equity release


If you’re a homeowner aged over 55, with a property worth at least £70,000, equity release is a way for you to free up some of the money tied up in your home, in the form of tax-free cash.

This is either done through a ‘lifetime mortgage’ or ‘home reversion’ plan.

A lifetime mortgage is a loan secured against your home, there are options where you can make monthly payments and options where you don’t have to make any monthly payments at all. The lifetime mortgage is only repaid when your property is sold; either when you downsize or when you and your partner have both passed away or moved into long-term care.

A home reversion plan allows you to sell some or all of your home to a home reversion provider in return for a lump sum or regular payments.

As independent experts in the local area, we‘ve got many years experience of helping clients use equity release to help with their retirement funding.


The money can be used however you wish. It should give you the flexibility to increase your options.

You can use the money however you like, such as:

  • help your grandchildren with student fees or to get on the property ladder
  • use it to pay for a special holiday with all your family
  • make home adaptations so you can stay in your own home for longer
  • pay medical bills, home care or legal fees
  • buy a new car, motorhome or caravan
  • fund a new hobby and leisure activities

With the schemes we recommend, you will receive a ‘no negative equity’ guarantee which means you will never owe more than the value of your home. Both ‘lifetime mortgages’ and ‘home reversion plans’ are regulated by the Financial Conduct Authority and the Equity Release Council.


Equity release will reduce the amount of inheritance you can leave. It may also affect your tax position and your entitlement to means-tested benefits. This is why we always recommend that we meet face to face with you and try to get the wider family involved to make sure it’s the right course of action.

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What is equity release?

Equity release is the process of accessing money from the value of your home in order to gain greater financial freedom in another area while retaining use of it, unlike gaining access to funds through selling your home.

What is the difference between equity release, lifetime mortgage and home reversion?

Equity release is the general term that covers all products that enable you to unlock the potential of what your home can do. Meanwhile, both lifetime mortgages and home reversion are equity release products that would form your individual equity release plan. A lifetime mortgage is a loan secured against your home while retaining full ownership. Home reversion, on the other hand, is when you sell all or part of your home at less than market value in order to access money and stay on in your home as a tenant, but paying no rent.

Do I qualify for equity release?

There are four main criteria to qualify for equity release. First, you must be over the age of 55. You must be a homeowner with property in the UK. This property must be worth at least £70,000. In addition, you must have little to no mortgage left to pay off. There can be other factors involved, but these are the primary factors.

How much could I release?

The amount of equity that you can release from your home can range from 20-50% of its value. The final amount depends on both the value of your home and your age. Frequently, older homeowners are able to release more equity than younger ones.

Will I have to pay tax on the money I release?

Basically, no, you will not have to pay taxes on the money that you get from an equity release plan. Because the money received in the borrowing process is not classed as income, you will not be required to pay income tax on it and, as it is a borrowing plan, it does not qualify for capital gains tax.


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What’s the difference between selling my house and equity release?

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A guide to equity release

Our expert written guide breaks equity release down into an easily understandable format, helping you to decide whether releasing equity from your home is the right option for you.

When making big decisions, the more informed you are the better. Building up an in depth understanding of the two main types of equity release scheme, as well as the implications for your future is essential before you decide on anything. Making the wrong choice could have a negative impact on your financial future.

  • A guide to equity release, download yours today!

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COVID-19: Still here. Still working. Still securing your future.

The Entire FS team are still hard at work in our Covid-secure environment so that we can continue to be here for our clients. If you have any questions, please get in touch on 0161 711 0999.