If you’re 55 or over and a homeowner, you may be considering equity release to access some of the money tied up in your home. Put simply, the equity in your home is the difference between the market value of your property, and your outstanding mortgage or debts on it.
Many people find that when they reach retirement age, they have a lower income than they would like. Equity release allows you to access this money in one lump sum or several small payments, so whether you want to make home improvements, provide financial support to your family, or just need to supplement your retirement income, you can do so while continuing to live in your home.
A lifetime mortgage is the most popular type of equity release scheme, where money secured against your home is borrowed at a fixed or capped interest rate. Instead of making monthly repayments, the loan is paid back with interest when the property is sold. The sum of money that you can borrow is typically dependent on your age and the value of your home.
Although equity release can be beneficial to many people, it’s essential that you are fully informed about the impact that it will have on you and your loved ones. Our advisers are fully qualified and experienced when it comes to advising on equity release, and as a member of the Equity Release Council, we’re committed to a Statement of Principles, which ensures that our customers are offered the best protection.
Not the right service for you?
Your trusted adviser will work with you to help you choose the best options for you
Our expert case managers are on hand to complete all of the paperwork and make sure everything is on track
We’re with you throughout your journey – all the way up until the keys are in your hands or the investment is financed!
From sharing our experience of the market and its best products, to sharing knowledge of how we have helped others achieve their dream home or holiday, advice is at the heart of our business.
The market constantly changes and so do we. We run regular industry training and informal learning sessions for our advisers, sharing knowledge and tips on best-practice and industry standards. We work with ambitious individuals to continually improve the level of insight and service they can offer clients.
Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it. The actual rate and fees charges will depend upon your circumstances. Ask for a personalised illustration. UK Adviser is a trading name of The UK Adviser Ltd, which is authorised and regulated by the Financial Conduct Authority (Ref: 798920). Registered with the Information Commissioner’s Office (ICO) Ref: ZA286899
Giving back to local communities is central to the work we do. From impartial advice, to charitable donations, each member of the team shares their time, energy and resources to improve your world and go the extra mile.