Release tax-free cash from your property while continuing to live there with a lifetime mortgage. Available to homeowners aged 55 and over.
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Different ways to release equity from your home with a lifetime mortgage. Available to homeowners aged 55 and over.
The most popular option. Borrow against your home with no monthly repayments required. Interest rolls up and is repaid when you pass away or move into care.
Take an initial amount and draw more later as needed. Only pay interest on what you've taken, potentially saving thousands over the life of the plan.
Make monthly interest payments to prevent the loan from growing. Keep more equity in your home for your beneficiaries.
Understanding how you can unlock your home's value
Equity release is, in a nutshell, a way to unlock the value of your property and turn it into cash which lets you access - or 'release' - the equity (cash) tied up in your home, if you're 55+.
The most popular type of equity release is a lifetime mortgage, which is a loan secured against your home.
You can receive the money you release in a lump sum or in several smaller amounts following an initial lump sum.