Can you do equity release on sheltered accommodation?
The answer to this will depend on the terms of any lease and therefore difficult to answer without without knowing more.
We currently have a few lifetime mortgage equity release providers who will consider them subject to examining the terms of the lease.
As these properties are deemed to be less marketable, most lifetime mortgage providers will reduce either the market value of the property before they apply their standard age related percentage to the reduced value, or will reduce their standard age related percentage before applying it to the full market value. Either way it will reduce the figures which our online equity release calculator comes up with.
No SHIP approved home reversion providers are currently willing to lend on such property.
Find out how much equity you could release.
If you have a private sheltered property and would like to find out whether we could help, please call us on FREEPHONE 0800 970 4882 or complete our online enquiry form and we will call you back just as soon as possible.