Equity Release

Release cash from your home to enjoy now

Would you like to know more about Equity Release and how it might work for you? Do you want to find out about the various types of equity release plans that are available and suitable for you? Lighthouse can offer a dedicated equity release specialist, to provide homeowners over the age of 55 with expert advice on releasing equity from their home. Speak to us to see if you can access the value built up in your home.

Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.

Getting to grips with the basics

Equity Release is available to the over 55-age group and is a way of releasing cash from the value of your home without the need to sell it.

There are many reasons why people release equity from their home; here are some of the more common reasons:

To pay for home improvements or adapting your home to accommodate your needs
To supplement retirement income and make life more comfortable
To clear debts or a mortgage
To buy a holiday home
To help out children or grandchildren
To have a holiday of a lifetime or buy a new car

Two types of Equity Release

There are two main types of Equity Release, Lifetime Mortgage and Home Reversion

Lifetime Mortgages

A type of mortgage that allows you to borrow money against the value of your home like a traditional mortgage, but you do not make any monthly repayments. The amount you owe “rolls up” with interest and is repayable when you die or go into long-term care. Some Lifetime Mortgage companies do allow you to make interest payments or partial repayments if you wish to.

Home Reversion

A Home Reversion Plan will provide you with a tax free cash lump sum (or regular payments) and a lifetime lease, guaranteeing you the right to stay in your property rent-free for the rest of your life.

How Lighthouse can help

At Lighthouse, we are Independent Equity Release advisers that will give you all of the support, help and advice that you need to make the right decision to identify the best deals that are available to you from across the market.

Taking equity from your home is a big decision and one that should not be entered into lightly. You should always consider the many alternatives to Equity Release such as:

Selling your home and moving down to a cheaper property
Claiming state benefits or any grants that may be available
Using your existing savings or investments
Getting debt advice

Call 0800 085 8590

Contact us to book a complimentary initial consultation with one of our specially qualified Equity Release advisers. We will always be happy to help you go through these options before deciding that Equity Release is the right type of advice for you.

Important Information: Equity release may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration. Equity release may not be right for everyone. It may affect your entitlement to state benefits and will reduce the value of your estate. Check that this mortgage will meet your needs if you want to move or sell your home or want your family to inherit it. If you are in any doubt, seek specialist advice.

Got a Question?

Use the form below and one of our expert advisers will contact you

Why choose Lighthouse ?

20+ Years & Industry Accredited Awards

Practical solutions for financial security and peace of mind

Personalised financial advice to Turn the cash locked in your home into tax-free cash

Our Lighthouse insurance and protection advisers are prepared to work with you, one-on-one, to develop practical solutions that protect both you and your family.

Find out more about Lighthouse Financial Solutions