After years of working hard to make monthly repayments, your home is likely to be your biggest asset, particularly if you have benefitted from an increase in house prices over the last few decades.
One way to release some of the equity from your home would be to sell and downsize, however leaving the family home and neighbourhood can be an emotional upheaval. This is one reason why some people are turning to equity release.
You may be eligible for equity release if you are a homeowner aged 55 and over with a property worth at least £70,000.
Many people are already enjoying the benefits of unlocking some of the cash from their home. However it’s not suitable for everyone, which is why it’s important to get expert equity release advice before you make a decision.
Making the right decision
At Mortgage Advice Bureau Later Life, we want you to have all the facts and understand the ins and outs of equity release, so you can feel confident that any decision you make is the right one for you.
From answering any questions you have to searching through a wide range of plans offered from a carefully selected panel of providers to find one that fits your needs, we’ll ensure you do what’s best for you. Whether that’s taking advantage of your property’s value through equity release or not.
Advice that puts you in control
Everyone has different needs in later life, which is why our equity release advice process and award-winning customer service brings together the professionalism of Mortgage Advice Bureau Later Life and Key Group – market leading specialists in equity release.
From start to finish, you’ll deal with equity release experts who will help you along your journey. Mortgage Advice Bureau Later Life offer lifetime mortgage products from a carefully selected panel of providers and will discuss your options and find out your requirements, to make sure the chosen plan fits your needs, with features such as no monthly repayments or inheritance protection for your loved ones.
How much could I release?
The amount you could release from your home depends on how much your home is worth and your age.
Why not use our free equity release calculator and with a few details it will let you know how much you could unlock from your home: