up and is added to the loan. Typically repaid when you pass away or move into long term care
  • Some plans allow you to guarantee  a percentage of the future value of your home for your loved ones’ inheritance. Other options include the option to pay monthly interest
  • You need to take advice before you can take a lifetime mortgage out
Drawdown lifetime mortgage
  • Lets you drawdown cash in stages after an initial lump sum
  • You will only pay interest on the funds drawn down
  • These plans are more flexible so you do not miss out on means tested benefits
  • Drawn down funds can be used for any purpose e.g. home improvements, pay for university fees
Home reversion plan
  • Need to be aged 65+ to qualify
  • Involves selling all or part of your home for a tax free cash lump sum
  • The money you receive can be used for any purpose
  • Your share of the property will benefit from house price increases
  • When you pass away or sell your home, the home reversion provider takes its percentage from the sale proceeds.

For advice on your options complete our enquiry form or:

Call us on 0117 980 7743 

A lifetime mortgage is a loan secured against your house that allow you to release some of the equity you have built up.

Also known as equity release mortgages, like retirement interest only (RIO) mortgages they are only available to over-55s, and the loan is fully paid off when the last person living in the property dies, sells the home or goes into care.

The main difference is that RIO mortgages require borrowers to pass affordability checks and commit to making regular payments for life. With an equity release plan there are no such checks required.

For advice on your options complete our enquiry form or:

Call us on 0117 980 7743 

There are a number of variables that can determine how much you may be able release from your home.

The key thing are your age and the value of your property.

The table below provides an approximate indication of how much equity you can expect to release from your home depending upon how old you are from a lifetime mortgage (Home Reversion Plans may offer a higher amount):

 

AGE     % OF EQUITY RELEASE
55 25
56 26
57 27
58 28
59 29
60 32
61 33
62 34
63 35
64 36
65 37
66 38
67 39
68 40
69 41
70 42
71 43
72 44
AGE     % OF EQUITY RELEASE
73 45
74 46
75 48
76 49
77 50
78 51
79 51
80 52
81 52
82 53
83 53
84 54
85 54
86 54
87 54
88 54
90 54

Lifestyle factors can also come into play, so if you are a smoker or are overweight the amount you can release may be increased. For more information please call us on 0117 980 7743 

FREE & no obligation – Equity release service

Equity Release Quotes >>

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

Equity release may affect your entitlement to state benefits and will reduce the value of your estate. It may involve a lifetime mortgage or home reversion plan. All content set out in this website is provided for information only and should not be considered as advice. It is strongly recommended that you seek advice of a qualified, independent financial advisor before making any decisions to take out an equity release product.

Equity Release

Unlock Cash In Your Home

Equity Release Service

  • Borrowing options from age 55 to 99
  • Independent advice on your mortgage options
  • Interest only options
  • Top UK lenders compared
  • One short form to complete

Call us on 0117 980 7743 

Equity Release Quotes Service »

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE