Call today between 9am and 8pm: 0800 041 8045
Products provided by

How much tax-free cash is now available?

New plans may have become available since your last enquiry.
Find out how much you could borrow using our free calculator.

Update Your Calculation

Have any of these details changed, . ?
The age of the youngest homeowner affects how much equity you can release. You must be aged between 55 and 110 to be eligible for equity release.
£ Enter the value of your property to calculate how much you can release. You must own a home with a minimum value of £70,000 to release equity.
Please enter your telephone number. We will use this number to confirm the address details provided.

What is equity release?

Equity release has become an increasingly common way for homeowners across the UK to fund their dreams in later life. Rising house prices over recent decades means that the UK’s over-55s have more equity than ever locked up in their properties; equity that can be accessed using a Lifetime Mortgage, the most popular form of equity release.

With a Lifetime Mortgage, unlike other forms of equity release, you can release tax-free cash from your home whilst retaining full ownership, and without having to commit to making monthly payments.

Why choose Your Choice Equity Release and Canada Life?

Canada Life - Stronger together logo

The team behind Your Choice Equity Release have over a decade's worth of experience offering an award-winning equity release advice service. In order to offer our customers access to market-leading products, we have chosen Canada Life, one of the most established and trusted equity release lenders in the UK. With our quality advice, and Canada Life's market-leading products, we have built a service that you can trust.

Trust Score 5 out of 5
Based on over 1,240 reviews on Trustpilot

Our 5-star rated service.

“Richard Johnson was my Equity Release advisor, who I can genuinely say, did a thoroughly professional job in keeping me informed, raising the pitfalls, as well as the advantages of the various options, and monitoring the paperwork throughout this process. I do not normally write reviews, unless I feel the service was exceptional.”

5 out of 5

Mr. Sharratt

Cumbria, England

“I contacted Mr Kevin Williams to help guide us through the ER process, Kevin was extremely helpful, polite and kept us informed at all times. He was very efficient and keen to answer our questions, how nice to deal with somebody that is not ‘pushy’ or ‘aggressive’, I have the greatest respect for Kevin and should anybody read this review then fear not you will be in safe hands.”

5 out of 5

Mr. & Mrs. Croft

Denbighshire, Wales

What are my next steps?

Talk to us

Our Information Team are here to provide you with initial estimates, facts and figures.

When you’re ready, they can arrange a free, no-obligation appointment with an adviser.

Get expert advice

One of our fully qualified equity release specialists will provide you with expert advice.

Your adviser will help you see if equity release is the right option for you.

Make your application

If you are happy with our recommendation and choose to proceed, your adviser will be on hand to help with the paperwork.

Your property will be surveyed and, if it is acceptable, you will receive your mortgage offer.

Receive your tax-free cash

Your chosen solicitor will talk you through the terms of your offer before you commit to anything.

Then, once any secured charges and mortgages have been cleared, your funds will be transferred to you.

Equity Release FAQs

Your questions answered

Equity release is becoming increasingly popular as UK homeowners look to take advantage of their property wealth to fund their later life ambitions. However, equity release products are still not widely understood and are often the subject of decades old myths concerning safety, how much you can release and how much you could owe. Below we have listed some of the main questions our customers have when considering releasing equity.

If you're over the age of 55, then you could be eligible for the most common form of equity release, known as a Lifetime Mortgage. This product enables you to access tax-free cash from your home whilst still maintaining full homeownership. Lifetime Mortgages are becoming increasingly popular, as you can take advantage of your property wealth to fund your later life ambitions, with the option of not making any repayments during your lifetime.

As you are unlocking value from your home however, it is worth noting that releasing equity could impact the value of your estate and your entitlement to means-tested benefits. Our advisers will talk you through this and provide you with a personalised illustration.

The amount that you can borrow depends on the value of your home and the age of the youngest homeowner on the deeds. In some cases it could also be impacted by your health. To be eligible the youngest homeowner must be aged 55 or over, and the property must be worth at least £70,000.

Based on your personal circumstances we will work to find the plan that best suits you. There are a number of different types of Lifetime Mortgage, based on the way you release the funds and whether or not you wish to make voluntary repayments during your lifetime.

Lifetime Mortgages have no fixed end date and the mortgage balance is due for repayment once the last homeowner on the deeds has either passed away or entered into long-term care. Typically, this is achieved through the sale of the property.