Make the most of your home’s value with an equity release mortgage

Couple sitting watching the sun set

The cost-of-living crisis is continuing to hit Brits hard, but there is an easy way for you to make your money go further. Perhaps you’d love to have the cash to build that extension you’ve dreamt about for years. Or maybe you want to release funds from your property so that you can relax and enjoy your retirement.  

If you are at least 55 years old, you could make the most of an equity release mortgage. This will provide you with a tax-free lump sum, allowing you to fund major life decisions or enjoy your retirement without worrying about how to repay your mortgage.  

If it sounds too good to be true, don’t panic.  

Equity release mortgages are a tried and trusted method of freeing up the equity that you’ve built up over the years. They are also increasingly being used by older generations to clear any monthly mortgage repayments and enjoy a comfortable retirement. 

The result?  

You could have more disposable income each month in your wallet. You could also choose to take a tax-free cash sum that you can use for whatever you want; refurbishments, a holiday, a new car, or even a financial gift to a loved one.  

And the best bit? You get to stay living in your own home!  

How does an equity release mortgage work? 

Most homeowners choose to take out a lifetime mortgage when it comes to equity release.  

This means that you retain ownership of your home, but you do not have to make any loan repayments for the rest of your life. The loan (plus any interest that builds up) is repaid by selling the property when the borrower either passes away, or moves into long-term care.  

You can choose to make optional repayments to reduce the amount of money owned on the loan.  

Lifetime mortgages have become increasingly popular amongst Brits who may be worried about how they can fund their retirements. It can allow you to pay off any debts, as well as freeing up monthly mortgage payments.  

Who can benefit from equity release mortgages? 

To apply for an equity release mortgage, you need to be at least 55 years old, and own your own home.  

Even if you still have a mortgage left on your property, you may be eligible for a lifetime mortgage.  

Most people tend to take out between £10,000 and £100k. However, the amount of cash you can release from the value of your home may depend on your age, and the current property value.  

Can you protect your home from fluctuating property prices? 

If you are keen on an equity release mortgage, it’s important to consider the impact of fluctuating property prices.  

Most lenders will include a no negative equity guarantee. This means that when your home is eventually sold, and any fees have been paid, neither you nor your estate will have to pay more if the amount of money left over from the property sale is not enough to pay the overall loan.  

The Mortgage Expert specialise in equity release mortgages.  

Discover whether an equity release mortgage is right for you.  

All you need to do is call our team on 01582 450000 and book an appointment with one of our expert advisors.  

We’ll talk through your available options and explain the pros and cons of equity release mortgages and give you a personalised illustration.  

Our equity release mortgages have a typical advice fee of just £1,495 which is payable upon offer.  

We promise our equity release mortgages will feature as standard:  

  • Optional monthly repayments 
  • Tax-free cash lump sum 
  • No negative equity guarantee. 
  • Remain in your own home. 

 All you need to do is pick up your phone, and we can take care of the rest.  


A lifetime mortgage may impact your eligibility for any means-tested benefits and any inheritances you may plan to leave. 


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