• Rachael Panteney

Equity Release

Updated: Mar 14

Equity release is a means of releasing money tied up in your home whilst still living in it, for those over 55.



A mortgage doesn’t need to have been paid off to release equity and it can be received in a lump sum, small amounts or as a combination of both.


There are 2 equity release options:-


Lifetime Mortgage – This is where you take out a mortgage secured on your property, whilst still retaining ownership. The loan amount and any interest accrued is paid off when you die or if you need to move into a care home.


Home Reversion – This is where you sell part or all of your home to a home reversion provider and they either pay you a lump sum or pay you in instalments. You can live in the property rent free for the rest of your life, providing you maintain and insure it, or until you have to move permanently into care.


Although Equity Release can be the right option for many people, it isn't for everyone. It is a complex area with many misconceptions due to people entering into it without understanding fully, so all options should be explored with an Adviser before committing.


Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits


For more in depth information, please contact us or call Rachael on 01323 436680 and book a FREE initial consultation today.



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