Equity release allows anybody over the age of 55 to extract money (the Equity) out of their home to help them enjoy the retirement they deserve. This can be a loan secured on their home which can be paid back when your house is sold. There are many reasons to release equity from your home. Below are some examples of what you can do with Equity release:
Reasons to Release Equity:
- Home Improvements A new conservatory or garden
- Holiday Take that once in a life time Family Holiday
- Extra Cash to do the things you want
- Clear Debts or to consolidate loans
- New Car or caravan for your seasonal breaks
We compare All the Leading Companies to get you the Best Equity Release Rates
How Does Equity Release Work?
Equity release comes in two forms, lifetime mortgages and home reversion plans. Depending on your circumstances, as long you are 55 or over and you own your own home you can release anywhere between 10,000 to 50,000*. Below is an example on how to calculate your equity.
If you bought your home 35 years ago, the average house price was £63,938**. That same house is now worth £250,000. If your home is now mortgage free, you will have £250,000 of equity in your home. |
To find out how much money you can unlock from your home, you can use our free Equity release calculator. You can calculate your equity within minutes.
No fees
No credit check required
Retain a 100% ownership of your home
The Equity Released is tax free
Trusted by over 10,000 homeowners
* Depending on your age. Both partners must be over 55
** Nationwide House Price Index. Q3 2020
Equity release is a regulated product. Arranging a home reversion plan or making arrangements with a view to a home reversion plan is governed by article 63B(3) of the Regulated Activities Order
Equity release allows you to extract money (the Equity) out of your home to help you enjoy the retirement you deserve. This can be a loan secured on your home which can be paid back when your house is sold. There are many reasons to release equity from your home.
Reasons to Release Equity:
- Home Improvements A new conservatory or garden
- Holiday Take that once in a life time Family Holiday
- Extra Cash to do the things you want
- Clear Debts or to consolidate loans
- New Car or caravan for your seasonal breaks
We compare all the leading companies to get you the best rates
How Does Equity Release Work?
Equity release comes in two forms, lifetime mortgages and home reversion plans. Depending on your circumstances, as long you are 55 or over and you own your own home you can release anywhere between 10,000 to 50,000*. Below is an example on how to calculate your equity.
If you bought your home 35 years ago, the average house price was £63,938**. That same house is now worth £250,000. If your home is now mortgage free, you will have £250,000 of equity in your home. |
To find out how much money you can unlock from your home, you can use our free Equity release calculator. You can calculate your equity within minutes.