What Is Equity Release?

What Is Equity Release?

Who is eligible to take out an Equity Release Mortgage?

UK residential homeowners over the age of 55

Who is eligible to take out an Equity Release Mortgage?

UK residential homeowners over the age of 55

What is "drawdown"?

Drawdown is an option to allow borrowers access to pre-arranged funds. You may not need all the money initially, so you can set up a facility to draw on additional funds, as and when you need, without having to make a new application.

What is "drawdown"?

Drawdown is an option to allow borrowers access to pre-arranged funds. You may not need all the money initially, so you can set up a facility to draw on additional funds, as and when you need, without having to make a new application.

Do I have to make monthly repayments?

One of the main attractions of Equity Release Mortgages is that lenders will allow the interest payments to "roll up". 

This means that you do not need to make monthly repayments to the lender

Do I have to make monthly repayments?

One of the main attractions of Equity Release Mortgages is that lenders will allow the interest payments to "roll up". 

This means that you do not need to make monthly repayments to the lender

Please contact us with your Equity Release enquiry

Please contact us with your Equity Release enquiry

Simply enter your details below for us to help you.

By submitting information through this website, you have given your agreement to receive verbal contact from us to discuss your Equity Release requirements. You voluntarily choose to provide personal details to us via this website. 

Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 2018.  You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

Simply enter your details below for us to help you.

By submitting information through this website, you have given your agreement to receive verbal contact from us to discuss your Equity Release requirements. You voluntarily choose to provide personal details to us via this website. 

Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 2018.  You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

By submitting this data, I am consenting to the use of my data in line with our  Privacy Policy

By submitting this data, I am consenting to the use of my data in line with our  Privacy Policy

What is 3 + 5 =

What is 3 + 5 =

Equity Release refers to a range of products that allows people over the age of 55 to access equity tied up in their home.

Equity Release refers to a range of products that allows people over the age of 55 to access equity tied up in their home.

  • AMOUNT BORROWED - this is determined by your age and the value of your property
  • AGE OF APPLICANT - the older the applicant, the more the lender is able to lend
  • INTEREST RATE CHARGED BY THE LENDER - just like traditional mortgages, there are a variety of interest rates charged on Equity Release Mortgages 
  • EARLY REPAYMENT CHARGES - Equity Release Mortgages have early repayment charges if the mortgaged is redeemed in the early years of the arrangement. There are exceptions to this, and we recommend that you discuss your personal circumstances with our Equity Release professional 
  • FEES CHARGED FOR ARRANGING THE LOAN- such as lenders arrangement fees, solicitors fees and broker fees
  • AMOUNT BORROWED - this is determined by your age and the value of your property
  • AGE OF APPLICANT - the older the applicant, the more the lender is able to lend
  • INTEREST RATE CHARGED BY THE LENDER - just like traditional mortgages, there are a variety of interest rates charged on Equity Release Mortgages 
  • EARLY REPAYMENT CHARGES - Equity Release Mortgages have early repayment charges if the mortgaged is redeemed in the early years of the arrangement. There are exceptions to this, and we recommend that you discuss your personal circumstances with our Equity Release professional 
  • FEES CHARGED FOR ARRANGING THE LOAN- such as lenders arrangement fees, solicitors fees and broker fees
  • Access to funds that are otherwise tied up in your home
  • Provides a lump sum and/or income
  • Funds can be used for a variety of purposes, such as home improvements, gifting to children or grandchildren, a new car or perhaps a holiday 
  • Ability to "roll up interest", thus avoiding the need to make monthly repayments
  • No negative equity guarantee
  • Ability to fix the interest rate for the life of the mortgage
  • Access to funds that are otherwise tied up in your home
  • Provides a lump sum and/or income
  • Funds can be used for a variety of purposes, such as home improvements, gifting to children or grandchildren, a new car or perhaps a holiday 
  • Ability to "roll up interest", thus avoiding the need to make monthly repayments
  • No negative equity guarantee
  • Ability to fix the interest rate for the life of the mortgage

What factors will impact on the cost of Equity Release?

What factors will impact on the cost of Equity Release?

The benefits of Equity Release

The benefits of Equity Release

What you may wish to consider

What you may wish to consider

Home > Mortgage > Equity Release > What is Equity Release

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