Do you qualify for equity release?

Use our equity release calculator to find out.

Just enter your details below to see if you qualify and find out how much equity you could release. It is a free and no obligation service and the simplest way to find out if you qualify for equity release and to calculate how much tax free money you can release from your home.

 

Equity Release Testimonials

"I searched for equity release uk then used your equity release calculator and decided to go ahead. It was a great decision." - Paul Giles

 

"I wanted to speak to somebody about home reversion plans but didn't know where to begin so I left my details with you." - Ms. Briggs

 

"Equity release schemes have the potential to be confusing. This site showed me how simple they can be." - Mrs. Jiles

 

"Thanks for helping me find out if I qualified for a home reversion plan." - Mr. Davis

 

"I commend your blog about equity release mortgages." - Mrs. Sampson



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What is the procedure for equity release?

 


Under most normal circumstances the procedure for equity release and home reversion will involve:


Deciding whether you are interested in equity release.

Finding an FSA regulated equity release adviser for a free no-obligation chat to see if you qualify.

 

Discussing equity release with your loved ones.

Discussing equity release with your adviser to see if its right for you.

Finding a suitable scheme with your adviser

Taking out the scheme with the help of your adviser.

 

 

 

What is the criteria to release equity in the UK?



In order to release equity on a house, the following criteria usually needs to be met:
  • The homeowners must be aged 55-95.
  • The home in question must be the candidate's permanent residence and lived in for over 6 months of the year.
  • You must own the home that you want equity release for.
  • The home must be worth at least £50,000.
  • The home must be of a standard construction for most equity release schemes.




 


What are Equity Release Schemes and Home Reversion Plans?


Equity release is an agreement between an older homeowner (55+) and a lender that allows the homeowner to unlock the money tied up in their home.

This money is tax-free cash and enables the homeowner to afford to live the retirement that they have worked for.

If you take out equity release you are able to carry on living in your home for as long as you like without having to pay any more mortgage payments.

For many, the home is the greatest asset. Equity release schemes can turn this asset into a substantial source of income at a time when income is usually fixed and low.

How much equity you can release varies between lenders but usually depends on:

How old you are

How much your home is worth

How much you choose to borrow

Which scheme you choose


 CClick Here to Learn More on Home Reversion Plans

CClick Here to Learn More on the Types of Equity Release Mortgages



What are the benefits of equity release mortgages and home reversion plans?


Retirement is a time of fixed income and many people have valuable homes but little spare cash. Equity release can provide tax-free cash to solve this problem.

Inheritance tax can take up to 40% of your estate. Because of this, many people are using equity release schemes to give to their family before they die.

Two very popular reasons for equity release are to help children with deposits for houses or help with grandchildren's education costs.

Others take out equity release to enjoy the retirement they deserve and to live more comfortably. Some take out equity release schemes to pay off their mortgage and stop the huge monthly bills.

Many retirees release equity to get on with the more interesting things in life such as world travel or visiting family.