Below we have accumulated our three most important pages when it comes to understanding what equity release is and how it works.
Get started by learning the different types of equity release schemes. Use our free equity release mortgage calculator to understand your maximum release. Then, compare providers and products on the open market with our comparison table.
WELCOME TO EQUITY RELEASE MORTGAGE!
Begin your research into Equity Release by understanding how much equity you can release from your property with our free-to-use equity release calculator!
HOW DOES EQUITY RELEASE WORK?
EQUITY RELEASE MORTGAGES
Understand the differences in types of equity release mortgages and how they work.
YOUR MAXIMUM RELEASE
Our free-to-use equity release calculator will determine how much equity you can release.
EQUITY RELEASE PRODUCTS
Compare the open market of equity release providers and products with our comparison table.
ABOUT US
As members of the Equity Release Council, all our equity release advisers are FCA Regulated.
Receive free expert advice over the phone, face-to-face, via email, or through live chat!
NATIONWIDE EXPERT ADVICE
Our team of friendly equity release advisers are located nationwide. Thus ensuring that you’re never too far away from an expert who can offer advice and answer your questions promptly.
TRACK YOUR APPLICATION
Each of our equity release clients receive a unique login facility that enables you to track your application in real-time.
OPEN MARKET OPTION
As we are an independent equity release broker company, we can provide you with the whole of the market information on providers and products. Guaranteeing that you receive the best scheme for your needs.
TYPES OF EQUITY RELEASE SCHEMES
A lifetime mortgage schemes accounts for 99% of equity release mortgages taken out in this industry.
Available to homeowners over the age of 55 who want to maintain the ownership of their property. Flexible options are available such as a drawdown facility, voluntary repayments, no early repayment charges and much more!
HOME REVERSION MORTGAGE
Home Reversion mortgages are available to homeowners over the age 65 who want to release to most amount of equity from their property. They are typically less flexible than lifetime mortgage schemes.
RETIREMENT MORTGAGE
Securing a mortgage during retirement can be frustrating due to lenders declining pensioners from receiving them.
With a Retirement Mortgages, these are tailored specifically for this market and are calculated based on your pension and investment income. The duration of the mortgage can be for a set duration, or your lifetime.
WHY PEOPLE RELEASE EQUITY
There are an endless list of reasons why people release equity from their property.
Below we have accumulated the most popular reasons why people have tapped into their equity.
PAID OFF DEBTS
Many people reach retirement with mortgages that they can no longer afford to maintain with higher interest rates than those available with equity release.
EARLY INHERITANCE
Helping a loved one onto the property ladder is a popular reason for release due to soaring house prices and low availability.
QUALITY OF LIFE
Improve your quality of life with enhancements to your property, or buy a new car, or take that dream holiday that you’ve always wanted.
-
"Simon, our equity release adviser, was on hand at every point of the process and helped us decipher which equity release product was best for us. We couldn't be happier with the service we received and would recommend him to anyone."
-
"Excellent advice and service throughout the whole process. The case tracking facility that we received was a nice touch and kept us up to date with emails at each stage."
-
"Mithered by other equity release companies, we turned to our local adviser (Hannah) to seek advice via our preferred means of communication. She came to our house and provided transparent advice that enabled us to understand the schemes before helping us choose the best one for our needs."
EQUITY RELEASE PROVIDERS
© Copyright Equity Release Mortgage.