You could release tax free cash using the equity in your home without moving from the home you love.
If you have lived in the same house for a few years, it's value could have risen significantly since you bought the property.
You may appear to be financially comfortable on paper, but in reality you might not have much money in your bank account.
Complete our short form to see how much money you could release from your home without moving from your home.
Equity release is, in a nutshell, a way to unlock the value of your property and turn it into cash which lets you access – or 'release' – the equity (cash) tied up in your home, if you're 55+. The most popular type of equity release is a lifetime mortgage, which is a loan secured against your home. You can release the money you release in a lump sum or in several smaller amounts following an initial lump sum.
To compare the market, cashbacks and maximum releases available from all the UK's leading equity release companies, complete our simple form.
At last, the kitchen of your dreams, conservatory, a fitted bedroom suite. Perhaps an extra bedroom for the grandkids when they come to stay?
Whether it's a far flung holiday, or a trip around the UK in a camper van, you'll be creating unforgettable experiences and memories for all.
Maybe help your loved ones with a home deposit, driving lessons, a first car, help them through college or university, the possibilities are endless.
1. Home or garden improvements.
2. Holidays and travelling.
3. Clearing debts, such as loans or credit cards.
4. Giving money to family or friends.
5. To clear outstanding mortgage.
6. To help with regular bills.
Financial stability Release tax-free cash
No negative equity
Release equity from your home into a tax-free cash payment which can be spent how you want or as a monthly income, while continuing to live in your home. The main equity release plans are a Lifetime Mortgage or Home Reversion Plan.
A lifetime mortgage is a way of releasing money from your equity. A loan is secured against your property. The loan and any interest is repaid when your home is sold, so you do not have to make any monthly repayments. Tell me more...
With a home reversion scheme, you sell all or part of your property at less than its market value in return for a tax-free payment, a regular income, or both, but stay on in your home as a tenant, paying no rent. Tell me more...
Ready for some figures? Complete our short form above to learn how much is available.
Unless you choose to take out an interest payment plan, there are no monthly repayments to make. This is because the loan, plus interest, is repaid when the plan comes to an end.
We recommend plans which have this guarantee, so you can stay in your home as long as you wish. This feature applies to both lifetime mortgages and home reversion plans.
With a lifetime mortgage, you're able to move house in the future if you wish. You can either repay the amount owed plus any early repayment charges, or transfer the plan to your new home.
You can still qualify for equity release, but it will be necessary to repay the outstanding mortgage. The proceeds of the equity release can be used for this purpose.
The minimum property value acceptable in the equity release marketplace is currently £70,000 and the minimum age of youngest applicant is 55.
How much you can release depends upon the age of the youngest homeowner, the value of your property and whether you have any pre-existing health conditions.