Do You Qualify For Equity Release?

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Each type of Equity Release has different criteria, detailed below:

Lifetime Mortgages

  • Are you aged over 55 and a homeowner?
  • Is your property worth more than £70,000?
  • Do you have little or no Mortgage on your home?
  • Is your property of standard construction and located in the UK?
  • If applying as a couple is the youngest aged 55?

Home Reversion Plan

  • Are you or the youngest applicant aged 65-80 and a homeowner?
  • Is your property worth more than £70,000?
  • Do you have little or no Mortgage on your home?
  • Is your property of standard construction and located in the UK?
  • Is your property a house and NOT a flat, retirement property, sheltered accommodation or ex-local authority home?

If you have answered yes to the above for the one or both of the plans available then you may qualify for Equity Release. To compare the different types of Equity Release plans in more detail see Equity Release Plans Compared.

Remember, an Equity Release Scheme is not always the most suitable option which is why we ask you to contact us for your free consultation. It may be that there are Alternatives to Equity Release that may be better suited for you.

Want to find out more?

If you would like more information regarding this type of plan or wish to arrange a free, no obligation, financial review please contact us on 0161 941 5972 and you will be able to speak to one of our Independent Financial Advisors.