What’s the difference between Equity Release & Lifetime Mortgages?

Equity Release is simply a term for raising equity. An equity release lifetime mortgage is the most common method of safely accessing this equity from your home, tax-free.

Are lifetime mortgages safe?

All lifetime mortgage UK lenders are all fully regulated by the financial conduct authority (FCA). Your lifetime mortgage quotes will only be from Equity Release Council Plans for your added peace of mind. The council are the industry trade body who provide several codes of conduct for your added security, including the essential guarantee you will never enter into negative equity.

Can I make repayments?

Usually you can repay up to 10% of the amount borrowed within any 12 month period. This is on a flexible basis and completely voluntary.

How do I find the most suitable option for me?

We can put you in touch with an expert who will review and assist with this process to compare equity release schemes and interest rates for you.

Do I have to sell my home?

The most common form of raising equity is a lifetime mortgage where you maintain 100% full home ownership for the rest of your life, or joint lives where applicable.

Can I use my equity for early Inheritance or for tax-planning?

An equity release lifetime mortgage can be used for estate planning purposes. When you request your quotes, we will put you in touch with an expert adviser to discuss this in more detail.

Later Life Mortgages & Inheritance Tax

Increasing numbers of homeowners are unlocking their equity with lifetime mortgages as a wealth planning strategy.

Taking equity from your home to gift to family members can form a useful inheritance tax planning strategy to avoid or reduce your inheritance tax bill.

From gifting a home deposit, school fees or simply a cash injection a ‘living inheritance’ can also provide you and your family with a mutual appreciation of the joys of gifting and receiving, especially whilst you can appreciate the the benefits.

This also forms part of your inheritance tax plan for the future, as the mortgage sum is deducted from your estate on last death or long term care.

Request further information and a lifetime mortgage review below.

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Equity Release & Inheritance Tax: Why Later Life Mortgages are the Key

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Increasing numbers of homeowners are unlocking their equity with lifetime mortgages as a wealth planning strategy.

Taking equity from your home to gift to family members can form a useful inheritance tax planning strategy to avoid or reduce your inheritance tax bill.

This also forms part of your inheritance tax plan for the future, as the mortgage sum is deducted from your estate on last death or long term care.

Discover How Later Life Mortgages Can Preserve Your Wealth

Can Gifts To Family & Grandchildren From A Lifetime Mortgage Benefit Your Inheritance Tax Planning?

Considering equity release and inheritance tax planning, wealth accumulation in the UK property market creates an asset but also a potential tax issue for increasing levels of pensioners.

Grandparents gifting money to family and grandchildren can make excellent financial sense in order to distribute and your preserve wealth, tax-free.

From gifting a home deposit, school fees or simply a cash injection, giving a ‘living inheritance’ can also provide you and your family with a mutual appreciation of the joys of gifting and receiving especially whilst you can all appreciate the the benefits.

This can also form part of your inheritance tax plan for the future.

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"Superb in sourcing and arranging my lifetime mortgage"

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Inheritance Gifting Mortgage Calculator

Do you want to use the equity in your home to gift your families an early inheritance?

With Compare My Equity’s Instant Equity Release Calculator, we can tell you in seconds how much equity you could potentially release from your home

Is Equity Release Subject to Inheritance Tax?

If you make a gift and survive for 7 years or more, the gift can be tax-free, making this gesture a popular method of distributing and preserving your hard-earned wealth. This means the equity release is not subject to inheritance tax, provided you live more than seven years following the gift.

Gifting an early inheritance can be done via special lifetime mortgages, which give you the power to safely unlock tax-free equity from your home. Repayments are optional and home ownership is retained for life. This provides a safe way to unlock your property wealth now without having to move home, although you can still downsize, if you wish. The Experts Later Life Finance will provide you with expert information and personalised illustrations on all your options