Want to know more about Equity Release Mortgages? Read our hub to find the information you need
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Equity release is an umbrella term for a range of products that let retired homeowners access the cash they’ve built up in their property over the years in the form of a loan. This capital can be released as a lump sum, in installments or a combination of the two.
Releasing equity from a property should never be done lightly and it’s essential that you do your homework first. Read through our range of articles on equity release below to find out how it works, how to qualify for it and where to find a broker who specialises in it.
The place to begin for a complete overview of equity release, including lifetime mortgages, home revisions plans and potential alternatives for retired homeowners.
Find out what the minimum and maximum ages for taking equity release are and what restrictions providers might apply if you’re a certain age.
Learn what types of property you can claim equity release on and what restrictions you might encounter if your home is unusual or non-standard.
A guide to paying off an equity release loan before the end of the agreement and what the implications of settling up mid-term could be.
Find out what the maximum amount of capital you can release via equity release is and what affects the size of the loan you qualify for.
Find out what happens to a property you’ve taken equity release on after you pass away, including how the debt is settled and more.
A guide to home reversion plans, including how they work, how they differ to other equity release schemes and why experts recommend lifetime mortgages instead.
A rundown of the advantages and disadvantages of equity release schemes to help you decide whether it’s the right option for your needs and circumstances.
An overview of the different types of equity release schemes available, including lifetime mortgages, home reversion plans and everything in between.
A guide to taking an equity release loan on an interest-only basis, how it differs from the alternatives and why you’d choose this product type.
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*Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.
Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.
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