[divider] <h2>How do I qualify for equity release?</h2> The key factors when it comes to eligibility are being over 55 (or 65 for home reversion) and owning your home outright. Some lenders also have minimum property values and won’t approve an application unless your home is worth at least £75,000 on the market. The amount that you can borrow is usually capped based on a percentage of your home’s value, with between 20% and 50% being standard. Some providers go higher than this and others lower - they will base the actual amount you qualify for on the following… <ul> <li><b>Your age: </b>Older borrowers can usually borrow more</li> <li><b>Your health: </b>Those with serious health issues often qualify for higher loans</li> <li><b>Your property: </b>The lender will cap your loan based on a percentage of its market value</li> </ul> [divider] <h2>Making an application</h2> Here’s how you can do it in three easy steps… <ul> <li><a href="https://enquiries.onlinemortgageadvisor.co.uk/match-me-with-an-equity-release-specialist/" rel="noopener noreferrer">Make an enquiry</a> with us and we’ll match you with an expert broker who can offer you bespoke advice and help you decide whether equity release is right for you</li> <li>If, after a free, no-obligation chat, you choose to proceed, your broker will put a plan together based on the amount you want to borrow and all of the costs involved</li> <li>Your equity release broker will help you prepare your initial application and search the entire market for the lender who is best positioned to offer you a good deal</li> </ul>
