Equity Release
Access the wealth tied up in your home to enhance your retirement, help family members, or fund home improvements — while continuing to live in your property.
What is Equity Release?
Equity release allows homeowners aged 55 and over to access the equity (value) tied up in their property without having to sell or move out. The money can be taken as a lump sum, in smaller amounts over time (drawdown), or as a combination of both.
There are two main types of equity release: lifetime mortgages and home reversion plans. Our qualified advisers will explain both options in detail and help you decide whether equity release is right for your circumstances.
Types of Equity Release
Lifetime Mortgage
The most popular form of equity release. You borrow money secured against your home while retaining full ownership. Interest rolls up over time and the loan is repaid when you die or move into long-term care.
- Retain full ownership of your home
- No monthly repayments required
- Optional interest payments available
- Drawdown facility available
- No Negative Equity Guarantee available
- Can include inheritance protection
Home Reversion Plan
You sell part or all of your home to a reversion company in exchange for a lump sum or regular payments, while retaining the right to live there rent-free for life.
- Sell a percentage of your home
- Receive tax-free cash
- Live in your home rent-free for life
- Remaining share passed to estate
- Available from age 65+
- Less common than lifetime mortgages
Common Reasons for Equity Release
Equity Release Council Standards
We recommend products from providers who are members of the Equity Release Council, which sets strict standards to protect consumers. Key protections include:
Important — Seek Independent Advice
Equity release is a significant financial decision that will affect your estate and may affect your entitlement to means-tested benefits. We strongly recommend discussing your plans with your family and seeking independent legal advice before proceeding. To understand the features and risks, ask for a personalised illustration.
Regulatory Information
Equity release is regulated by the Financial Conduct Authority. We are members of the Equity Release Council and adhere to their standards and code of conduct.
Explore Your Equity Release Options
Our qualified equity release advisers will explain all your options clearly and help you make the right decision for your circumstances.