Equity release allows individuals and couples to release the equity they have built up in their home, in the form of an immediate tax-free cash lump sum.
Equity release schemes allow you to retain the right to remain in your home for as long as you like.
Interested in releasing equity? Complete the following enquiry form and we will arrange for a qualified professional to call you to discuss your equity release needs.
By submitting your information you have given your permission for your details to be passed on to one of our partners, and to be contacted to discuss your equity release requirements
There are 3 main types of equity release products:
The most suitable equity release scheme for you will depend on your personal circumstances. The best course of action is to speak to a qualifed professional. If you would like to speak to a professional, then you can complete the enquiry form above.
Home reversion schemes are a common form of equity release, in which you sell all, or part, of your home to a home reversion company. And, in so doing, you receive a tax-free cash lump sum, whilst also retaining the right to continue to live in your home.
You do not pay interest on the amount you borrowed, nor do you make any repayments during your lifetime. The home reversion company recovers its investment from the sale of your home when you pass away.
Lifetime mortgages involve taking out a mortgage against your property. But instead of making repayments against the amoutn borrowed, the capital remains outstanding and is repaid when you pass away. In addition, the interest accumulates ("rolls up") with the capital. Therefore, you receive an immediate cash lump sum, with no obligation to repay any amounts during your lifetime.
Interest only mortgages are similar to lifetime mortgages, but instead of the interest "rolling up", the interest is paid periodically. As a result, the amount which must be repaid from the proceeds of your home is far less than with a lifetime mortgage.
At Equity Release Advice UK, we do not sell equity release products directly, and therefore we retain our independence. We can present to you the independent facts about equity release products, helping you to make an informed decision about which product suits your needs.
The information presented above and throughout this website are the personal opinions of the authors, and are not advice of any kind. You should seek independent advice from a qualified professional prior to committing to any equity release schemes. Releasing equity from your home will reduce the value of your estate and may affect your eligibility to state benefits.
Our sister sites:
Other equity release websites: