What's Equity Release?

A Quick Intro to Equity Release

Equity release refers to financial products that enable homeowners to access the capital invested in their properties.

Lifetime mortgages or home reversion schemes are common types of equity release.

The amount released as a lump sum is typically free from tax.

Key Equity Release

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Equity Release Quote
Obtaining a quote for equity release involves contacting providers directly or using comparison websites, providing details about your age, property value, and financial needs.
This article contains tops tips from our experts, backed by in-depth research.

Contributors:

Paul Derek Sawyer
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Discover the crucial factors affecting equity release quotes in 2024. Learn what details to provide, why comparing providers is essential, and how to avoid potential pitfalls.
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Are You Looking for the Best Equity Release Quote in 2022?

If you’re looking for the best equity release quote in a short space of time so that you can change up your retirement, look no further!

This article explores the following topics, drawing on our expertise in the field:

    Our equity release quote comparison tool is a market leader and will save you time and money while bringing you the best equity release offers.

    EveryInvestor’s experts have taken the work out of finding the best equity release deals and providers for you. By using our system, you can get your initial advice for free.

    Go ahead and try our quote calculator now!

    Who Releases Equity?

    Those who release equity are normally retirees and those aged over 55.

    To qualify for equity release, you need to meet the following criteria:

    • The youngest applicant has to be aged over 55.
    • There’s no more than 2 people on your property title deed.
    • Your home has to be worth over ÂŁ70,000.
    • Your home has to be of standard construction.
    • You must own your home.
    • Your house must be situated in the UK.
    • You must have a minimal mortgage or no mortgage on your house.

    You can use the tax-free cash2 you get from equity release for anything you wish, such as funding home-based care3, a dream vacation, or home renovations.

    Can You Get a Free Quote to Release Equity?

    Yes, you can get a free quote to release equity right here. Try it now!

    Why Compare Equity Release Providers?

    You should compare equity release providers because, although all lenders offer equity release products, each provider will offer different interest rates and flexible benefits.

    By comparing providers, you can find the best deal for you.

    What Do I Need to Get a Quote?

    To get a quote, you need a few simple details:

    • The age of the youngest homeowner.
    • Your property’s market value.
    • Your postal code to confirm your property location.

    Once you enter this information into our easy to use quote comparison system, you’ll get results in a few seconds.

    Where to Get Equity Release Quotes

    You can start the process to get an equity release right here by using our equity release quote tool.

    You’ll get an overview of top equity release providers.

    Through our system, you can access exclusive deals from market-leading providers.

    Compare Equity Release Interest Rates & Deals

    You should compare equity release interest rates and deals available from all providers before deciding which lender and product will best suit your needs.

    Our useful equity release quote comparison tool will help you compare the interest rates available on each deal and what each deal offers you.

    Common Questions

    How Much Money Do You Really Get From Equity Release?

    What Will Impact the Amount of Equity I Can Release?

    In Conclusion

    All the factors mentioned above will be considered when a provider puts together a quote for you.

    Before you talk to your adviser, make sure you’ve used our equity release quote comparison tool to know what to expect.

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