What is Equity Release?
Put simply, Equity Release is where you can release equity (money) tied up in your home for any purpose you like. If you or someone you know are over 55 this could be a brilliant way to improve the quality of life in your retirement years and help prevent any financial concerns when you’re no longer working full-time.
Different Schemes
There are schemes to suit everyone. You can choose to make monthly repayments to the lender or not. Either way the outstanding balance is not due for repayment until you either pass away or move into long-term care.
Reasons for Equity Release
Below are some of the most popular reasons why people take out equity release:
Talk to a Mortgage Adviser
It is important to speak to a Mortgage Adviser who is a member of the Equity Release Council as they can help you to make the right decision for your individual needs.
Yesterday
The new Delayed Start Mortgage launched by Skipton Building Society allows first time buyers to postpone the first three mortgage payments. This product has been designed to help soften the blow of moving in costs for first time buyers.
3 days ago
Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer.
A recent study by Boon Brokers where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker.
13 days ago
Analysts are predicting further rate cuts this year, with the next one possibly coming down to 4% when the Bank of England’s Monetary Policy Committee meet on Thursday 7th August 2025.
The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.
20 days ago
Lloyds Banking Group has jumped on the bandwagon to boost lending for first-time buyers as they allocate an additional £4 billion to help first-time buyers on to the property ladder.
As the Loan to Income (LTI) cap has been increased to 5.5 times income, applicants who fit the First Time Buyer Boost criteria could borrow up to 22% more.
The government is introducing mortgage reforms to boost homeownership, stimulate economic growth, and make the housing market more accessible, especially for first-time buyers.
Chancellor Rachel Reeves has announced the most significant mortgage reforms in over a decade—great news for those dreaming of homeownership.
23 days ago
Nationwide ease their ‘Helping Hand’ mortgage designed to help first-time buyers get onto the property ladder by allowing them to borrow up to six times their income.