Equity release is a big financial decision. Already have a lifetime mortgage? Health conditions could help you borrow more money. What are the alternatives to equity release? You need to be clear about the effect that this type of mortgage will have on the equity you hold in your home. A financial adviser could help you decide. If two people take out an equity release product, the age of the younger partner will be used. Solvency II seeks to value assets and liabilities at the amounts for which they could be exchanged or settled between knowledgeable, willing parties in an arm’s length transaction. The many alternative options available to you are discussed here. The most popular equity release scheme. Make ad-hoc repayments which can help manage your final balance to be repaid. This can depend on your age, your property's value, the equity release scheme you use and how much equity you sell. 2.73%. To understand their features, benefits and risks, please contact Equity Release Supermarket for a no obligation, personalised, key facts illustration. It’s a good idea to shop around and find the best interest rate for you. Find out how much money you could save your estate by making ad-hoc payments to reduce your final balance. What should you be thinking about before taking the next step? It's paid back, with interest, when your home is sold. It is not usually possible to take out equity release under 55. Why is it important to have expert financial advice when taking out an equity release plan? Learn what they are. Information and qualifying criteria on these lifetime mortgages here. There are several costs that come with equity release and this can affect the benefits you receive. With both of these options you can choose to 'ring fence' a proportion of the property's value for later use, such as for your family's inheritance. What is the difference between Visa and MasterCard? If you do share your details with us, we promise to keep them safe. You'll be able to see the mortgage products you are eligible for and the best equity release rates available. Use our enquiry form to get a personalised mortgage quotation. Free equity release quote - There is no obligation and quotes are free. The most popular plan is a lifetime mortgage - where the homeowner retains ownership of the property but the property is charged with the repayment of a loan or mortgage, which accrues rolled-up interest over the period of the homeowner's lifetime. You can release money from your second or holiday home. You may even be wondering, is equity release safe? Data from the Equity Release Council’s (ERC) Autumn Market Report shows over half of products were offering rates of 4% or lower while a fifth had rates below 3%. We need your correct email address to send you your quotation results. If you are in any doubt, seek independent advice. Provider. Interest on equity release. Find out the maximum amount of money you could borrow with equity release. Learn what the other qualifying criteria are for equity release. Or you could consider remortgaging to release equity. See if there's a minimum sum you can withdraw each month, or a minimum lump sum. We are classed as a credit broker for consumer credit, not a lender. Compare interest rates on equity release and maximum LTV to find the best equity release deals. Lifetime mortgages are available to homeowners aged 55 or over. Entering into a lifetime mortgage or any kind of equity release may reduce the amount of inheritance you can leave for loved ones. Equity release refers to products that let you access the cash (equity) tied up in your home. Property equity release can be helpful to people aged 55 and over, who've paid off their mortgage. Find the right equity release plan for you. At the end of the plan, the property is sold and the proceeds are divided according to the remaining proportions of ownership. 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