Equity Release

Equity release lets you access some of the money tied up in your property tax-free without having to move. You can usually take this as a one-off amount or in smaller amounts as and when you need it (this is often known as a drawdown). 

You will need to consider that taking out a lifetime mortgage will reduce the amount of inheritance you’re able to leave your loved ones, so you might want to discuss this with them. 

It may also affect your tax position and whether you’ll be able to receive means tested benefits now or in the future. 

Equity release isn’t right for everyone and there might be a better way to achieve what you want to do without taking a lifetime mortgage or home reversion plan. 

You’ll need to consider your circumstances and whether you’ll have enough money in pensions, savings or investments to meet your needs. 

We always try to do the right thing for our clients which is we will take the time to discuss what you want to achieve and make a recommendation. We give you advice to help you make an informed choice from the range of products and services available from specific lenders.