Equity release products are booming in popularity and there are hundreds of products available on the market. Our impartial and expert equity release advisers can search across the whole of the equity release market to find the most suitable lender for your criteria.
Our award-winning equity release brokers are here to help you to understand equity release, so you can decide if it is right for you.
There are two main types of over 55 home loans or equity release products:
- Lifetime Mortgage: This is the most common type of equity release. The mortgage is secured against your home and you can remain there.
- Home Reversion Scheme: With these types of plans the money is raised when you sell all or part of your home to a home reversion provider in return for an income or lump sum, while you continue to have the right to live in your home.
Many people wonder if equity release is safe. These products are regulated by the Financial Conduct Authority (FCA) and this regulatory body ensures protection for consumers. We are also FCA-regulated and members of the Equity Release Council, who provide additional safeguards, including a no negative equity guarantee, which means that you will never owe more than the value of your home. All the providers that we recommend are covered by Equity Release Council guarantees.
Should equity release not be the right option for you, we can recommend other options such as downsizing. We also have access to other products, such as traditional and interest-only retirement mortgages.
Talk to our advisers now on 0333 000 2097.