Your Questions. Answered.

• What exactly is equity release?

  When you release equity you are unlocking the value in your property. Normally this value is unlocked when you pass away and your family sells your home. Equity release means you can access a lump sum payout, from your property, whenever you wish, to spend as you wish.
  
  If you are over 55 and own a property worth at least £70,000, you should be eligible for an equity release plan.

• Will I still own my home?

  Most people select a lifetime mortgage which means they still own their home. You won't have to move - all plans approved by the Equity Release Council give you the right to stay in your home until you die or move into long-term care.
  
  After your death, the property will be sold and your mortgage will be paid off. Any remaining money will go straight to your family or beneficiaries. If the property is sold because you move into long-term care, the mortgage will be paid off, and any remaining money will be returned directly to you.

• Is there a chance I could pass debt onto my family and those I love?

  There is no chance. All brokers follow the Equity Release Council's guidance - meaning negative equity is not possible when the house is sold following death or after you enter into long-term care. This means you will never owe more than the price of your property, regardless of house price changes.

• How much money could I release?

  The easiest way to find out is by using our free Equity Release Calculator.
  
  The amount of money depends on factors such as your age, your health and the value of your property.
  
  Our calculator will show how much you could release. An advisor can then understand your specific circumstances and suggest suitable options