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Can I Get an Equity Release if I Have a Mortgage? Yes, you can. Even with an existing mortgage, equity release remains an option. If you are over 55 years old, your circumstances may make you eligible or not, so it’s vital to explore what suits you best. Here’s how it works: the equity you […]

Is it Possible to Get an Equity Release in Scotland? Yes. Equity release is possible for Scottish homeowners as it is for those elsewhere in the UK. Equity release providers are financial institutions or companies that offer schemes enabling you to access the cash tied up in your home.  These providers lend money against the […]

How Does Equity Release Interest Work? When it comes to equity release, understanding how interest is calculated and added to your loan is crucial.  Over time, this interest can significantly increase the overall amount you owe.  The two most common types of equity release products – Lifetime Mortgages and Home Reversion Plans – have different […]

Can I Get Equity Release On Any Property Type? Regrettably, not every property can tap into the benefits of equity release. Lenders focus their decisions on distinct attributes of a property to ensure a profitable and secure agreement. But fear not; the stage is wide, and many property types are invited to perform. Location, Value, […]

What is Equity Release? Equity release is a financial solution that allows homeowners, usually over the age of 55, to access the wealth (or ‘equity’) tied up in their property.  This allows you to keep your home and get a lump sum, regular payments, or both, based on the value of your property. There are […]

What is the Minimum Age for Equity Release? Equity release becomes an option once you reach the age of 55. This age limit is established by most providers, although certain plans may specify a higher threshold, such as 60 or 65 years old. It’s important to note that removing someone from property ownership to satisfy […]