Equity Release
Careful, impartial advice on releasing some of the value tied up in your home in later life, only ever when it is right for you.
Equity release is normally available to homeowners aged 55 and over. For those living in a property worth a good deal but with not enough income, it can be a financial lifeline. People use it to pay down debts, boost their income, enjoy a more comfortable retirement or plan for a large expense.
Moving home can be stressful and expensive at any age. Many people would rather stay put and benefit from the value tied up in their home, and equity release lets them do that.
It is a major, long-term decision that affects the inheritance you leave, so professional advice is essential. We always involve your family from the outset, look at the alternatives first, and will tell you honestly if equity release is not the right choice for you.
Who it’s for
- You are 55 or over and asset-rich but income-poor in retirement.
- You want to clear a mortgage or other debts, or boost your income.
- You would like to help your family or fund a large expense.
- You want to understand whether equity release is suitable before deciding.
Practical support with your equity release.
Retirement interest-only mortgage
Similar to a standard interest-only mortgage, but usually only repaid when you sell the property, move into long-term care or die.
Lifetime mortgage
A loan secured on your home that provides a lump sum, an income or both. Interest is usually added to the loan rather than paid monthly, and a drawdown version lets you take the money in stages to keep the cost down.
Home reversion
You sell all or part of your home for a tax-free lump sum or income, while keeping the right to live there rent-free until you move out permanently or die.
We explore the alternatives first
Because this affects your estate, we always consider other options and involve your children and dependants from the outset.
Equity release will reduce the value of your estate and the amount of inheritance you leave, and may affect your entitlement to means-tested benefits. Think carefully before securing other debts against your home. Equity released from your home will be secured against it. To understand the features and risks, ask for a personalised illustration.
Questions, answered plainly.
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Let's start with a conversation.
Your first meeting is free and without obligation. We'll listen, answer your questions, and tell you honestly whether and how we can help.