Equity Release Specialists | Equity Finance

What is Equity Release and who is it for?

You’ve looked forward to retirement and worked hard to get there. Your children have flown the nest and are independent now. It’s time to start enjoying life again! After all, you are in pretty good health with a small retirement income and a lovely home.

Maybe there’s one thing missing though....enough money to fulfill the dreams you had about retirement. Maybe you talked about travelling the world, building a conservatory or taking up a new pastime. Whatever your dreams, you knew you wanted to have enough money to be able to afford those little luxuries which make life worth living.

If you live in your own home, Equity Release may help you release cash to let you live the life you always wanted to live....and spent your life working towards.

Did you know?

We’re living longer – Government figures show that the average 65 year old male today will live to 83 and the average 65 year old female, to 85.

We’re living healthier lifestyles – participants in the 2007 London Marathon included 1,730 competitors aged 60+ - 3% of the total entry.

All in all, our longer life-expectancy puts greater pressure on our finances and savings and that’s why we are now looking to what is normally our single biggest asset as a way of providing us with an income in retirement.

What are the main features of an Equity Release Scheme?

• You need to be over a certain age (typically over 55) and a home owner.
• You can get a cash lump sum, a regular income, or both, to use as you wish.
• With a lifetime mortgage you still own your home and can continue to live in it.

There are two Equity Release options available:

• Lifetime Mortgage
• Home Reversion Plan

Equity Finance only recommends Lifetime Mortgages.

How can Equity Finance help with Equity Release?

We have access to the leading equity release lenders and will find the most suitable product for you from our panel of specially selected lenders. We only use lenders who belong to Safe Home Income Plan (SHIP). This is a company supported by the leading providers of home income and equity release plans. It was launched in 1991 and is dedicated entirely to the protection of plan holders and promotion of safe home income and equity release plans.

You will be pleased to know that we are also committed to old fashioned values. So you can rest assured that you will be treated courteously and professionally whenever you deal with us.

For more information call us FREE on 0800 594 5904 or request a call back using the form on this page to order the FSA leaflet 'Releasing Cash from Your Home' or visit the Equity Release page on the Council of Mortgage Lenders website.

The overall cost for comparison is 6.8% APR. We offer advice and recommendation from our panel of lenders for which we will charge a fee. This is only payable when you receive your cash and is a set fee of £799.