The guide to using equity release to unlock property wealth later in life

Your home may be one of the largest assets you have. With property wealth often inaccessible, you may be considering using equity release to unlock some of the money tied up in your home.

Each provider will set their own criteria. However, to be eligible, you’ll usually need to be aged at least 55 and the property must be your main home. Your age and the value of your home will affect the amount you can release.

You can use equity release if you have a mortgage. You must use the money released to pay off any outstanding debt that’s secured against your home, including a mortgage or loans, along with any early repayment fees.

If equity release is something you’re interested in and want to understand if it could be right for you, read our guide to find out more on 4 potential benefits of using equity release and also 4 possible drawbacks.

Download your copy here

Please note: This guide is for general information only and does not constitute advice. The information is aimed at retail clients only.
Think carefully before securing other debts against your home.

A lifetime mortgage is a loan secured against your home. To understand the features and risks, ask for a personalised illustration. Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits. Your home may be repossessed if you do not keep up repayments on your mortgage.

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