Will I Qualify for Equity Release?
- To consider a Lifetime Mortgage option, you must be at least 55 years of age and own your home outright (or have a very small mortgage)
- For Revision schemes, you must be 55 years or above
Seeking personalised financial advice is the best way to assess your standing for a home equity release. For immediate insight on what an equity release scheme could do for you, try our equity release calculator below.
Can I Change My Equity Release Plan?
If you find a more competitive plan, you may be eligible to change your equity release scheme. You may also release more equity if your home increases in value, or pay the plan off early.
Remember that you will be paying more than you received in the initial loan however and some plans do carry an early repayment fee. All of these factors should be taken into account before proceeding and it is always best to discuss your personal situation with a financial adviser.