Unlock the equity in your home with Equity Release

If you are aged between 55 and 90 we can help unlock the equity in your home. This could ensure that you have a better retirement by increasing your monthly income, providing a tax free lump sum, or both.

When deciding on whether equity release is a suitable plan, it is important to ensure that you fully consider the impact of a plan of this type. This is why we offer a fully advised service, which includes a comprehensive review of your current situation.

Making Sure Equity Release is right for you

Our assesment includes looking at your entitlement to State Benefits, and how releasing money from your property may affect this. We also look at your entitlement to grants such as the Warm Front Scheme.  We make sure that you are not financially disadvantaged by taking out any equity release plan.

We also will look at how this would affect any inheritance you plan to leave your children, and the affects of long term care, for example should you need to go into a nursing home. We then explain all of the advantages, and disadvantages of equity release, and ensure that you fully understand these before you commit to any plan.

Which types of Equity Release are available?

There are many different types of equity release schemes available. Some involve selling all or part of your home, in exchange for a lump sum. These are called Home Reversion Plans Others involve taking out a mortgage on the property in exchange for a lump sum or monthly income. These are called Lifetime Mortgages. Some involve making monthly repayments, and some do not.

Equity release schemes do not usually take into account your income, or credit history, but instead takes into account your age, the value of the property, and in some cases your health. Different providers will release different amounts, and we will conduct a comprehensive search of equity release providers to ensure that we find you the most appropriate scheme.

Why use Mortgage Advice Network for your Equity Release needs?

We are independent, and conduct a full analysis of your situation before recommending an Equity Release Plan. We can provide advice over the telephone or face to face in our offices or in the comfort of your own home. We can provide face to face consultations in East Anglia and the East Midlands.

We charge a competitive fee of £195 for our services. This covers the cost of researching the most suitable plan, and conducting an indepth analysis of your entitlement to state benefits. This fee is only payable should you take out an equity release plan, and should you decide not to proceed for any reason no fee will be charged.

Our customer service is second to none, as is our knowledge of Equity Release providers. Please click here to find out more about how to contact us. We look forward to hearing from you.  

Equity release schemes will reduce the value of your estate and may affect your entitlement to state benefits. Equity Release may involve a life time mortgage. To understand the features and risks ask for a personalised illustration.