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.

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Taking an equity release lifetime mortgage may impact on current and future entitlement to means tested state benefits. Ask for a personalised illustration to understand the risks. Lifetime mortgages have voluntary repayment options which enable the balance to be maintained if desired. We provide detailed illustrations and projections to help you understand whether this is a suitable solution for your requirements. Your information is secure.
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Taking an equity release lifetime mortgage may impact on current and future entitlement to means tested state benefits. Ask for a personalised illustration to understand the risks.
Lifetime mortgages have voluntary repayment options which enable the balance to be maintained if desired. We provide detailed illustrations and projections to help you understand whether this is a suitable solution for your requirements.

Your information is secure. We don’t sell your data to third parties