Equity release can become a complex process but we are here to help make it more digestable.
To qualify for an equity release, or a ‘lifetime mortgage’, also called an Over 55 Mortgage, you usually need to:
• Be at least 55 years old (the older you are the more money you are likely raise)
• Have paid off your mortgage (or have very little left to pay off)
• Own a property in the UK in reasonable condition or over a certain value.
The equity release options within the market work very differently, which is where we can help to understand the jargon and ensure you are applying for the scheme that is right for you.