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Equity release allows you to release a portion of your home's value as a tax-free cash lump sum. The most popular way to achieve this is with a Lifetime Mortgage. With this type of equity release product, there are no required monthly payments and you do not need to sell any part of your home.
Our free online equity release calculator will show you an estimate of how much you can release from your home with a Lifetime Mortgage.
When you consider releasing equity from your home, you should know that taking equity from your home now will reduce the value of your future estate. Any entitlement to means-tested benefits that you have could be affected too. Speak with one of our advisers to learn more about the plans available to help mitigate this.