First things first, Equity Release is safer than ever. It’s regulated by the Financial Conduct Authority (FCA) and overseen by the Equity Release Council (ERC). ERC-approved plans carry a no negative equity guarantee, so you'll never owe more than your home's worth.
What is Equity Release?
Equity Release is a way of unlocking the value from your property and turning it into a lump sum of cash or smaller amounts over time. It is money that can be used without restriction.
There are both pros and pitfalls to releasing equity. That is why we’ll put you in touch with an industry expert to discuss the options available to you and answer any questions you may have for a free, no obligation quote before you decide if Equity Release is the right choice for you.
Why do you want to release equity?
When you release equity, the money can be used without restriction – so you can unlock those new possibilities. A couple of popular choices are:
Home improvements – whether that’s updating, extending or repairing. You could re-invest in your property to make it your dream home.
Combine debts – Manage your debts the way you want to. Release cash could mean clearing debts and getting rid of financial stress.
Access to a lump sum – This could be gifted to help out a family member or allow you to purchase those desired and well deserved products.
Get a Free Equity Release Quote
How do you release equity?
Product innovation is giving homeowners more choice than ever before. Two clear options are:
Lifetime Mortgage - A loan is secured on your home, but you can keep living in it. Usually, there are no monthly payments to be made. When you pass away, or go into permanent care, your home is sold. The proceeds are used to repay the loan and any interest.
Home Reversion - You can sell some or all of your home to an Equity Release provider. The money can be paid as a lump sum, in instalments or both. It's still your home until its sold. Any remaining share could be ring-fenced and left in a will.
Having more options is never a bad thing; but it means there's more to think about. That's why you should talk to an expert.
Find Out How Much You Could Release
Want to find out more?
Step 1: Select why you want to release equity below.
Step 2: Answer a few questions using our online form.
Step 3: Speak to an industry expert to guide you through your options.
Select how you want to use the money: