You are here: Home - Equity Release

Equity Release

Introduction

happy older lady gardener

If you are a cash-strapped homeowner over 55, an equity release scheme could be ideal for you.

Many older people have a lot of home equity – value tied up in their property – but would like more ready money. Using a lifetime mortgage or reversion scheme could give you a release of equity, as a lump sum or in regular payments, to supplement your income.

It is essential that you seek professional financial and legal advice before signing up for equity release, as it will impact on your estate.

How To

Top tips for downsizing

With more and more homeowners moving to smaller properties later in life, the Na...

How to use a lifetime mortgage

Lifetime mortgages can provide money for your retirement without the headache of...

How to use a home reversion plan

Home reversion schemes are an alternative method of releasing equity from your p...

Case study – Home reversion plans

Gail Shaw, 77, had previously looked into home reversion plans but was unsure ab...

Case study – Lifetime mortgages

Mary Harris, 77, and husband Thomas Harris, 84, are retired teachers.

How to release equity from your home

Equity release is an important financial tool for older homeowners.

Guides

2016: The tipping point for lifetime mortgages?

Andy Humphreys, marketing director at Legal & General Individual Retirement...

Guide to borrowing past retirement age

As an older borrower, you may be concerned that a lender will not offer you a mo...

Guide to tracker mortgages

This type of product follows the Bank of England Base Rate or the lender's Stand...

Guide to equity release

More and more older people are turning to equity release mortgages to enable the...

Jargon Buster

When you take out a mortgage you will probably encounter a raft of jargon, some ...

Guide to home reversion schemes

Home reversion schemes are an alternative method of releasing equity from your p...

News

Equity release borrowers lack understanding and feel pressured to buy

New research found that some borrowers didn't fully understand the product at th...

Over 23,000 homeowners unlocked property wealth in first three months of 2022

Record numbers of older homeowners are looking to equity release to boost their ...

Longer-term mortgages and high first-time buyer age set to eat into pensions

First-time buyers could be repaying their homeloan into retirement, hampering th...

Newly retired spend £3,700 supporting their family

Unlocking property wealth is one way that parents are able to financially suppor...

Over-55s tap equity release to fund holidays as Covid restrictions ease

Later life borrowing is rising in popularity as older homeowners look to unlock ...

Equity release mortgage rates are rising

Lifetime mortgage rates hit record lows in 2021, but now they are on the up

Your Mortgage Guides

Your Mortgage Award Winners 2021-2022

Read our guide to the best mortgage lenders in the UK

Read More >