5 REASONS WHY 2021 IS THE BEST YEAR TO RELEASE EQUITY IN YOUR HOUSE.

Releasing equity from your home doesn’t mean you have to move – and it’s totally tax-free. Here’s how

Equity release is fast becoming the over-55s financial activity of choice – and it’s really no wonder that over 46,000 Brits a year take advantage of it. As a fantastic option to achieve the lifestyle you’ve been waiting for, releasing equity from your home could give you the cash boost that makes all the difference.The average lifetime mortgage product rate reached a record low of 3.95% in January 2021, with a quarter of products now offering rates of 3% or lower⁽¹⁾

Five Reasons why Equity Release is becoming increasingly popular:

1. You still own your property.
   Yes, that’s right – 100% of it! Equity Release has long been subject of myth, from it not being safe to possibly losing your home – however with a Lifetime Mortgage, the UK’s most popular form of Equity Release, you still own 100% of your home.


2. Any funds that you release are tax-free.
   With a Lifetime Mortgage, unlike many other forms of equity release, you can release tax-free cash from your home whilst retaining full ownership of your home.Check to see exactly how much tax free cash you can unlock.


3. You can choose to make optional repayments to reduce the roll-up of interest if you choose.
   Lifetime mortgages are becoming increasingly popular as you can take advantage of your property wealth to fund your later ambitions, with the option of making or not making repayments. Interest is charged on the amount released, with interest rates typically fixed for life. If you do not choose to make repayments then the amount you have borrowed plus the interest can be repaid at the end of the term, often via the property sale.


4. Equity release can be used to pay off existing mortgages.
   Equity Release can be used to repay an interest – only mortgage. Fortunately, many homeowners have enough equity built up in their homes to repay their mortgage, which means no more monthly repayments! Speaking to an Equity Release Advisor will help homeowners understand which Equity Release Option may be best suited for your individual circumstances.


5. Fully Regulated and Trusted Product.
   Thankfully, Equity Release is a 100% fully regulated product offering peace of mind to those that do take out a plan. A further safety net is the mandatory inclusion of the No Negative Equity Guarantee which legally covers you from never owing more than the value of your property. It is important to note that Equity Release isn’t right for everyone and by speaking to an FCA regulated advisor, they can give you expert advise which is unique to you and your circumstances.

See if Equity Release is right for you. Select your age range below and use the free Equity Release Checker to see how much you can unlock.

Do I Qualify for Equity Release?

• I'm 55+ (minimum age lenders will accept).
• UK resident and own my home.
• My property is located in the UK.
• My property's value is at least £70,000.
• I plan to release a minimum of £10,000.

Your expert adviser will clearly explain your eligibility and only recommend a plan that suits your personal circumstances.

To get started you just take two simple steps:

Quicky Calculate How much you could release