Equity Release & Later Life
The Pros and Cons of Equity Release: Weighing it up
Equity release frees tax-free cash from age 55 with a no negative equity guarantee, but it cuts inheritance and rolls up interest. Here are the pros and cons.
Free tool
Equity Release Calculator
Get an indicative idea of how much tax-free cash you might release from your home, based on your age and its value.
You might release up to£108,500
indicativeAround 31% of your property’s value at your age.
A rough indication only. The actual amount depends on the provider, your age, health and property. Equity release is a big decision that reduces your estate, and regulated advice is required before taking one out.
Before you go further
Equity release lets homeowners aged 55 and over unlock some of the value tied up in their home, usually through a lifetime mortgage. The older you are, the higher the percentage you can typically release.
It is a major, long-term decision: it reduces what you leave behind, can affect means-tested benefits, and interest rolls up over time. Regulated advice is required before you take a plan out, and the consumer protections are worth understanding first. Weigh up the pros and cons carefully.
Keep reading
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Equity Release & Later Life
Is Equity Release Safe? What You Should Know
Equity release is FCA-regulated, and reputable plans carry a no negative equity guarantee so you can't owe more than your home's value. Here are the key safeguards.
Equity Release & Later Life
What is a Lifetime Mortgage?
Learn how a Lifetime mortgage works. Get a lump sum or fixed income for life by securing a loan against your property.