Lifetime mortgages are the most common type of equity release and allow you to borrow money against your home. The money released is tax-free and there is no need to pay the money back in your lifetime unless you go into long-term care. Interest rates are at some of the lowest rates ever seen, so if you are aged 55+ and a home owner then you could be eligible to apply. Check if you could benefit from equity release by contacting our preferred equity release broker.
You can use equity release to help fund your retirement, for example for home improvements, a dream holiday or for a new car. You could also use the cash as a gift to help grandchildren get on the property ladder. Check if you are eligible for equity release by contacting our preferred equity release broker MCB Financial Services.
Lines open Monday to Friday 9am to 8pm.
It's important that you only speak to a regulated broker about equity release. MCB Financial Services is our preferred broker for equity release, they are fully authorised by the Financial Conduct Authority (FCA) and have over 17 years experience in equity release advice.
You will receive advice only from fully trained and experienced financial advisers. You may need to pay a fee for this advice.
Our guide ‘What to expect when you receive equity release advice’ includes a step by step guide to the process of applying for equity release.
Any legal or contractual relationship will be with MCB Financial Services. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. Moneyfacts will receive a commission from the lender. MCB does not offer advice on annuities or investments.