Is equity release safe?

If you do wish to move, you'll have the right to take your equity release plan with you to a new home. The property will need to meet your lender's criteria.

With a lifetime mortgage, you still own your home. With a home reversion, you are the beneficial owner; both give you the right to stay in your home for life.

Drawdown plans are a specific type of lifetime mortgage. They give you the option of setting aside a sum of money to draw from in the future, should you need to. These plans can be used to reduce the overall cost of your equity release plan, and give you more flexibility.

Protect a portion of your home’s future value and leave it as a guaranteed inheritance for your loved ones. This is a great way to ensure that your family can still benefit from your estate – but it’s still a good idea to discuss equity release with them before going ahead.

If you or your partner have any health conditions, or make certain lifestyle choices then you may be able to release more money and/or get a better interest rate. Health issues such as diabetes, heart problems or high blood pressure are typical examples where you could qualify for an enhanced lifetime mortgage.

Need more money or want your current plan reviewed, check out your options

Could a tax free cash lump sum that you can spend how you wish help you get the things you want out of life?

Find out how to apply for an Equity Release plan and what to expect

Find out all of the necessary facts and information to see if it's right for you.