Equity Release Loans

What are equity release loans?

An equity release loan is a means of releasing equity from your home to provide you with a lump sum or facility to drawdown, without the need to move.  As they are only a loan such equity release loans do not involve you in selling any ownership of your property.  Instead the loan plus any interest you may have elected to roll up (see types of equity release loans) will be repaid only when your property is sold.

Types of equity release loan.

Regulated equity release loans are referred to as lifetime mortgages which can take the form of either roll up, drawdown, fixed repayment or interest only lifetime mortgages.  For further information on any of these types of equity release loans please click on them and you will be redirected to a specific page about each one.

Being impartial equity release advisers we are able to advise on whether we feel such an equity release loan would be the best option for you.

Equity release loans and tax

The lump sum produced from releasing equity via an equity release loan is free of both capital gains tax and income tax.  Should, however, you put the money into a deposit account you will be taxed on the interest you receive from it.

Advice on equity release loans

Equity release loans are only one form of equity release schemes. the other are home reversion plans.  To ensure you select the right scheme, before deciding on an equity release loan our consultant will fully discuss both with you before making any recommendation.  To arrange a free home consultation please complete our online enquiry form.

This is a lifetime mortgage.  To understand the features and risks, ask for a personalised illustration.

Further information about equity release

Clicking on any of the following links will allow you to find out more about key information on releasing equity from your home.