Equity release is a way of releasing cash (equity) from your home while you still live there. The most popular type of equity release is called a lifetime mortgage, which is a loan secured on your home.
Lifetime mortgages are available to homeowners aged 55 or over. You can take the money as a lump sum, series of lump sums or as a regular income. No repayments are required until you die or move out of your home into long-term care.
Use the money however you want
Home improvements, pay off an existing mortgage or just topping up your monthly income – it’s up to you. There may be cheaper ways to borrow money
Provide an inheritance
You can protect part of the value of your home so it can still be left as an inheritance. More about equity release and your inheritance
You don't have to move home
A lifetime mortgage means you can stay in your own home, but still access the money tied up in it
Fixed interest rates
Our rates are fixed so they will never change during the life of the loan
Nothing to repay while you live in the home
You don’t have to repay any of the money or the interest until you die or move permanently out of your home into long-term care. Repaying a lifetime mortgage
No negative equity guarantee
Whatever happens to the value of your property, you will never owe more than the price it is sold for. Subject to terms and conditions
12% said they'd use their lifetime mortgage to pay off an existing mortgage
25% said they'd use their lifetime mortgage to make some home improvements
9% said they'd use their lifetime mortgage to gift money to or support their family
Equity release calculator
This calculator helps you see how much equity you could release with a lifetime mortgage, a loan secured against your home. We'll ask you to register your details to show you the calculation, then give you a call.
Since 2015, we've lent £4.4 billion.
We've lent to over 89,000 customers.
On average, we process 400 applications each week.
Get in touch to see if we can help you release equity
To have a chat about your options for releasing equity from your house, call us on the number below.
For any other enquiries please get in touch via our contact us page
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