Call us on 0800 188 4826

What is equity release?

Get the facts about equity release from the Mortgage Advice Bureau Later Life advisers.

Find out how much you may be able to release with our equity release calculator
Calculate now

Scroll down

Retirement interest only mortgages

A retirement interest only mortgage (RIO) is a mortgage that allows you to pay off the interest on the amount borrowed. The loan is repaid when the plan comes to an end when you (or the last remaining applicant) either pass away or move into long term residential care. RIOs are typically available to people over the age of 55 who have retired.

Later life residential mortgages

If you thought you were too old for a standard mortgage or can't find a conventional one to meet your needs , we can refer you to our expert mortgage advisers to help. Later life residential mortgages can be used to buy a new property, remortgage an existing one, or release additional funds. It can be on a capital repayment or interest only basis

Because we play by the book we want to tell you 


We understand equity release isn’t for everyone, and we’ll never say it’s the right option for you unless we’re certain. A lifetime mortgage is a loan secured against your property.  With a lifetime mortgage there are typically no monthly repayments to make as the loan, plus roll up interest, is repaid when the plan comes to an end. Usually, that’s when you, or the last remaining applicant, either passes away or moves into long-term care. With a lifetime mortgage you’ll still retain full ownership of your home.   

 Equity release will reduce the value of your estate and may affect your entitlement to means tested benefits. 

 Mortgage Advice Bureau Later Life equity release advisers will recommend lifetime mortgages from a carefully selected panel of equity release providers. 

 Unless you decide to go ahead, our service is completely free of charge as our usual advice fee of 1.5% of the amount released would only be payable on completion of a plan, subject to a minimum advice fee of £695.