My Equity Release Plan means
If you are a Homeowner and 55+ you could release cash from your home and live life to its fullest!
Our Experts can help provide the right solution for you from 100s+ complex deals in the marketplace.
What is Equity Release?
Releasing cash from your home is called an Equity Release Plan or Lifetime mortgage. Like any other mortgage it is secured against your property. You will continue to live in and own your home 100%.
The Plan or Lifetime mortgage is repaid back if you die, move into long-term care or decide to sell the property. If there are two applicants to the plan then the mortgage is only repaid back when the remaining applicant dies, moves into long-term care or if the property is sold, in the meantime the remaining applicant will always retain ownership and be able to remain in the property.
How much can I release?
Our Free Equity Release Plan calculator will give you an idea of how much cash you can unlock from your home. Fill in a few details in under 60 seconds and you can then see the estimate of how much you could release. The two key factors involved are your age and the value of your home.
Equity Release Plan Key Facts
You own your home 100% throughout the Plan No Monthly Payments required (unless you ask for this option) Your home will not be repossessed Option to reserve an inheritance guarantee from your home
At MyEquityReleasePlan.co.uk we only ever recommend deals that comply with the Equity Release Council principles (A leading industry consumer watchdog) meaning you can never owe more than the sold value of your home this is called a No Negative-Equity guarantee.
How do I qualify for an Equity Release Plan?
The following are needed for your Equity Release Plan or Lifetime Mortgage:
Age 55+
Own your own home with a small / no mortgageBorrow at least £10,000+
Property Value of at least £70,000
Property is your main residential home in England, Wales, Scotland or N.Ireland
Our skilled advisors with decades of financial & mortgage advice experience can also explain how a lifetime mortgage will alter the value of your estate and the impact such a plan could have on means tested benefits and make sure you are not adversely affected.
Please go to our Frequently Asked Questions Section to see further information on how the plan works.
Speak to one of our advisers today
We can help you whatever way works for you via:
Phone Call
Video Call
If you would like family or a friend to also be involved in the discussion we can make sure they can join the call or video. Only with your permission.
Request a FREE Quote
How much will it cost to set up?
All of our initial advice is free so there won’t be any surprises. If you decide to proceed, we only charge a simple fixed Admin & Completion fee and we offer a full 100% refund if we cannot secure the Equity Release Plan.
£199 Admin fee to get things moving for you
&
£899 Cash released fee, payable when your funds are released & can be deducted from the funds on completion.
Other Costs to be aware of?
Lender Fee
Valuation Fee
Solicitor Fee
Other specific Fees may apply relevant to the lender.
We have a number of providers offering Free Valuation and ZERO product fees. We can recommend a plan that best meets your circumstances & help save on fees.
For Approval there is:
No Credit Scoring
No Income Proof
No Medical required
No Extra insurances
