Deciding on equity release is an important decision, and we’re here to help with clear, tailored advice. Whether you want to move home, pay off an existing mortgage, fund home improvements, gift to loved ones, or manage inheritance tax, we’ll guide you to the right solution.
Equity release products are available for homeowners or people who are looking to buy a home in the UK and are aged 55 or over. Some providers offer plans to younger homeowners, but these usually involve mandatory payments.
Types of Equity Release
1. Lifetime Mortgages
The most common form of equity release and a flexible way to access your home’s value
- A loan secured against your home while you retain ownership.
- Use the funds as a lump sum or in a drawdown facility.
- No required monthly payments (unless you choose to make them).
- Interest can be rolled up or paid in flexible instalments.
- Protection to ensure you never owe more than your home’s value
Lump Sum
- Receive a one-off, tax-free payment.
- Option to safeguard part of your home’s equity for inheritance.
- Potential enhanced lump sum if you have medical conditions.
Drawdown
- Take an initial amount and access more later as needed.
- Interest is only charged on the funds you withdraw.
- Provides flexibility and peace of mind for future financial needs.
2. Home Reversion
A way to release value from your home
- Sell part or all of your home for a lump sum or regular income.
- You retain the right to live in your home rent-free for life.
- The provider can only sell their share when you move into care or pass away.
- Higher payments may be available based on medical history
Other options for later life lending
Retirement Interest-Only Mortgage (RIO)
- An interest-only mortgage with no fixed term and no maximum age limit
- Balance is repaid when you sell, move into care, or pass away.
- Requires disposable income to make regular monthly interest payments.
- Offers a structured alternative to a lifetime mortgage.
Interest Only mortgages that extend into retirement
- An interest-only mortgage with a fixed end date, some lenders have no maximum age but the term of the mortgage is agreed at the outset.
- Balance is repaid when the mortgage reaches the end of its term.
- Requires disposable income to make regular monthly interest payments.
- Offers an alternative to both lifetime and retirement interest only mortgages.
Our Process
We make the process clear, simple, and at your pace:
✔️ Full financial review to assess suitability.
✔️ Consideration of all alternatives, including downsizing or traditional mortgages.
✔️ Impact assessment on current and future benefits.
✔️ No-obligation discussions with your family or friends (if you choose).
✔️ No upfront fees – we only charge £395 upon a successful mortgage offer.
Transparent Costs
✅ Fixed fee of £395 (payable only upon a formal mortgage offer).
✅ No charge if your application doesn’t proceed.
✅ Lender fees & legal costs explained upfront before any application.
Contact us to explore your options and find the best solution for you.
