Equity release lets homeowners aged 55 and over unlock some of the value tied up in their property — as a tax-free lump sum, a regular income, or both — while continuing to live in their home for as long as they wish.
Understanding Equity Release
Equity release is a way for older homeowners to access the wealth — the "equity" — built up in their property without having to sell it and move out. The equity is simply the difference between what your home is worth and any mortgage still owed on it.
For many people in later life, their home is their largest asset, yet that value is locked away and impossible to spend. Equity release turns some of that value into usable, tax-free money — to clear an existing mortgage, boost retirement income, help children or grandchildren onto the property ladder, fund home improvements, or simply enjoy a more comfortable retirement.
Crucially, you continue to own and live in your home. With the most common form of equity release — a lifetime mortgage — you retain full ownership throughout your life. The amount borrowed, plus any rolled-up interest, is repaid when you pass away or move into long-term care, usually from the sale of the property.
Equity release is a significant decision that affects your estate and your family, which is why it can only be arranged through a qualified, regulated adviser. It is not right for everyone — but for the right person in the right circumstances, it can be genuinely life-changing.
The Two Types
There are two recognised types. For the vast majority of clients, a lifetime mortgage is the appropriate route.
A loan secured against your home that you never have to repay during your lifetime. You retain full ownership, and the loan plus interest is settled when you die or move into permanent care.
You sell all or part of your home to a reversion provider in exchange for a tax-free lump sum or income, while retaining the right to live there rent-free for life.
How It Works
From first conversation to releasing your funds — a clear, carefully advised process.
Based on your age and property value, a lender advances a tax-free sum secured against your home — as a lump sum, in stages, or as a regular income.
Interest is charged on the amount borrowed. You can let it roll up, or choose to pay some or all of it each month to keep the balance under control.
When you pass away or move into permanent care, the home is sold and the loan repaid. Anything remaining passes to your beneficiaries.
Find out in under a minute. Our free calculator gives you an instant, no-obligation estimate based on your age and property value.
Your Protections
Modern equity release is tightly regulated and bears little resemblance to the schemes of decades past. As an Equity Release Council member, every plan I recommend carries these guarantees.
You will never owe more than your home is worth. Even if the debt grows beyond the property's value, neither you nor your estate will ever have to make up the difference.
You have the guaranteed right to live in your property for the rest of your life, or until you move into long-term care, however long that may be.
You can move to another suitable property in future and transfer your plan with you, subject to the lender's criteria, without penalty.
You must take separate, independent legal advice before proceeding — a solicitor of your choosing ensures you fully understand the commitment.
Your Options
How you take the money matters — it affects how much interest accrues. I'll help you choose the most efficient approach for your needs.
Release a single tax-free cash amount up front. Ideal for a specific, one-off need such as clearing a mortgage or funding a major project.
Take an initial amount, then draw further sums as and when you need them. You only pay interest on what you've actually released — often the most cost-efficient route.
Receive a steady stream of tax-free payments to supplement your retirement income, providing predictable monthly support.
An Honest View
Good advice means being straight about both sides. Equity release is powerful, but it isn't free of consequences — here's the honest picture.
My job is to make sure equity release is genuinely right for you — and to tell you honestly if it isn't. Book a free consultation →
Eligibility
These are the main factors. As a whole-of-market adviser, I find the plan and lender best suited to your circumstances.
The youngest homeowner must be at least 55. Generally, the older you are, the more you can release.
The property must be your main residence and meet the lender's minimum value, typically around £70,000 or more.
Most standard homes qualify. Some flats, non-standard construction, or very high-value homes need specialist lenders.
You can still qualify with a mortgage outstanding — it's simply repaid from the funds released as a condition of the plan.
Common Questions
A free, no-obligation conversation with Roshan. Honest guidance, with your family welcome to join.
This website is operated by Equity Release Hub Limited for lead generation purposes only. It does not constitute financial advice. Any enquiry submitted will be responded to by Roshan Percy, a qualified later life lending adviser. Roshan Percy personal FCA reference: RPW01085.
Equity release is a lifetime mortgage or home reversion plan. To understand the features and risks, please ask for a personalised illustration. Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits. A lifetime mortgage is secured against your home. Always think carefully before securing a loan against your property.
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