Equity Release Mortgages
Speak to an advisor to find the value plan to suit your needs.
If you are over 55 and own your own home, an Equity Release mortgage could help in the form of a tax-free cash lump sum or an income for life, which you can spend on whatever you like.
Equity Release: Release cash from your home
- Guarantee Income For Life
- Own 100% Of Your Home
- Use Cash As You Wish
- Unlock Tax Free Cash
- Additional Cash Lump Sum Available
Equity Release Mortgages
Have you equity available in your property that you’d like to access? Are you retired and need to secure a higher retirement income from the equity that has built up in your home over the years? An equity release mortgage is a great way of getting access to cash against the value of your property. Where do you start searching for equity release mortgages with so many options and providers out there? That’s where MoneyExpert comes in. We provide free quotes in minutes, no credit checks or obligation to purchase just cheap equity release mortgage quotes to suit your requirements and circumstances.
Make the most of your new found freedom with an equity release mortgage today. We search the equity release mortgage market in minutes of you completing our online application. Our trusted and independent whole of market mortgage advisors will contact you to check all your details and once they know your individual circumstances they can find the best and cheapest equity release mortgages for you. They provide free advice and quotes and there is no obligation to purchase. You have nothing to lose by applying today. We are free, quick and simple to use and carry out no credit checks when searching the equity release mortgage market.
Has equity built up in your home over the years? Have you retired and now want to enjoy life with a higher retirement income? Obtain a cash lump sum with an equity release mortgage and live life to the full. An equity release mortgage allows access to a percentage of the capital in your home and there are 3 main forms of equity release: mortgage and roll-up, home income plan or home reversion.
Mortgage and roll up equity release is a scheme where you release equity through borrowing from a mortgage lender. The interest is either added to the loan or you would make regular repayments to the lender. After your death the property is sold and the equity release loan is repaid to the lender.
With a home reversion scheme you sell a percentage of your home to a home reversion company. In return for the ownership of part/or a percentage of your home, the home reversion company will provide a lump sum. Different lenders will offer different equity release percentages. You can continue to live in your property and upon your death the house will be sold and finance to the value of the percentage sold will be returned to the lender.
Finally there is a home income plan which provides the equity release as a regular income and is similar to the other schemes already mentioned.
We can introduce you to a qualified broker who will explain the schemes, discuss your requirements and circumstances and then search the market to find you the cheapest equity release solution to meet your needs. MoneyExpert helps by providing fast, free information and quotes, without obligation to purchase. Complete the easy and quick online application and be one step close to an equity release solution to meet your circumstances.
Apply for cheap equity release mortgage quotes today
Your home may be repossessed if you do not keep up repayments on a mortgage or any
other debt secured on it
Money Expert does not provide advice and you should seek a personal illustration to fully understand all of the terms and conditions applicable in your individual situation. Buy to Let mortgages are not currently regulated by the Financial Services Authority unless the occupier is connected to the borrower and is occupying at least 40% of the property.
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Equity release schemes can be very helpful but are not suitable for everyone. It is important to understand the risks and to understand the cost, the level of flexibility (if you might want to move home) and the possible impact on future state benefits.
This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration. Equity release schemes are high-risk products and you should take advice before you make any decision about whether to use them. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Equity Release Mortgages News
9 Jun 2015
The battle of the mortgages in the UK has reached new levels as a company is now offering a mortgage for less than 1% interest.
4 Oct 2012
Santander has announced that a rise in its Standard Variable Rate (SVR) mortgages has come into effect, meaning that thousands of mortgage customers will see an increase in their repayments.
17 Aug 2011
The number of mortgage borrowers in negative equity is estimated to be around the 827,000 mark, according to lenders.
9 Jun 2011
A fifth of Brits making no provisions for pensions