We offer advice on Lifetime Mortgages, the UK’s most popular type of equity release. Lifetime Mortgages are a long-term loan, designed for homeowners aged 55 and over. This flexible product allows you to release tax-free cash from your property while retaining full ownership, so you'll avoid the stress of moving in order to access the built-up value in your home.
We’re working with one of the most established and trusted Lifetime Mortgage lenders in the UK, Canada Life, to offer an award-winning range of products to suit your needs.
“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.”
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.
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.
Before meeting with an equity release adviser, the Information Team are on hand to assist you with your enquiry. It's their job to provide you with an overview of how equity release works and to help find out if your property could be eligible.
Where possible, they can also provide more accurate estimates of how much you could release. After your chat with the Information Team, they can also help you to book in a no-obligation appointment with one of our fully qualified equity release advisers.