Frequently Asked Questions

Members of the
Equity Release Council

Get in Touch

[]
1 Step 1
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right

Frequently Asked Questions

This varies based on your circumstances, age, property value and the plan chosen.

There are fees for valuation, arrangement, your solicitor and advice.

No, any cash released is tax free.

Depending on your personal circumstances these could be affected, so please discuss matters with your equity release adviser.

Yes. You can live there until you move into long-term care or die. In the case of a joint Lifetime Mortgage, the death or entry of the second person into long-term care would bring the mortgage to an end.

With a portable plan, you can often take the plan with you if you move house.

Some plans allow you to repay the whole loan and interest –please note there may be an early repayment charge which can be expensive.

Depending on your plan, you may be able to borrow more based on an increase in your property value.

This varies based on your circumstances, age, property value and the plan chosen.

Although equity release reduces the value of your home, any money remaining when it is sold, and the equity release plan repaid, will belong to your estate.

Your house can be sold by you or your legal advisor if you go into long-term care. If you die, it will be sold by the person who is dealing with the administration of your Estate.