Often referred to as later life lending or a lifetime mortgage, equity release allows homeowners aged 55+ to access the value tied up in their property without needing to sell or move out.
- How it works:
- A loan is secured against your home
- You continue to own your home and live in it as normal
- No mandatory monthly repayments (though options exist)
- Interest ‘rolls up’ and is repaid when you pass away or move into long-term care
- The loan is typically repaid through the sale of the property
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Key Features
Even if your circumstances are a little different, you may still have options: - Tax-free cash (released equity is not income)
- Flexible options (lump sum, drawdown, or both)
- Optional repayments to manage interest
- No negative equity guarantee (with regulated plans)
How it works
your enquiry
Share a few details and tell us what you need.
the right solution
Our specialists match you with the best options for your situation.
your funding
Once approved, the funds are released quickly and securely.
FAQs
What is Equity Release?
Often referred to as later life lending or a lifetime mortgage, it allows homeowners aged 55+ to access the value tied up in their property without needing to sell or move out.
Could you end up owing more than the property is worth?
Not with products from the Equity Release Council – these include a No Negative Equity Guarantee, meaning you (or your estate) will never owe more than the value of your home when it’s sold.
Can you make repayments or does interest just roll up?
Many modern products offer flexible repayment options – clients can make voluntary or regular payments for a set period, or indefinitely, to manage the balance, reduce rolled-up interest, or stop it rolling up altogether.
Is equity release only for clients who are struggling financially?
No – it can also be used for retirement planning, family support, debt repayment, home improvements and inheritance tax planning.
Is the released equity taxable?
No – released equity is tax-free cash, not treated as income, and is available as a lump sum, drawdown, or both.