Discover if unlocking tax-free cash could be right for you

Everything you need to know in a helpful FREE guide

Equity release offers homeowners aged 55 and over the opportunity to access a percentage of their property value as tax-free cash while still living in their home. With the most popular form of equity release, a lifetime mortgage, you also continue to own 100 per cent of the home you love.

One of the main benefits of equity release for many people is that you can choose to access the money as a lump sum or in smaller instalments over time, and you’re not required to make any monthly repayments if you don’t wish to.

Make your retirement more comfortable

You could use equity release to supplement your pension savings as you approach, or are already enjoying, your retirement. Once any existing mortgage is repaid, which is a condition of equity release, the money is yours to enjoy spending. The amount of money that you can access is determined by the age of the youngest homeowner and the value of your property. Any money released, plus accrued interest, would be repaid when you die or move into long-term care.

Get expert impartial advice

It’s important that you understand what equity release could mean for you. Through the Mail Finance equity release service you can access a free personalised quotation, which outlines the features and risks so that you’re fully informed. For example, equity release could affect potential inheritance and your entitlement to means-tested benefits now or in the future.

Equity release may involve a home reversion plan or a lifetime mortgage, which is secured against your property and will reduce the value of your estate and impact funding long-term care. Initial advice is provided for free and without obligation. Only if you choose to proceed and your case completes would an advice fee of £1,995 be payable. Other lender and solicitor fees may apply.