How does Equity Release work?

Thinking About Releasing Equity from Your Home?

If you're considering equity release, our friendly and experienced advisers are here to guide you through the process—at your own pace, with no pressure. You'll never be under any obligation to proceed, and we’ll only recommend a plan if it’s genuinely right for you.

Do You Qualify for Equity Release?

To be eligible for equity release, certain criteria must be met:

You must:f

• Be aged 55 or over (for joint applications, both applicants must meet this age requirement)
• Own and live in the property you wish to release equity from
• Be able to release enough equity to repay any outstanding mortgage or secured loan in full

Your property must:

• Be located in the UK, including Northern Ireland
• Have a minimum value of £70,000
• Be freehold or leasehold (with at least 75 years remaining on the lease)
• Be of standard construction and in good condition

Why Equity Release Is Increasingly Popular

With longer life expectancy, rising living costs, and reduced pension incomes, many people are turning to equity release as a way to support their retirement lifestyle.

For most homeowners, their property is their largest financial asset—often worth more than their savings or pension. Equity release provides a way to access some of that value, without having to sell or move.

Homeowners aged 55 or over can unlock tax-free cash, while in most cases still retaining full ownership of their home.¹

The most common reasons clients choose equity release include:

• Repaying an existing mortgage or debts
• Funding home improvements or renovations
• Enhancing lifestyle and quality of life in retirement

¹ You will continue to own your home with a Lifetime Mortgage, which is the most popular type of equity release plan.