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Why and when should you consider equity release?

Written by Tyler Colton

Finding a reliable and trustworthy financial solution can be difficult. However, homeowners aged 55 and over are making the smart choice and are taking advantage of the recent rise in house prices. They're using the UK's most popular form of equity release, a Lifetime Mortgage, to free up cash to fund their goals.

With access to some of the most flexible products on the market, we offer you award-winning, no-nonsense advice through every step of your journey, no matter what you choose.

Read on to receive a free, easy guide to equity release

You can unlock tax-free cash from your home with a Lifetime Mortgage

Whether you are looking for ways to boost your disposable income, improve your home, or help your loved ones financially, your property wealth could be the key to achieving your ambitions.

You could be eligible for equity release today! Why not use our instant equity release calculator below to see how much you could release and also request your free posted and digital guide to equity release?

Equity Release Calculator

How much tax-free cash could you release?

Just a few more details are needed to send you your free guide.

So far, so good! Based on the information you have supplied so far, it looks like equity release could be an option for you.

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 select a method of delivery for you free guide to equity release

5 reasons why equity release could be your solution:

  • Any funds you release are tax-free.
  • Retain 100% ownership of your home.
  • Your home cannot fall into negative equity.
  • Results are instant and no credit check.
  • Pay off any existing mortgages, meaning no more monthly repayments.

So, what is equity release?

Equity release can come in two forms – Lifetime Mortgage products and home reversion plans.

Only with a Lifetime Mortgage can you release tax-free cash from your home and still retain full homeownership. That is why Your Choice Equity Release only offers advice on Lifetime Mortgage products.

When releasing equity in this way, you do not have to commit to monthly payments. Instead, interest will be added to the amount released and build-up over time, typically with a fixed for life interest rate. If you choose not to make any payments, then the full amount borrowed plus interest will usually be repaid with the sale of the home after you die or enter permanent long-term care.

What is equity release?

Why is releasing equity so popular?

Equity release can be used for all sorts of different things and this is why it is such a popular product. It’s your choice, you can:

  • Make those home and garden improvements you've been dreaming of for years.
  • Lift the weight of required monthly repayments by paying off your existing mortgage. This could give you a boost to your disposable income so that you can continue to enjoy life's little luxuries.
  • Help loved ones financially. Whether you want to gift an early inheritance, help with living costs at university, contribute to a house deposit or finance a wedding, equity release could help you to give your family a boost.
  • Enjoy life to the fullest and fund your long-held goals. Buy that new car, caravan or motorhome that you've always wanted, or fund your dream holiday.

It's important to be aware that releasing equity with a Lifetime Mortgage will reduce the value of your estate and could affect your entitlement to means-tested benefits. Speak with one of our advisers to understand the features available to help control these risks.

I do not normally write reviews, unless I feel the service was exceptional.

“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.”

Mr. Sharratt, Cumbria, England

Whatever it is you want to do, equity release can help make it possible.

Use our equity release calculator or get in touch with Your Choice Equity Release on: 0800 041 8044

Alternatively, you can click the below button to schedule a call at a time that suits you:

Schedule a call

Our opening hours are: Monday to Friday 9am to 8pm and Saturday 9am to 5pm

Why is Your Choice the right choice?

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.

Our products are provided by

Canada Life - Partnership

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.

Beside we have listed some of the main questions our customers have when considering releasing equity.

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.

We will work to find the plan that best suits you based on your personal circumstances. There are a number of different types of Lifetime Mortgage product, based on how you want to release the funds and what features will be a priority for you.

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.

What to do next

You can use our handy calculator and guide to find out exactly how much equity you can release.

Get personalised help and advice: