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

Majority of over-55s are in their forever home

Equity release can enable homeowners to remain in their forever home and fund th...

Retirement interest-only mortgage choice triples in a year

The mortgages can be used for different reasons, including as an alternative to ...

Equity release activity nears pre-Covid levels with 41 per cent rise

The later life lending sector weathered the storm of lockdown and is steadily mo...

The cost of adapting your property for care at home: £8K

If you want to stay in your home during your later years, ensure you future-proo...

Nearly a third of older homeowners have felt vulnerable making a financial decision

How would you feel if your financial adviser suggested you may be a vulnerable c...

Over-50s’ property values have risen £7K since July alone

Older homeowners have seen their home's value more than double in the last 20 ye...

Your Mortgage Guides

Your Mortgage Award Winners 2019-2020

Download our guide to the best mortgage lenders in the UK

Read More >