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Equity Release Eligibility Check
If you are a UK homeowner, that's over 55, you could be eligible to release £100,000s from your home!
VouchedFor is home to the UK's top equity release specialists with over 1,000 advisers and more than 75,000 positive reviews. Call us today to see if you're how much money you can release from your home.
Freephone 0330 098 9838
1. Speak to one of our expert equity release specialists
How does the process work?
2. Release £100,000s!
If you are eligible and find a deal that you're happy with, our expert equity release specialist will make the arrangements for you to receive your cash.
One of your equity release specialists will speak with you to discuss your situation. They will tell you whether you are eligible to release equity from your home and how much you can release.
What is equity release?
Equity release is a way of releasing the money tied up in your property without having to sell it and move to another home. You can either borrow against the value of your home or sell all or part of it in exchange for a lump sum or a regular monthly income.
Equity release is designed to help older customers who own their property or have relatively small mortgages. These customers can decide to release equity from their property (i.e, take out a loan, or sell a portion of the property) – knowing that they will not actually pay that money back to the lender. The loan will be repaid at a future date, when the property is sold.
Lifetime mortgage: you get a mortgage secured on your home as long as it is your main residence, while retaining ownership. You can choose to ring-fence some of the value of your property as an inheritance for your family. You can choose to make repayments or let the interest roll-up. The loan amount and any accrued interest is paid back when you die or when you move into long-term care.
Home reversion: you sell part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property until you die, rent free, but you have to agree to maintain and insure it. You can ring-fence a percentage of your property for later use, possibly for inheritance. The percentage you retain will always remain the same regardless of the change in property values, unless you decide to take further cash releases. At the end of the plan your property is sold and the sale proceeds are shared according to the remaining proportions of ownership
What types of equity release are there?
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