How To Release Equity | moneyfacts.co.uk
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Apply now for equity release

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.

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Release tax-free cash tied up in your home

  • Competitive interest rates fixed for the life of the loan
  • No need to make regular payments unless you want to
  • Protect a guaranteed sum for your loved ones to inherit
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Speak To A 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. 

Speak To A Broker

Call now on (01603) 964923

Lines open Monday to Friday 9am to 8pm.

Apply now for a lifetime mortgage

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.

 

Equity release eligibility check list

  • You need to own your own home and be 55 or over
  • The property you intend to borrow against must be your permanent, main residence
  • You must be mortgage-free or only have a small mortgage
  • Your property will need to be in the UK and will need to meet the minimum value required of the lender
  • You will need to borrow in excess of the minimum value required by the lender
  • Your home will need to be freehold or if it is a leasehold you will need to have the minimum number of years left as required by the lender.

How to prepare for a discussion about equity release

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.

Michelle Monck

Michelle Monck

Consumer Finance Expert
Disclaimer

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.

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