Equity Release
Enjoy financial freedom by releasing the cash tied up in your home.
Talk to one of our mortgage experts on 0808 172 9354
Enjoy financial freedom by releasing the cash tied up in your home.
We search all provider plans to find you the current equity release rate on the market.
We're members of the Equity Release Council and only compare their approved plans.
There are no credit checks required to do your Equity Release quote.
Retirement should be a time for relaxation and enjoyment, a period where you finally get to savour the fruits of your labour. However, many find that a reduced income or limited savings can hinder their ability to fully enjoy this phase of life, making it challenging to maintain their desired lifestyle. At Mortgage Experience, we understand these concerns and offer solutions to help you achieve the retirement you deserve.
Equity Release is a financial product that allows you to unlock the value tied up in your home without the need to sell and move to a less familiar area. This means you can convert part of your home’s value into cash that you can use now, giving you the freedom to fund your retirement dreams, whether that means traveling, renovating your home, or simply having a more comfortable lifestyle.
Financial security is crucial for a fulfilling retirement. A reduced lifestyle due to financial constraints can be a difficult and distressing experience. With Equity Release, you can access funds to enhance your quality of life and ensure you don’t miss out on social activities, staying connected with friends and family, and pursuing opportunities that come your way.
Here are some common reasons why our clients choose Equity Release:
Mortgage Experience is proud to be a member of The Equity Release Council (formerly Safe Home Income Plans or SHIP). We exclusively recommend providers who are also members of the Council to ensure the highest standards of service and protection for our clients. The Council’s primary goal is to safeguard customers while enhancing financial literacy to support informed decision-making.
At Mortgage Experience, we uphold the principles of The Equity Release Council:
All members of The Equity Release Council offer these critical guarantees to customers:
Lifetime Mortgages are only applicable to those 55 and over and could affect your eligibility to state means tested benefits and the inheritance you may leave. It is a way of releasing money tied up in your home, without the need to move. The loan is secured on your home with no need to make monthly payments but the interest continues to compound until the loan is repaid. You have the option to pay some or all the monthly interest. The money released can then be used for whatever you like. To understand the features and risks ask for a personalised illustration.
* Retain 100% home ownership with a lifetime mortgage, does not apply to home reversion plans.
Yes, all members of The Equity Release Council allow you the freedom to move to a suitable alternative property. However, you must inform your provider before doing so. When you move, you have the option to repay the loan and interest in full or transfer the plan to your new property if it meets the provider’s criteria at that time. It’s essential to check with your provider for any restrictions or penalties that may apply before making the move.
Yes, you will be responsible for maintaining the property in at least as good a condition as it was when the plan was taken out. Proper upkeep is necessary to ensure compliance with the terms of your equity release plan.
Taking out an equity release plan will not affect your State Pension or any personal pensions. You can access the funds from your property without impacting these income sources.
Using your property to enhance your retirement will reduce the value of your estate upon your death. Therefore, it is strongly recommended that you discuss your intentions with your family before making this significant decision, unless there are exceptional circumstances. Open communication can help ensure that everyone understands your financial choices and the implications for your estate.
At Mortgage Experience, we specialise in helping people release money from their homes. With decades of combined experience, our team is dedicated to providing the best customer outcomes. From the moment you pick up the phone, you can be confident you are in safe hands.
We have been working together for over 20 years and offer a nationwide service, catering to homeowners throughout the UK. Our commitment is to provide individual retirement solutions tailored to meet your needs, aspirations, and circumstances. We strive to exceed your expectations and aim to be the natural choice for those seeking financial security in retirement.
To understand the features and risks, ask for a personalised illustration.
There may be a fee for mortgage advice. The precise amount will depend upon your circumstances and will be agreed with you before proceeding, but we estimate it will be £1,295.
Equity release includes Lifetime Mortgages and Home Reversion Schemes. We can advise and arrange Lifetime Mortgages and will refer to an approved specialist for Home Reversion schemes.
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