Equity Release Advice
Clear, independent advice for homeowners aged 55 and over
Independent equity release advice that puts your long-term plans first
Equity release allows homeowners aged 55 and over to access money tied up in their property while continuing to live there. It is most commonly achieved through a lifetime mortgage, though other options may be available depending on your circumstances and the advice provided.
Equity release is a significant financial decision with long-term implications. I provide independent equity release advice for clients in Farnham, Surrey and Hampshire, helping you understand how equity release works, whether it is suitable for you, and how it may affect your future plans, inheritance and financial security.
Advice is always provided carefully, with transparency and a strong focus on suitability and peace of mind.
Types of equity release
Home reversion plans
Home reversion plans are now far less common and involve selling a share of your property in exchange for a lump sum or regular payments, while retaining the right to live in the home rent-free. I do not advise on home reversion plans, but will always explain the differences so you can make an informed decision about the most appropriate type of equity release.
Lifetime Mortgages
A lifetime mortgage allows you to borrow against your home without making mandatory monthly repayments. Interest is added to the loan over time, unless you choose to make voluntary payments. The loan is usually repaid when you move into long-term care or pass away. Modern lifetime mortgages may include features such as a no negative equity guarantee, downsizing protection and the option to make voluntary interest payments to help manage the loan balance.
Why people consider equity release
Equity release may be considered to:
- Supplement retirement income
- Reduce reliance on savings or investments
- Fund home improvements or major purchases
- Gift money to family members
- Support later life or care planning
- Improve financial flexibility in retirement
Every situation is different, which is why personalised advice is essential before proceeding.
Important considerations before releasing equity
Impact on inheritance
As interest may be added over time, the amount repaid from your estate could reduce the value of inheritance.
Effect on benefits and tax
Releasing equity may affect entitlement to means-tested benefits. This must be assessed carefully.
Early repayment charges
If you repay the loan early, charges may apply depending on the product and circumstances.
Equity release is a long-term commitment and may not be suitable for everyone, and independent advice is essential to fully understand these implications.
Frequently Asked Questions
What is equity release?
Equity release allows homeowners aged 55 and over to access money tied up in their property while continuing to live there, most commonly through a lifetime mortgage.
Do I still own my home with equity release?
Most of the time, yes. With a lifetime mortgage, you retain ownership of your home while the mortgage remains in place.
Do I have to make monthly repayments?
Most equity release plans do not require monthly repayments, but most allow voluntary payments to manage interest.
Will equity release affect inheritance?
It can do. Because interest may be added over time, the amount repaid from your estate could reduce inheritance. This is explained clearly during the advice process.