Equity release, also known as a Lifetime Mortgage, allows individuals aged 55 and over to release money from the property they live in without having to make any monthly repayments; this is a long-term loan secured against your property.
As the money you release is yours in the first place, any cash you receive is tax free.

You can take a single lump sum or opt for an initial sum then a future cash reserve also known as draw-down, releasing ad-hoc smaller amounts of money when you need it. Whatever you borrow will usually be repaid at the time of your death or if you move into long-term care.

Many lenders allow you to pay upto 10% per year into your mortgage, we will cover this as part of our personalised advice process.

If you meet these criteria, you could be eligible for a lifetime mortgage if you are:

• A homeowner
• Are of qualifying age (typically over 55)
• A UK resident

We are proud members of The Equity Release Council: https://www.equityreleasecouncil.com/

YOU MAY HAVE TO PAY AN EARLY REAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE TO A LIFETIME MORTGAGE