Equity release.

Get tax free funds from your home.

If you (& your spouse) are over 55 and your property is worth over £60k you may be able to free up tax-free cash that is tied up in your home.

Equity release works rather like a reverse mortgage. It provides cash now to spend as you wish, with the interest on the money borrowed only repaid after death or moved into long term care.

Types of equity release

Lifetime mortgage.

A lifetime mortgage is a long-term commitment which could accumulate interest and is secured against your home. Equity release is not right for everyone and may reduce the value of your estate.

Home reversion plan.

You release funds by selling all or part of your home while you continue to live in it. The property is then ‘leased’ back to you either rent-free or on a nominal rent basis.

Both options include two very important guarantees:

A guaranteed right to remain living in the property that you have released equity from, either for life or until you need to go into long term care.

No negative equity – guaranteeing that the amount needed to repay the equity release plan can never exceed the value of the property itself, meaning no debt can ever be left behind for your beneficiaries.

The amount you can borrow depends on your property’s value (minimum £60,000) and your age (you and your spouse should both be over the age of 55).

The good news is that there are some providers that do not have a maximum age limit so you are never too old to consider equity release.

At Home of Mortgages we only use providers who are members of the Equity Release Council.

It is very important to weigh up your options before deciding if Equity Release is the right choice. Call us on 020 8517 1141 today to discuss your requirements and we'll talk you through the best way forward for you.

Equity Release mortgages are arranged by Introduction only.

Make a quick enquiry.

Get mortgage happy.

Enquiry form

Would you like us to call you?

Home of Mortgages will be what is known as the ‘controller’ of the personal data you provide to us. We only collect basic personal data about you which does not include any special types of information or location-based information.

Why do you need my data and what will it be used for?

We need to know your basic personal data so we can make contact with you and respond to your message, request or query. All the personal data we process is processed by our staff in the UK.

Who is my data shared with?

Your data will only be shared with third parties if this is necessary to respond to your request. If this is the case, we will seek your permission before passing on your details.

How long do you keep my data for?

We may store your data for up to six years past the end of any business relationship, after which time it will be securely destroyed. If you would no longer like us to process your data at any time, you have the right to object to processing of your data. To do this, please contact enquiries@homeofmortgages.co.uk

What are my rights?

You have the right to object to the processing of your data. You also have the right to request access to your data at any time. You have the right to rectification and/or erasure of personal data or restriction of processing. If you wish to raise a concern related to how we have handled your personal data, you can contact us to have the matter investigated at compliance@sdlgroup.co.uk. If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law, you can complain to the information commissioner’s office: https://ico.org.uk

By selecting the box, you acknowledge that you have read and understood the above privacy notice and consent to its terms.

We’ll find you the best
from the best.

  • BM Solutions from Birmingham Midshires
  • Virgin Money
  • The Mortgage Works
  • Platform, part of The Co-operative Bank
  • Kent Reliance for Intermediaries
  • Natwest
  • Post Office Money
  • Bank of Ireland for Intermediaries
  • Nationwide
  • Accord Mortgages
  • Scottish Widows
  • Halifax
  • Paragon

Remember Your home may be repossessed if you do not keep up repayments on your mortgage

back to top of page