Equity release
The short answer
Lifetime mortgages for later life
- Price from
- On quote
- Time on site
- 1 to 2 hours
What you get
You get a consultation with a qualified equity release adviser who can explain the options and suitability for your circumstances.
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When do you need a Equity release?
Equity release is often considered by those who need to boost their retirement income, pay off an existing mortgage, clear other debts, or provide a 'living inheritance' to family. It is suitable for those who want to stay in their home but need access to capital.
What happens on the day
A qualified adviser will discuss your financial situation, future plans, and explain how equity release works, including its advantages and disadvantages. They will assess if it's the right solution for you and, if so, recommend suitable products.
How to prepare
- Proof of identity and address
- Details of any existing mortgage or loans secured on your property
- An idea of your property's current value
- Information about your income and outgoings
- Details of any dependents or people living in your home
How to improve your result
- Discuss it with your family, as it may affect their inheritance.
- Consider all your financial alternatives first.
- Seek independent financial and legal advice.
- Understand all the fees and interest rates involved.
Why it is useful day to day
Equity release can provide a valuable source of tax-free funds, allowing you to improve your lifestyle, make home improvements, clear debts, or help family financially, all while continuing to live in your own home.
Why we ask these questions
We ask about your property and financial situation to ensure equity release is a suitable option for you. This includes your age, property value, any existing mortgages, and your financial goals, as these factors determine available products and amounts.