What happens next?

Your Equity Release Journey – Step by Step

At Compare Retirement, we make the equity release process clear, supportive, and as stress-free as possible. Here's how it works:

1. Do You Qualify?

• Do you own your own home?
• Is the youngest homeowner aged 55 or over?

If you answered yes to both, you may be eligible for equity release.
Even if you currently have a mortgage or a secured loan on the property, you could still qualify. It’s usually a condition that any outstanding balance is repaid using part of the funds you release.

2. Speak to an Expert

Contact our friendly team for a free, no-obligation consultation. We’ll discuss your personal circumstances and talk through all available options. Based on your needs, we’ll search the market and provide a tailored recommendation.
You’ll receive a personalised quote by email or post, helping you decide if equity release is right for you.

3. Involve Your Family

We strongly recommend involving your family in the decision-making process. Releasing cash from your home is an important financial step. Our advisers will clearly explain the pros and cons, answer any questions, and provide a detailed personalised illustration for you and your loved ones to review together.

4. Complete Your Application

If you decide to go ahead, we’ll guide you through the application form. Your adviser will be on hand to help every step of the way and ensure everything is submitted accurately.

5. Receive Your Offer

Once your application is approved, your chosen lender will send you a formal equity release offer, including the full terms and conditions of your plan for your review and approval.

6. Legal Process

A solicitor will act on your behalf to complete the legal requirements. You can use your own solicitor, or we can recommend a trusted, independent solicitor from our specialist panel.

7. Completion – Typically Within 6–10 Weeks

While timescales can vary, most equity release plans complete within 6 to 10 weeks from the point of application. We’ll keep you updated throughout and work hard to avoid unnecessary delays.

8. Receive Your Funds

Once everything is finalised, the money is transferred to your account—and it’s yours to use as you wish. Whether you want to clear debts, support loved ones, improve your home, or simply enjoy your retirement, the choice is entirely yours.

 

Have questions or ready to get started?

Call us on Freephone 0800 520 0090 to speak with a qualified adviser today.