10 Lowside, Outwell, Cambridgeshire, PE14 8RE

Types of equity release

Types Of Equity Release

At The Equity Release Company, we understand that every homeowner's financial situation is unique, which is why we work closely with our clients to create a tailored equity release plan that suits their individual needs.

All plans we recommend come with a range of features, including a no negative equity guarantee and options for protecting a fixed share of the value of your home, releasing more capital for those with certain health conditions, and receiving an income in the form of an annuity or staged payments.

There are options to make capital repayments and to make monthly interest payments if you prefer to not have interest rolled up as well as flexible drawdown plans, providing a pre-agreed cash reserve that you can access whenever you need it. Let us help you unlock the equity in your home and achieve your financial goals with confidence.

Lifetime
Mortgages

A lifetime mortgage is a type of equity release for homeowners over 55 that allows them to access their home equity through a loan secured against their property, receiving either a lump sum or a regular income.

A lifetime mortgage gives you the choice of a cash lump sum or income with no monthly repayments to meet
With a lifetime mortgage, you remain the owner of your home, which means you can continue to live in it for as long as you wish
Lifetime mortgages are available to younger people (aged 55+)
With a no negative equity guarantee, you can be sure that you'll never owe more than the value of your property, even if the amount you've borrowed exceeds the value of your hom
Some lifetime mortgage plans let you guarantee an inheritance for your family
All equity release plans are regulated by the Financial Services Authority
There are options to make interest payments and capital repayments to service the mortgage
About Lifetime mortgages

Drawdown Lifetime Mortgages

A drawdown lifetime mortgage is a loan secured against a property, allowing homeowners over the age of 55  the flexibility to access funds as they require them as needed and pay interest only on the withdrawn amount.

You can drawdown cash by making withdrawals as and when you need them, or you may be able to request a monthly income
You only pay interest on the amount of equity released, so interest could accumulate more slowly than with a regular lifetime mortgage.
You are in control of your money as you can release cash when it suits you
You retain full ownership of your home
Drawdown plans may be available to younger people (aged 55+)
Some drawdown plans let you guarantee an inheritance for your family
All equity release schemes are regulated by the Financial Services Authority, including drawdown plans
There are options to make interest payments and capital repayments to service the mortgage
About Drawdown mortgages
Free, No-obligation advice

Unlock your home's equity today

Whether you're looking to make home improvements, pay off debt, or simply enjoy your retirement to the fullest, equity release can help. Our team are here to guide you through the process and help you make the best decisions for your unique situation. Fill out our form today to get started.
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