Equity release allows individuals aged 55 and over to release money from the property they live in without selling the property and having to make any monthly repayments. There are two main types of equity release, Lifetime Mortgages & Home Reversion plans. Both of these are regulated by the Financial Conduct Authority. By using an equity release product, a home owner can draw a lump sum or regular smaller sums from the value of their home, spending the proceeds as they require. Additional benefits include potentially reducing inheritance tax liabilities, assisting family and debt consolidation.
If you are not sure what type of equity release mortgage is for you then click on the first box below and make a general equity release enquiry and one of our panel of specialist FCA advisers will contact you. If you are familiar with these products then click on the box below which you are most interested in. Alternatively click on each of the boxes below for a further explanation of what each product covers.