Give our equity release calculator a go
Our calculator will give you an idea of just how much money you could release from your home. Simply choose your age, property type and estimated property value.
As a reminder – equity release is a way of turning some of the value from your home into tax-free cash. The type of equity release we offer is called a lifetime mortgage. It’s a long-term loan you can apply for once you’re aged 55 or over. And it’s normally repaid using your home once you pass away or need long-term care.
Important things to keep in mind
If you decide to take a lifetime mortgage:
- It will reduce the amount of inheritance you’ll leave behind
- It may affect your tax position and welfare benefits you’re entitled to
- Interest will be added yearly on the amount you’ve borrowed and any interest already added – it’s known as compound interest
- Remember it’s a lifetime commitment – and if you decide to end the loan sooner, you may need to pay a substantial early repayment charge
One of our Qualified Equity Release Advisors will contact you with a detailed quote and can discuss the finer details of Equity Release with you.
We can also refer you to our recommended solicitors Equilaw
Want to know more, then Contact Us