Equity release types and plans

You can't release equity from your home without taking expert advice, but you could start thinking about the different ways you may be able to release tax-free cash from your home. Ask for a free quote to find out more.

All equity release products are regulated by the Financial Conduct Authority (FCA) and governed by the Equity Release Council (ERC).


Options within Lifetime Mortgage include:

Drawdown Lifetime Mortgage - you can draw out cash in stages after taking an initial lump sum. You choose when and how much you want to take out, and you only pay interest on the money you have released. A Drawdown Lifetime Mortgage can help decrease the overall cost of borrowing against your home and also help cover you against unexpected future expense or illness.

Interest Payment Lifetime Mortgage - you can make regular payments on the interest that accrues over the lifetime of your loan. This will reduce the amount repaid to the equity release provider when the plan ends.

Protected Lifetime Mortgage - add a guarantee that you'll leave something behind for your family and loved ones.

Enhanced Lifetime Mortgage - if you suffer from health problems such as diabetes, high blood pressure or if you are a smoker, you may qualify for an enhanced plan. This could help you release more money from your home than a regular Lifetime Mortgage plan.

A range of providers