Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply via Moneyfacts.co.uk today. Products shown with a yellow background are sponsored products.
Equity release plans are a way for you to access the cash locked up in your home, to help improve your retirement.
There are two types of equity release plan:
Lifetime mortgages are the most common type of equity release plan, and work by lending you a percentage of your home’s value. You don’t make repayments like you would with a standard mortgage loan. Instead, the interest that is charged rolls up, gradually increasing the amount you owe throughout your lifetime. The mortgage is repaid when you die, or when you sell the home and move into permanent long-term care.
All members of the Equity Release Council guarantee that you’ll never owe more than what your home is worth.
Stay in your home Get a lump sum or an income Leave an inheritance still (with an Inheritance Protection Guarantee) You continue to own your home – if property prices increase, you benefit from it Drawdown lifetime mortgages let you borrow money as you need it, allowing you to save on interest If you die soon after taking out the mortgage, you won't have accrued as much interest on your loan
Download this information in our Lifetime Mortgage Factsheet
Equity release may involve a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration.
Call Just Retirement Solutions on 01737 233462. Lines are open 9am to 5pm, Monday to Friday (except Bank Holidays). Calls are charged at local rates and may be recorded or monitored.
If you decide to take out a plan, there will be a fee by Just Retirement Solutions Limited of £749 for advice and arranging a recommended equity release plan. You will only be charged if you decide to take out a plan. Their advice service carries no obligation.
Equity release may not right be for everyone. If may affect your entitlement to state benefits and will reduce the value of your estate.
Equity release home Home reversion plans schemes
Equity Release CalculatorWhat Just Retirement's Customers Say
Equity release FAQs Equity release jargon buster
Stay in the know with all the latest information, of-the-moment consumer trends, best-in-class products & providers and helpful tools from Moneyfacts.
Saving for retirement is something we all need to get into the habit of, but not everyone seems to b... More
The number of over-65s choosing to work beyond the traditional retirement cut-off point has been gro... More
When thinking about our finances, may of us focus on the short-term rather than looking further ahea... More
Equity release can be used as a way to free up a valuable amount of cash from your home, and it seem... More
For some, the ability to cash in their pension and withdraw it as a lump sum opens up the possibilit... More
Equity release plans can improve your retirement, but should not be entered into lightly. Read our g... More
Trying to find the best annuity rates but baffled by the jargon? Don't worry - we've compiled an ann... More
A pension review should form a key part of your retirement planning strategy. It can save you paying... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.