New to Equity Release?
If you have a client over the age of 55 who would like to make the most of the equity in their property, but you are not qualified to provide advice in this area of the market, you can refer them on to our selected Equity Release partners who can give expert advice and get the right solution for your clients circumstance.
Equity Release is a way for those over the age of 55 to release equity that is held up in their property due to house price increases over the last few decades. It allows them to use the cash for whatever purpose they wish while still owning their home.
To release equity via a lifetime mortgage, your client must be a UK homeowner aged 55 or over. The amount of cash that can be released from a client’s property depends on their age and property value.
There are no fixed end dates with Lifetime mortgages, and they are due for repayment once the last homeowner on the deeds either dies or enters into long-term care.
Interest rates are typically fixed for life and if your client does not want to make repayments over the course of the loan, then the amount borrowed, plus interest is simply repaid at the end of the term, often through the sale of the property.
This website is designed to give professional financial advisers information and tools that they can use to help control and develop their business and should not be relied upon by private investors or any other persons.